While blockchain is seen to have significant potential applications across a wide variety of contexts – and not just within finance – bitcoin and other cryptocurrencies have been the most tangible encounter with the technology for most people. And Japan is one country that has shown particular enthusiasm for the new paradigm.
With all the positive news this year from Japan — from developing clear and fair laws to regulate virtual currency exchanges, to legally clarifying that bitcoin is now considered an asset and a payment method, there have been a convincing amount of businesses and investment firms that have opted to test blockchain technology as a way to streamline and upgrade their operations. Blockchain Global and Blockshine – leading multi-national blockchain companies have also started to develop their business in Japan.
Recently, Blockchain Global and Blockshine led a $15 million investment in Path Corporation, a Japanese listed company. After the acquisition, Blockchain Global and Blockshine are the major shareholders of Path Corporation.
Path Corporation is a company that primarily engages in the mail order distribution of beauty, health cosmetics, and travel business. Blockchain Global and Blockshine will maintain its core business as an e-commerce platform with extended capabilities backed by blockchain, and tokenize the loyalty points on its platform through our Store Pass technology.
“We believe that the power of blockchain can extend far beyond the world of cryptocurrency,” Sam Lee, the founder and CEO of Blockchain Global said. “Blockchain enables a new approach to enterprise resource management across industry.”
As the global strategic partner of Blockchain Global, the world’s leading blockchain group, Blockshine Technology has always been committed to the global spread of blockchain knowledge and promoted the application of blockchain technology around the world. Blockshine will focus on the Japanese market with a free and open industry environment, provide technical consulting services for related projects based on the blockchain technology platform, and put Blockshine’s own R&D products into the Japanese market to implement localization.
Oak Capital, the original largest shareholder of Path Corporation, will also use its extensive experience in the Japanese market to partner with Blockchain Global in Japan to launch ICO consulting. In addition, Blockchain Global will establish the Blockchain Centre to promote the development of Japan’s domestic blockchain technology and talent pool, and help the development of Japanese blockchain industry.
In the future, through cooperate with Japanese listed companies, Blockchain Global and Blockshine will build a comprehensive assistance system for Japanese blockchain industry, provide business model proposals and ground-based technical assistance for the use of blockchain technology to help companies complete the process of blockchain platform building, import and operation.