Japan’s Tech Bureau Corp to Focus On Zaif Crypto Exchange & Blockchain Business
Tech Bureau, The Japan Company, Spins Off The Blockchain And Software Sales Business
The Japan-based cryptocurrency oriented and blockchain company, Tech Bureau Corp has just announced that it would be spinning off its software sales and also there blockchain solutions division into their Tech-Bureau holdings. Once the spin-off has taken place, the parent copy will ensure it will be focusing on the exchange of Zaif.
The Tech Bureau was founded about four years ago, and ever since it has been able to develop a state of the art blockchain software COMSA and Mijin. It was designed to be a solution for the various companies in the market in helping to raise the needed funds through the initial coin offerings and also the asset tokenization.
The Tech Bureau Holdings which has been considered to be a new entity will mainly focus on the Mijin, sales businesses and also offer blockchain solutions; this is including the COMSA Hub and COMSA core. The Tech Bureau Holdings will directly run the other international branches in the company that is the Tech Bureau North America and also the Tech Bureau Europe.
Zaif has been established as one of the cryptocurrency exchanges that has been licensed in Japan. And at the moment it accounts for about a quarter of the trading volume that is in the NEM, which is the 16th largest crypto coin you will find on the Coinmarketcap.
A Small Glitch Experienced In Zaif
In the month of February, there was a small glitch that was experienced on the Zaif system that enabled the various customers on the platform to get some free Bitcoins. At this time several users were able to buy the coin at a zero-yen value in a 20-minute window. This error took place after the major hack of the Coincheck, which is another crypto exchange in Japan.
Coincheck, Zaif and many other exchanges after the hack went through a thorough inspection by local regulators, to ensure such an error does not happen again. As for the Mijin, the Tech Bureau product, it has been designed to use the NEM protocol; thus it has several applications in the store.
A Partnership Was Formed
Last year, the Hitachi, which is also among the members of the Hyperledger consortium went ahead to partner with the Tech Bureau. The partnership was to enable them to use the Mijin product for the point management solution, which has been able to get about 150 million users so far.