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Japan Open Chain Adopts Dog Walking App "LOOTaDOG" in web3 Domain as Development Partner

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〜 To Utilize Bank-Issued Stablecoins and Issue Proprietary NFTs on JOC 〜

Japan Blockchain Foundation Inc. (CEO: Hidekazu Kondo), the consortium management company for Japan Open Chain, announces that the dog walking app "LOOTaDOG" in the web3 domain, operated by LOOTaDOG Japan Inc. (Headquarters: Adachi-ku, Tokyo; hereinafter "LOOTaDOG Japan"), has been selected for the "JOC Development Partner Program," which supports businesses deploying web3 operations on the Japan-made public chain "Japan Open Chain (JOC)," in conjunction with utilizing bank-issued stablecoins and issuing proprietary NFTs on JOC.

JOC will provide technical support to LOOTaDOG Japan, which aims to make daily life with pets more enjoyable, convenient, and meaningful, and will cooperate in developing the web3 world together.

◽️ Background​

LOOTaDOG Japan Inc. upholds the mission of "making life with pets richer and more enjoyable." In modern society, pets are loved by many people as family members. However, life with pets also comes with many challenges. There are numerous needs, including securing time for walks in busy daily life, managing pet health, and providing opportunities for interaction between pets and among pet owners.

LOOTaDOG Japan addresses these challenges by providing services that improve the quality of pet life through the dog walking app "LOOTaDOG," which utilizes web3 technology, and "Petfile," a pet business card with built-in NFC functionality.

Through this partnership with LOOTaDOG Japan, by leveraging JOC's blockchain technology, we aim to promote the web3 domain by ensuring data transparency and security, enhancing user trust, considering the use of bank-issued stablecoins on JOC for donations, and improving the transparency and efficiency of donations.

JOC will strengthen LOOTaDOG's technological foundation and provide support to deliver high-quality services to more users, aiming for the development and popularization of Japanese blockchain technology.

◽️ Japan-Made Public Blockchain Emphasizing Practicality: 'Japan Open Chain'​

This is an Ethereum-compatible (Layer 1) public chain jointly operated by leading prominent companies such as COGEA, a startup within the Sony Group, NTT Communications of the NTT Group, Dentsu, and TIS. Designed as a practical blockchain infrastructure that anyone in the world can use safely, securely, and affordably, it is particularly optimal for use in financial and business fields.

【Main Features】​

  • Operated safely and securely by Japanese companies.

    • Validators consist of companies that have passed appropriate screening.
    • Operating in compliance with Japanese law, providing a clear legal basis.

  • Ethereum fully compatible chain utilizing PoA (Proof of Authority)

    • Fully compatible with Ethereum, allowing for the use of Ethereum protocol-developed tools and smart contracts as-is.
    • The Proof of Authority (PoA) algorithm achieves a balance between decentralization and scalability, incorporating practical considerations into its design.
    • Provides high security performance thanks to adequate decentralization, network stability and controllability, and is energy-efficient and environmentally friendly.

  • Optimal Design for web3 Business with Fast and Affordable Fees

    • Achieves processing speeds tens of times faster than the Ethereum mainnet.
    • Fees for issuing NFTs are less than 1 yen per transaction.
    • Eliminates settlement risk through deterministic finality.

  • Projects by Large Corporations and Local Governments Underway

    • Financial DX projects through the issuance of Japan-based stablecoins by banks.
    • Various NFT projects by local governments, including "Digital Citizen Certificates".

◽️ About LOOTaDOG Japan Inc.​

LOOTaDOG Japan Inc. develops and operates the dog walking app "LOOTaDOG" in the web3 domain, as well as pet business cards with built-in NFC functionality that are also installed in electronic payment services.

＜Services Provided＞

LOOTaDOG

A dog walking app that gamifies daily walks and allows users to enjoy raising digital dogs. Aiming to make walks more enjoyable and active, users can contribute to society by returning a portion of the rewards earned in the game to a pet care fund.

Petfile

A pet business card with built-in NFC functionality for cherishing encounters during walks, meetups, and pet events. With one touch on a smartphone, you can introduce your pet's profile and look back on memories with friends you've met. X (Twitter)