Japan Open Chain is a high-speed, low-cost blockchain platform designed to comply with Japanese regulations, ensuring safe and secure use for everyone. With full compatibility with the Ethereum Virtual Machine (EVM), it allows migration of existing dApps while leveraging the strengths of the Ethereum ecosystem.
The platform employs a Proof of Authority (PoA) consensus algorithm, with prominent Japanese enterprises participating as validators to build and sustain its ecosystem. Its high-speed, low-cost transactions make it an ideal solution for enterprises. Through partnerships with banks, it supports the issuance and management of stablecoins, enabling businesses to create reliable digital currencies for diverse use cases such as payments and remittances. Given its unique features, the blockchain also plays a significant role in promoting Japanese culture.
The native JOC token serves as the transaction fee token, driving blockchain adoption both with Japan and internationally.