Japan Sees a New Blockchain Industry Consortium Established

Japan’s first blockchain industry organization, the Blockchain Collaborative Consortium (BCCC), sees 34 companies as founding members coming together. BCCC will help promote blockchain solutions and innovation to the public as well as working with other blockchain organizations from around the world.
The likes of Microsoft Japan and Ethereum-coder collective ConsenSys together with an array of Japanese Fintech startups and technology companies have banded together to form the Blockchain Collaborative Consortium.
In a statement via a press release, the consortium highlighted blockchain technology as the innovation at the very core of the Fintech revolution. The BCCC sees distributed ledger technology as the instrumental core to enable the ‘evolution of information systems, in just about every industry.’
The group stated:
Prior to the formation of this consortium, knowledge and achievements related to blockchain in Japan weren’t shared, so the scope of applications was limited.
The Consortium adds that it will seek to fund blockchain research and promote the innovation to help Japan stay competitive in the global Fintech arena.
‘We will coordinate with other blockchain organizations around the world,’ the group added. ‘We will bring home what we learn from overseas, and as a leading country of blockchain technology, we will disseminate our expertise and experience globally.:
A Bitcoin-Friendly Fintech Destination Following the infamous episode of the now-defunct bitcoin exchange Mt. Gox that was based in Japan, the country’s authorities and regulators have been making inroads into passing laws that will see cryptocurrencies like bitcoin treated like conventional fiat currencies.

This post was published at Crypto Coins News on 29/04/2016.