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Japan Open Chain to Exhibit and Hold Seminars at Japan's Largest Blockchain Exhibition, 'The 4th Blockchain EXPO [Autumn]'

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Japan Blockchain Foundation Co., Ltd. (CEO: Hidekazu Kondo; hereinafter "our company"), which operates and manages the consortium for "Japan Open Chain," a public blockchain optimized for business, will exhibit at the "4th Blockchain EXPO [Autumn]" to be held at Makuhari Messe over three days from October 25 to October 27, 2023, and will hold talk sessions with validators (blockchain co-operators) of "Japan Open Chain" and seminars at our exhibition booth. We will provide detailed introductions to Japan Open Chain's domestic and international activities, usage methods, financial institution-issued stablecoin initiatives, NFT projects, and more. At the previous two exhibitions at this EXPO, thousands of visitors came to our booth each time. We also plan to distribute commemorative NFTs, which were well-received last time.

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■Web3 Services and Projects to Be Introduced at Our Exhibition Booth

・Japan Open Chain

A high-speed public blockchain that anyone worldwide can use safely, securely, and affordably. Designed as a public blockchain optimized for business with an emphasis on practicality, it is being utilized by financial institutions, major companies, and local governments.

スクリーンショット 2023-10-17 085813

Main Features

  1. Safe and Secure Operation by Japanese Companies
    • Validators (blockchain co-operators) are companies that have passed appropriate screening
    • Operations comply with Japanese law with clear legal basis
  2. Fully Ethereum-Compatible Chain Using PoA Method
    • Full compatibility with Ethereum allows tools and smart contracts developed for Ethereum protocols to be used as-is
    • Adopts PoA (Proof of Authority) algorithm, realistically considering the balance between decentralization and scalability
    • High security performance through adequate decentralization, network stability and controllability, excellent energy efficiency with environmental considerations
  3. Fast and Affordable Fees, Design Optimized for web3 Business
    • Achieves processing speeds several dozen times faster than Ethereum mainnet
    • Affordable fees of less than 1 yen per NFT issuance
    • Eliminates settlement risk through deterministic finality
  4. Projects by Major Corporations and Local Governments Including Stablecoin Issuance Are Underway
    • Financial DX projects utilizing Japan's first bank-issued stablecoins
    • Various NFT projects by local governments including "Digital Citizen Certificates"

Japan Open Chain Official Website: https://www.japanopenchain.org/

・Stablecoin Project

Currently, approximately 18 trillion yen worth of USD-pegged stablecoins are in circulation worldwide, and are predicted to grow to approximately 410 trillion yen within the next 5 years. They are attracting attention as a blockchain use case utilized globally for enabling extremely fast and affordable remittances and payments. In particular, they are gathering attention in various areas including corporate and personal remittances and payments, payment methods for NFTs and digital securities, and supply chain DX.

Following the enforcement of the amended Payment Services Act on June 1 this year, we are conducting demonstration experiments on stablecoin issuance and remittances on Japan Open Chain in collaboration with various banks. We aim to circulate Japan's first bank-issued stablecoins domestically and internationally, and plan demonstration experiments with businesses that will use stablecoins.

▼ Recent Related Press Release Notice of Stablecoin Demonstration Experiment Launch with ORIX Bank for Trust Beneficiary Right-Type Stablecoins https://www.jbfd.org/news/stable-coin-demonstration-experimen-orix

▶︎ Japan Open Chain Recommended Products and Solutions

・G.U. Wallet (web3-Compatible Wallet)

A web3-compatible wallet that enables easy and secure management of crypto assets. Features integrated token and network management with an excellent card-type design that prevents token mis-transfers. Fully supports DeFi (decentralized finance) services on Ethereum, with standard equipment including blacklist/whitelist management functions and wallet address disclosure restriction features.

Official Website: https://www.lunascape.org/wallet

・Lunascape Browser (web3-Compatible Web Browser)

A safe, fast, and feature-rich domestic browser developed in Japan for 20 years. Features built-in web3 wallet for seamless access and use of dApps. All the latest features including powerful ad blocking, RSS reader, tab browsing, and e-book reader are available completely free.

Official Website: https://www.lunascape.org/browser/mobile

・G.U. Blockchain Cloud

A cloud service that enables easy operation and management of your own Ethereum-compatible chain. With simple 3-step initial setup that requires no blockchain engineers, companies can build and manage their own blockchain extremely easily and affordably.

Official Website: https://www.bccloud.net/ja/

・G.U. web3 Advisory

For companies looking to engage in web3 business such as NFT business, we provide support for planning and campaign implementation based on expertise in the web3 domain. We assist companies who cannot envision how to integrate web3 technology with their business, or who want to start web3 business but face resource constraints or need to reduce development costs, by providing cutting-edge knowledge to support web3 business and DX utilizing blockchain technology.

 

■ Event Overview

Name: The 4th Blockchain EXPO [Autumn] Dates: October 25 (Wed) – October 27 (Fri), 2023 Hours: 10:00-18:00 (*Last day ends at 17:00) Venue: Makuhari Messe (Halls 1-3) Booth Location: 6-31 Admission: Free (Pre-registration required online) Organizer: RX Japan Ltd. Official URL: https://www.nextech-week.jp/autumn/ja-jp/visit/bc.html