Market Overview

Japan Blockchain Technology Market Outlook to 2023: Key Growth Factors & Threats and Key Player Profiles - ResearchAndMarkets.com

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The "Japan
Blockchain Technology Market (2018-2023)"
report has been added
to ResearchAndMarkets.com's offering.

Japan is trying to become the world's Blockchain hub. Japan' SBI
(Strategic Business Innovator Group) is creating a venture capital fund
to invest in Blockchain technology. The fund is expected to reach USD
450 million by mid-2018.

By industries, the Japan Blockchain market is divided into BFS (Banking
Financial Service), Insurance, Supply Chain management, and healthcare.
Banking and Financial Services holds the largest market share. Japan has
developed digital customer IDs for the banking sector based on
Blockchain technology.

The three largest banks in Japan are the Bank of Tokyo-Mitsubishi UFJ
(MUFJ), Mizuho and the Smitomo Mitsui Banking Corp, and they use
Blockchain technology to view each other's customer details upon
approval. Ripple collaborated with 61 Japanese Banks and developed
Blockchain Payment.

Japan is also trying to apply Blockchain technology across various other
domains. A major Japanese electricity company is collaborating with a
start-up to test a peer to peer energy trading system.

After Cryptocurrencies gained recognition in Japan, the Japanese
government disclosed various methods to evaluated Blockchain technology
that would transform various industries.

Key Growth Factors

  • Japan has adopted the Blockchain technology for financial transactions
    and decided to use it to verify government tenders.
  • Japanese brokerage companies are planning to launch a consortium to
    drive the adoption of Blockchain technology in the industry. The goal
    is to boost efficiency and provide better customer service.
  • Blockchain technology will be widely used in the P2P energy market in
    order to ensure customers can trade electricity among themselves and
    automatically receive payment, hence allowing them to reap profits
    from their excess power.

Threats

  • Japan has made very progressive use of Blockchain technology across
    various domains. However, the country needs to pay more attention to
    security,and policy making to make maximum utilization of the
    technology.

Companies Featured

  • Coinhive
  • JSECoin
  • Tidbit
  • Coinbase
  • BitPay

Key Topics Covered

Chapter 1: Executive Summary

Chapter 2: Introduction

Chapter 3: Japan Blockchain Technology Market Overview

Chapter 4: Japan Blockchain Technology Market by Industries

Chapter 5: Company Profiles

Chapter 6: Start-up Company Overview

Chapter 7: Conclusion

For more information about this report visit https://www.researchandmarkets.com/research/8rscb6/japan_blockchain?w=4

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