〜 Promoting Web3 Business with Leading Japanese Companies 〜
Japan Blockchain Foundation Co., Ltd. (CEO: Hidekazu Kondo), which operates and manages the business-optimized public chain 'Japan Open Chain,' is pleased to announce the participation of TIS Inc., a key part of the TIS INTEC Group (Headquartered in Shinjuku, Tokyo; President and CEO: Yasushi Okamoto), as a validator (blockchain operation partner) for Japan Open Chain.
'Japan Open Chain' is a public blockchain optimized for business, prioritizing legal compliance and technical practicality. Its adherence to Japanese law and clear operational framework positions it as a trusted blockchain infrastructure for businesses and local governments venturing into web3 business. In addition, the chain boasts full Ethereum compatibility, ensuring high speed, essential decentralization, robust security, and stability.
Current validators for Japan Open Chain include CORGEAR Co.Ltd, a startup within the Sony Group, Dentsu Inc., NTT Communications Corporation G.U.Technologies Inc., Minna Bank Ltd., OPTAGE Inc., pixiv Inc., and Kyoto University of Art and Design.
We aim to have a total of 21 companies to join as validators to secure adequate decentralization. With the inclusion of TIS and other well-known, trusted validators from Japan, we aim to rapidly expand the 'Japan Open Chain' ecosystem and enhance its network stability.
◽️ Purpose of TIS's Participation as a Validator
As a new co-operator of the Japan Open Chain blockchain, TIS is dedicated to providing a trustworthy blockchain platform for Japanese companies, in collaboration with fellow operators. TIS’s involvement also focuses on the development of Web3 services aimed at addressing societal challenges. Their key initiatives include:
- Managing and operating the blockchain infrastructure.
- Validating the legitimacy of transaction data on the blockchain.
- Technical enhancements to boost security, performance, and stability.
- Investigating new Web3 services designed to tackle social challenges.
- Developing strategies for the social implementation of Web3 services.
- Creating services that facilitate co-creation and the exchange of value without intermediaries.
◽️ Comment by Mr. Ken Nakamura, General Manager of the DX Planning Unit, DX Business Unit at TIS Inc.:
At TIS, our ongoing mission is to deliver total production that blends convenience and innovation through web3 technology, while ensuring utmost safety and security. In this light, we are delighted about our opportunity to join in validator operations for Japan Open Chain. As we transition to an era where a lot of values are represented as digital assets, we are confident that our role as a validator will significantly contribute to the stable and practical implementation of blockchain infrastructure in the real world.
◽️ Comment by Hidekazu Kondo, the Founder of Japan Open Chain
We are delighted that TIS, a company that plays a pivotal role in shaping Japan's IT and payment landscapes, is joining Japan Open Chain. Their participation marks a significant milestone for the future growth of Japan Open Chain as a public infrastructure.ogether with TIS, we are poised to make significant strides in the evolution and expansion of Japan's web3 industry.
◽️ Japan Open Chain is a public blockchain optimized for business, emphasizing legal and technical practicality.
While numerous blockchain networks exist worldwide, in many cases, the chain's administrator is not transparent and faces significant legal and technical challenges, making it difficult to promote web3 businesses on such platforms. In light of growing concerns about fraud and other risks, there's an increasing demand for blockchains that adhere to national regulations and guarantee secure business transactions.
Japan Open Chain was established to solve those problems. As it is fully compatible with Ethereum, it offers rapid transactions at a low cost, adequate decentralization, and high security and stability. In addition, with reputable Japanese companies onboard as validators, this public chain ensures both legal and technical practicality. This allows individuals and businesses worldwide to advance web3 business on a global scale without concerns.
Japan Open Chain Official Web Site：https://www.japanopenchain.org/en/
◽️ Seeking Collaborators: Join as a Validator for Japan Open Chain
Japan Open Chain consortium is actively seeking participation from domestic companies interested in joining as validators which play a crucial role as co-operators of the chain. We also extend an invitation to any entities interested in exploring business opportunities utilizing Japan Open Chain. For more details and to express interest, please feel free to contact us.
◽️ Abuot TIS Inc.
TIS Inc., a member of TIS INTEC Group, is a business partner to more than 3,000 companies in various sectors, including finance, industry, public services, and distribution services. It provides IT to support growth strategies, tackling various management challenges faced by its customers. Leveraging the industry knowledge and IT development capabilities it has cultivated over more than 50 years, TIS aims to realize a prosperous society by providing IT services that have been co-created with society and customers in Japan and the ASEAN region.
Company Name ：TIS Inc.
Representative ：Yasushi Okamoto
Foundation Date ：April 28th, 1971
Established ：April 1st, 2008
Location ：1-17-8 Nishi-Shinjuku, Shinjuku-ku, Tokyo
Capital ：10 Billion Yen