AltX Research KK Launches Japan Smart Chain to Revolutionize Digital Transactions in Japan
AltX Research KK, in collaboration with industry experts Joichi Ito and Russell Cummer, introduces Japan Smart Chain (JSC) – a groundbreaking Ethereum blockchain tailored for Japanese regulations. This innovative solution aims to address regulatory challenges and enhance consumer protection in digital transactions, paving the way for greater efficiency and security for businesses and users in Japan.
Background:
The adoption of web3 technologies in Japan has been hindered by the mismatch between local regulations and global technological advancements. This disconnect has deterred Japanese companies from embracing blockchain for essential use cases like payments and finance. To bridge this gap, Japan Smart Chain emerges as a sovereign blockchain platform designed to align seamlessly with Japan’s regulatory environment. By proactively resolving compliance issues at the foundational level, JSC empowers Japanese enterprises and consumers to leverage faster, cost-effective, and secure digital services.
Project Description:
Japan Smart Chain stands out as a native blockchain infrastructure validated within Japan by industry leaders. Featuring the pioneering Mizuhiki Protocol, JSC integrates digital KYC/AML practices directly into its framework, streamlining compliance processes for operators and users. This unique protocol offers self-controlled identification methods and a suite of eKYC tools tailored to Japanese regulations, provided free of charge to JSC projects and end-users.
Guiding Principles:
1. Principle of Sovereignty:
Japan Smart Chain prioritizes sovereignty, ensuring that it operates within Japan’s jurisdiction and complies with local regulations independently of external influences. By upholding Japanese laws and regulations, JSC remains shielded from foreign regulatory interventions, safeguarding its autonomy.
2. Principle of Security:
Security is paramount for Japan Smart Chain, which bolsters Ethereum’s robustness with Japan’s top-notch engineering expertise, enhancing the platform’s resilience and reliability.
3. Principle of Safety:
The platform prioritizes safety, ensuring that users of regulated on-chain services can engage securely, knowing that stringent anti-money laundering measures are embedded in the infrastructure layer.
4. Principle of Scalability:
Japan Smart Chain is committed to scalability, offering L2 as a service from inception to facilitate the adoption of compliant infrastructure by existing and future projects at a reduced cost.
With its steadfast commitment to regulatory compliance, security, safety, and scalability, Japan Smart Chain sets a new standard for digital transaction infrastructure in Japan, fostering a conducive ecosystem for web3 adoption and innovation.
The information in the article is for informational purposes only. It does not constitute any investment advice. The author and CryptoBlockNews.com are not responsible for your profits or losses arising from your investments. Investment is ultimately based on many foundations such as knowledge, accumulation, experience, research and personal decisions.
