Today, I have some MAJOR announcements concerning Makoto’s work. I have constantly said that he was in “meetings” and today I would like to give some information about some of those meetings.
You may have recently noticed that there was a press release stating Infoteria is working in partnership with Tech Bureau, an agency that Makoto is teamed with and uses NEM technology. Since their press release, they have had their stock increase $70,000,000. Infoteria connects over 5,000 Japanese businesses providing tech solutions for them. http://www.prweb.com/releases/2015/12/prweb13122409.htm http://www.coindesk.com/press-releases/infoteria-private-blockchain-startu/
And just today, a major bank in Japan has announced it too will be partnering to build on NEM and Mijin. For those of you who don’t know, Mijin is a private ledger version of NEM that has long been testing behind the scenes, and that uses the same APIs as NEM, so that companies using Mijin will also have easy access to the NEM main chain. The last announcement about Mijin over a month ago from the devs stated that it is running on 15 second blocks, with 100 tx/s very smoothly. It of course is also equipped with namespaces, mosaics, and messaging as well as NEM’s advanced security features and multisig 2.0.
SBI is the largest online bank in Japan founded in 2007 (by much older companies) with over 2,000,000 customers, access at every convenience store in Japan, and 3.4 trillion yen (27 billion USD) in holdings. They are looking to use NEM’s blockchain technology and services built on top of it to expand their reach as a digital bank. https://www.sbigroup.co.jp/english/company/group/netbank.html
Additionally, Tech Bureau and Sakura Internet have announced a partnership. Sakura Internet is a major provider of cloud service providers (think AWS but for Japan). Sakura is offering free 6 month service of Cloudchain’s from the Mijin system starting today for developers and businesses to test with additional special services being provided for financial services testing Mijin. http://bitcoinist.net/mijin-offering-blockchains-world-free/
The Mijin fork of NEM is a very create innovation in blockchain technology. The Mijin private forks are designed for speed and security and all businesses deploying them to have a full control over their blockchain, assets, and trading partner. But in building their platforms, those exact same APIs can be used to access the open, decentralized and public NEM blockchain. Businesses now are getting 2 for the price of 1. They have the ability in a private ledger to trade with special trusted partners, or can also trade on the NEM chain with anybody, anywhere in the world.
Since announcing their press release, Sakura Internet in only 1.5 hours had their stock trading stopped as it reached its daily limit for increase.
These announcements placing NEM tech with a major bank, a major consortium of businesses, and the major provider of cloud services in Japan is positioning NEM as the front runner (actually only option) to be the go to chain in Japan (and possibly Asia) for business solutions. The only other live ledger to achieve this kind of business partnership is Ripple and Bitcoin. The only other projects like this are R3, SETL, and T0 which have announced partnerships but have yet to demonstrate a live project for testing. With this series of announcements about NEM, I can say that to my knowledge that outside of Bitcoin, NEM is the only blockchain that started with nothing from nowhere without VC funding, yet has become successful.
I am very proud of the developers and marketers for working so hard to make this reality come true. There have been other people that have helped Makoto along the way like Takao Asayama and Jimmy Homma and many others that deserve thanks too.