Topic: Genesis Public Blockchain Actively Empowers the Japanese Industry (Read 51 times)

Currently, blockchain technology is gaining attention and popularity around the world. Although the development of blockchain industry varies from country to country due to differences in economic conditions and policy orientation, the application of blockchain continues to land in various countries, which involve fields such as on-chain malls, supply chains, archival traceability, payment remittance, etc.

With the rise of crypto, crypto economy governance has become the new focus of global economic governance. As the third largest economy in the world, Japan's government and its society show great interest and strong “positivity" to the development of blockchain and crypto currency.

Under this favorable policy, the agent of Genesis public blockchain in Japan has been in close contact with Japan International Economic Development Association and Japan Ronside K.K., aiming to promote Genesis to empower in multiple directions such as financial and physical business in Japan.

In addition, due to the breakthrough of the global real economy driven by the Internet consumption, the consumer segment has been attracting attention globally again. But there are still various drawbacks in the development of this consumption mode, such as imperfect infrastructure, weak service capability, low value-added production and lagging regulatory standards, etc., which have become the constraint of development.

Blockchain has the characteristics of decentralization and non-tampering, which can guarantee the authenticity of every transaction on chain, and at the same time accurately carry out tracking and traceability, greatly avoiding the above-mentioned contradictions and effectively establishing trust between networks through the token system. The most widely used field of blockchain technology in the future will be the real consumer economy.

In Genesis protocol, the Delegated Proof of Consumption (DPoC) mechanism is a good way to encompass the value of consumption, and it uses contribution as the base of computing assessment to compete for bookkeeping rights and obtain block rewards.

In the public blockchain ecosystems built around Genesis, the eco-participants obtain computing power through the amount of consumption contribution and compete for bookkeeping rights to obtain block rewards, which is widely used in retail, online mall, cross-border e-commerce, payment, etc. Genesis integrates them to reshape the pattern of Internet economy.

These fields are also the development path that Genesis public blockchain is actively exploring, and how to use Genesis to collaborate with the development of real economy will be the main in-depth direction of Genesis in Japan.