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The city of Tokyo announces a blockchain start accelerator

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The Tokyo government is organizing a new blockchain-based start-up, which should officially start in January.

The Tokyo Metropolitan Government is working with the Japanese think tank Nomura Research Institute (NRI) on the "Blockchain Business Camp Tokyo," the third iteration of a series of acceleration programs that have focused on emerging technologies. The accelerator program is looking for companies based outside of Japan that focus on applications in areas such as the supply chain, the Internet of Things and the infrastructure of financial markets. , among others.

The accelerator application period will last until November 24, officials said late last week. Five companies are expected, and the selected companies will be informed in December before the start of the program the following month. The accelerator will last until March, according to the statements.

The officials suggested that it would work to advance the work done by the selected startups, including a plan to help them advertise their products and services in public spaces.

"In addition, the technologies and services of foreign companies participating in the program (about five companies) will be announced for an extended period using the digital signage around Shinjuku and Tokyo stations in the heart of Tokyo, and the support will be extended to foreign companies that decide to establish their business in Tokyo, "the government said in a statement

.

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Development represents one of the most remarkable developments of the public sector in Japan so far. This spring, lawmakers finalized and passed a law recognizing bitcoin as a kind of payment method, paving the way for a number of companies in the country to try to accept it in stores.

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And last month, regulators issued licenses for 11 bitcoin exchanges – a move that reflects the proactive stance that the Japanese government has taken toward technology so far.

Image via Shutterstock


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