Blockchain startup Tech Agency unveils new core Catapult and raises United states of america$ 6.six million  to fund Zaif Bitcoin Exchange.

Blockchain startup Tech Agency is based in Osaka, Nihon. It has been in the news recently as information technology's raised funds for its 2 major offerings: Zaif exchange and Mijin, a individual blockchain production. Cointelegraph had the opportunity to talk to Takao Asayama, CEO of Tech Bureau Corp (Zaif Substitution). We asked him in detail about the future of Tech Agency and recent new developments.

Funding from existing partners

Takao Asayama revealed to us that TechBureau has received funding to the melody of JPY 720 millions, which is worth about USD 6.half dozen million. The funding comes from their alliance partners such every bit FISCO, Infoteria, SJI, OKwave, MoneyPartners Group, arara, in addition to 2 VCs, NTVP (TechBureau's seed investor) and Hiroshima VC. Infoteria is responsible for providing middleware that connects legacy systems and blockchain. SJI integrates Mijin into depository financial institution systems. OKwave creates user-auth with Mijin, and MoneyPartners will introduce direct bitcoin deposits into prepaid MasterCards. Takao Asayama says, "We as a potent brotherhood, will introduce and implement Mijin blockchain, and our bitcoin commutation engines to their services / products."

Takao Asayama, CEO of Tech Bureau Corp (Zaif Exchange)

TechBureau plans to Catapult alee

TechBureau already has a domestic Bitcoin substitution called Zaif. They provide services like auto-debit from depository financial institution accounts to enable accumulation. Takao told the states that this year there are plans for Zaif to become multilingual, so that foreign customers can take advantage of the Japanese Yen marketplace. Mijin, according to him, has been developed keeping the global market in heed from day ane.

Cointelegraph as well got exclusive access to a printing release ahead of time that indicates that TechBureau, in sync with open up source project NEM, will be forming an alliance to share a new Mijin based cadre called Catapult. This new common core would accept an entirely reworked architecture. The new features include:

  • Migration from Coffee to C++ for improved performance
  • Optimization of memory management
  • Comeback in flexibility
  • Improvement in throughput
  • Improvement in overall performance
  • Comeback in stability
  • Switching from http protocol to socket communication
  • Optimization of network communication

According to the press release made available by TechBureau, "Mijin and NEM shall exist creating still another first in the cryptosphere. Catapult will mark the showtime of an enterprise class approach. Information technology will create a new standard of blueprint and is unprecedented in the blockchain domain, lifting its bar. This new engineering will be provided not just to Mijin products, but as well extended to the NEM open up source projection."

Mijin can conquer the global private blockchain market

Co-ordinate to TechBureau's Takao Asayama, Mijin is a very unique private blockchain product. They accept already demonstrated that Mijin can be applied for a depository financial institution ledger system in Spring. Takao Asayama is confident in the system'due south secure handling of disquisitional fiscal systems. He says, " We created a ledger system on 300 bucks a month AWS environment and that did run a solid ledger organisation equivalent to thirty-50 million dollar worth ledger organization.  As I was claiming for over vi months, Information technology was actually "zero downtime".  That bank even couldn't take down the ledger system run by half-dozen nodes, and hackers they hired couldn't manipulate the ledger.  We have proven individual blockchain is more than worth something."

Asayama is confident that the Series A funding volition enable TechBureau to launch a global distribution of Mijin. He would like to attract more investors from Europe and USA so that they can accelerate the stride of TechBureau'south concern fifty-fifty faster. He thinks that soon Mijin and Zaif will be merged. While Mijin volition be responsible for ledger systems for various businesses, Zaif will be, in his words, an 'ultimate crypto/token/JPY exchange engine'. He told us that TechBureau tin build an exchange engine into a private ledger and everyone tin handle any tokens or cryptos for the business without the headache of complicated evolution or security.

Information technology is quite possible that TechBureau is well-nigh to revolutionise the Blockchain business and extend the functionality of the engineering science behind Bitcoin to the mainstream financial sector. As Takao Asayama says:

" We also would like to partner with major exchanges in each surface area, to enable mijin to handle more currencies other than JPY.  Japanese ninja Mijin is now set up to conquer the global private-blockchain market. "