Ethereum Startup Omise Gains Megabank Sponsor for Blockchain Coworking Space

Ethereum Startup Omise Gains Megabank Sponsor for Blockchain Coworking Space

Mizuho, one of Japanís three so-called Ďmegabanksí, will sponsor Neutrino, the countryís first blockchain coworking space established by Ethereum-based startup Omise Japan.

Named ĎNeutrinoí, the countryís first specialized blockchain co-working space was established by Omise in Tokyo in March this year. Omise, a Thai-based startup, sees Ethereum co-founder Vitalik Buterin among its advisors and closed a $25 million ICO in new financing last year to develop a decentralized payments platform Omise Go, powered by OMG, an ERC20 token cryptocurrency.

The collaborative space aims to advance research to ultimately deploy operational implementations of blockchain technology and cryptocurrency in businesses and services.

ĎStarted by OmiseGO, Neutrino is building a thriving community by connecting entrepreneurs, businesses, regulators, and cryptocurrency thought leaders together through series of regularly organized events, workshops and meetups,í reads a description on Neutrinoís website.

In an announcement on Friday, Japanese banking giant Mizuho revealed it will sponsor the coworking space in an arrangement that will also see the bank become a ďlong-term tenantĒ of the coworking space.

Mizuho sees blockchain as a decentralized technology that will have a transformative impact across industries, stating it will ďsimplify and optimizeĒ various kinds of business operations. In outlining its own intentions to implement the technology to deliver better financial services to its clients, Mizuho believes Neutrino and the interactions within the coworking space ďwill bring us one step closer to developing commercial applications for blockchain technology.Ē

The bank stated:

Mizuho has previously experimented and developed a number of blockchain applications in record keeping, cross-border securities transactions, trade finance with tech partner IBM and document sharing.

Notably, the megabank is an investor in bitFlyer, Japanís largest and best-funded cryptocurrency exchange and has previously tested its own digital currency in a three-month trial with IBM Japan.

Featured image from OmiseJapan.

25.05.2018 / 01:45 77
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