Japanese Government Sends Blockchain Startups Abroad for Innovation Program

Japan’s government is sending three blockchain startups to the US as part of a technology innovation program.

AccessTimeIconJan 11, 2017 at 3:23 p.m. UTC
Updated Aug 18, 2021 at 5:34 p.m. UTC

Presented By Icon

Election 2024 coverage presented by

Stand with crypto

Japan’s government is sending three blockchain startups to the US as part of a technology innovation program.

The Japanese Ministry of Economy, Trade and Industry (METI) said earlier this month that employees from 55 startups would take part in the initiative. The “Project for a Bridge of Innovation between Silicon Valley and Japan” was first announced in mid-2015 as part of a bid to boost cooperation between Japanese and US tech firms.

  • Bitcoin Mining in the U.S. Will Become 'a Lot More Decentralized': Core Scientific CEO
    13:18
    Bitcoin Mining in the U.S. Will Become 'a Lot More Decentralized': Core Scientific CEO
  • Binance to Discontinue Its Nigerian Naira Services After Government Scrutiny
    05:10
    Binance to Discontinue Its Nigerian Naira Services After Government Scrutiny
  • The first video of the year 2024
    04:07
    The first video of the year 2024
  • The last regression video of the year 3.67.0
    40:07
    The last regression video of the year 3.67.0
  • Reps from Keychain GK will spend time in Silicon Valley while those from Quoine and Soramitsu will visit New York as part of the program. The program lasts between January and March, according to METI.

    focuses on integrating the tech with existing IT infrastructure, according to its website. Quoine is a digital currency exchange in the midst of a Series A funding round while Soramitsu is a startup that last year submitted its ‘Iroha’ blockchain project to the open-source Hyperledger initiative.

    A fourth technology firm, HAW International Inc., which has developed a business line focused on blockchain, is also taking part in the program.

    Within the Japanese government, METI has taken a proactive position on blockchain, undertaking research on the tech and going as far as suggesting that other government organizations pursue similar lines of inquiry.

    Image via Shutterstock

    Disclosure

    Please note that our privacy policy, terms of use, cookies, and do not sell my personal information have been updated.

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of the Bullish group, which owns and invests in digital asset businesses and digital assets. CoinDesk employees, including journalists, may receive Bullish group equity-based compensation. Bullish was incubated by technology investor Block.one.


    Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.