JUN 01, 2020
JCB signs a Strategic Partnership Agreement with TECHFUND for Joint Research on Sustainable Payment System Using Blockchain
June 1, 2020
Tokyo, 1 June 2020 - JCB Co., Ltd., a global payment network and a leading issuer and acquirer in Japan, and TECHFUND Inc., a technology accelerator promoting innovation in startups and leading companies, have signed a strategic partnership agreement to jointly research the construction of a sustainable payment system using blockchain. Based on TECHFUND's blockchain technologies such as STO (Security Token Offering)(*1) and staking(*2), JCB and TECHFUND jointly research the payment platform that will contribute to solving various issues in the payment field.
STO: A method of raising funds through tokenized securities issued on the blockchain.
Staking: Earning a reward by continuously holding crypto currencies and contributing to the stability of the system.
TECHFUND, a TECHNOLOGY ACCELERATOR, was launched on October 9, 2014 with a vision, “BE AN ENTREPRENEUR”. As the world's first technology accelerator to support startups by investing “technology” instead of money, we have been involved in more than 300 teams of mentoring and due diligence, and have invested in 10 companies. At the same time, we provide an intrapreneur program, “ACCEL PROGRAM for BIZ”, for major companies and contributed to 30 leading companies' innovations. We also develop scoring algorithms to assess the growth potential of startups and new businesses. TECHFUND is currently focusing on supporting blockchain and STO projects, as well as developing and providing ACCEL BaaS (Blockchain as a Service) to “accelerate” the development of blockchain applications for startups and enterprises. Among the supported startups is EtherSecurity, a company in the staking business.