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Japanese Government Unveils Evaluation Process for Blockchain Platforms

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Japanese Government Unveils Evaluation Process for Blockchain Platforms

Post by henry2 on Wed Apr 19, 2017 3:30 pm

In a month where bitcoin gains prominence in Japan’s mainstream after the cryptocurrency saw recognition as a legal method of payment, the Japanese government has revealed a method to evaluate blockchain platforms that are widely expected to transform a number of industries.

Published [PDF] by the Ministry of Economy, Trade and Industry (METI), the evaluation process is developed by the Information Economy Division which operates under METI’s Commerce and Information Policy Bureau.

Development of the evaluation process took shape after five committee meetings in total held between November 2016 and March 2017 that included members such as Yuzo Kano, co-founder and chief executive of Japan’s largest bitcoin exchange, bitFlyer and Masanobu Takagi, blockchain architect at IBM Japan.

Source: https://www.cryptocoinsnews.com/japan-evaluation-blockchain-platforms/

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