Japan Open Chain Selects 'LOOTaDOG,' a Dog Walking App in the web3 Domain, as Development Partner
~ To Utilize Bank-Issued Stablecoins and Issue Proprietary NFTs on JOC ~
Japan Blockchain Foundation Co., Ltd. (CEO: Hidekazu Kondo; hereinafter "our company"), the consortium management company for Japan Open Chain, is pleased to announce that "LOOTaDOG," a dog walking app in the web3 domain operated by LOOTaDOG Japan Co., Ltd. (Headquarters: Adachi-ku, Tokyo; hereinafter "LOOTaDOG Japan"), has been selected as a "JOC Development Partner Program" operator supporting businesses developing web3 business on "Japan Open Chain (JOC)," Japan's public blockchain, in conjunction with LOOTaDOG's utilization of bank-issued stablecoins to be issued and circulated on JOC and issuance of proprietary NFTs.
JOC will provide technical support to LOOTaDOG Japan, which aims to make daily life with pets more enjoyable, convenient, and meaningful, and cooperate in developing the web3 world together.
◽️ Background
LOOTaDOG Japan Co., Ltd. upholds the mission "Making life with pets richer and more enjoyable." In modern society, pets are loved as family members by many people. However, life with pets also involves many challenges. There are many needs including securing time for walks in busy daily life, pet health management, and providing places for interaction between pets and between owners.
LOOTaDOG Japan addresses these challenges through the dog walking app "LOOTaDOG" utilizing web3 technology and "Petfile," a pet business card with built-in NFC functionality, providing services that improve the quality of pet life.
In this partnership with LOOTaDOG Japan, by utilizing JOC's blockchain technology, we aim to ensure data transparency and security, increase user trust, and promote the web3 domain with consideration for utilizing stablecoins issued by banks on JOC for donations and improving donation transparency and efficiency.
JOC will strengthen LOOTaDOG's technological foundation, support providing high-quality services to more users, and aim to develop and spread blockchain technology in Japan.
◽️ Public Blockchain from Japan Emphasizing Practicality: 'Japan Open Chain'
An Ethereum-compatible (Layer 1) public blockchain jointly operated by prominent companies leading the industry including CORGEAR (Sony's in-group startup), NTT Communications (NTT Group), Dentsu, and TIS. Designed as practical blockchain infrastructure that anyone worldwide can use safely, securely, and affordably, particularly optimized for use in finance and business sectors.
Official Website | X (Twitter) | Discord
Main Features
- Safe and Secure Operation by Japanese Companies
- Validators are companies that have passed appropriate screening
- Operations comply with Japanese law with clear legal basis
- 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
- 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
- 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"
◽️ About LOOTaDOG Japan Co., Ltd.
LOOTaDOG Japan Co., Ltd. develops and operates the dog walking app "LOOTaDOG" in the web3 domain, along with pet business cards with built-in NFC functionality also used in electronic payment services.
Services Provided
- LOOTaDOG
A dog walking app that gamifies daily walks and allows users to enjoy raising digital dogs. Aims to make walks more enjoyable and active, with part of in-game rewards returned to pet care funds, enabling social contribution.
- Petfile
A pet business card with built-in NFC functionality for valuing encounters during walks, off-meetings, and pet events. Can introduce pet profiles with one touch to smartphones and allows looking back on memories with friends met.