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Japan Smart Chain signs a vision partnership agreement with KDDI.
AltX Research Co., Ltd. announced on July 23 that it has signed a vision partner contract with KDDI Corporation for its domestic layer 1 blockchain "Japan Smart Chain (JSC)" currently under development.
This partnership is based on the expectation that JSC will be able to respond flexibly to the latest regulatory trends in the country, and that KDDI is considering the expansion of its validator business. Both companies anticipate the creation of synergies through collaboration.
Japan Smart Chain is a foundational blockchain infrastructure validated by companies within Japan. Its compliance-focused design incorporates blacklist application and transaction priority control, enabling the provision of regulated digital asset services.
Both companies plan to advance the following initiatives in the future.
Built on the JSC platform is a modular suite called "Mizuhiki" that features the ability to directly guarantee verified identity, regulatory compliance, and risk management on-chain. Companies will be able to launch and operate regulated digital services without relying on fragmented off-chain processes.
Impact on the Domestic Blockchain Market and Future Outlook
The participation of major telecommunications companies may accelerate the social implementation of blockchain technology.
By participating as a validator, KDDI is expected to further enhance the reliability and security of JSC. Additionally, there is a vision for creating new services that combine KDDI's communication infrastructure with JSC's blockchain technology.
In particular, the design that emphasizes regulatory compliance will create an environment where financial institutions and companies can safely utilize blockchain technology. This is expected to promote the proliferation of Web3 services in Japan.
Main features of JSC
Japan Smart Chain implements unique features tailored to the Japanese regulatory environment while maintaining full compatibility with Ethereum. It is characterized by functioning as a foundation to provide compliant digital asset services while ensuring user convenience.
In the future, it is expected that the collaboration between the two companies will clarify specific services and details of pilot projects, further accelerating the movement towards the development of the blockchain industry in Japan.