Quantstamp Smart Contract Security Firm Goes to Japan with Nomura and Digital Garage Investments
Quantstamp, one of the top Y Combinator-backed firms, has announced their plans of setting up a limited liability company, in this case – Quantstamp Japan GK. This branch will be responsible for assisting Far-East enterprises and startups in firing up their operations using Blockchain technology. The development by this smart contract security firm comes in light of the significant investment from Digital Garage and Nomura Holdings.
We’re pleased to announce our formal expansion in Japan, with investment from Nomura Holdings and Digital Garage. 🇯🇵
We’ve seen strong interest for #blockchain technology in #Japan to date, and we expect this interest to continue to grow.
— Quantstamp (@Quantstamp) March 5, 2019
How Does Quantstamp Work?
Quantstamp uses a combination of computer-based analysis and reasoning tools to offer an array of services that aid in identifying, securing, and solving vulnerabilities in their smart contract technology. It is to be remembered that smart contracts remain a key component of the company's underlying blockchain technology.
What's more, it acts as a platform for users and developers to evaluate smart contracts for common vulnerabilities, in addition to as white-glove auditing which is a key element of securing large-scale blockchain-powered projects. And these services have been utilized in the past to secure more than $500 million worth of transactions.
“I am quite pleased to announce that Quantstamp's quest for formally expanding to Japan and the larger Far East,”
Richard Ma – the chief executive officer and co-founder of Quantstamp Inc – said in a press conference.
“We all know that Japan represents a key market as far the processing of digital payments goes.”
As such, it is safe to that Quantstamp is expanding its operation as a way of netting in the market for future smart contract-powered apps that will be launched in the Far East. Also, it is worth noting that blockchain technology is slowly but surely being absorbed in the financial world spectrum. As such, smart contracts are expected to play an increasingly significant role as far as managing and running such a sensitive industry is concerned.
“It is my belief that Quantstamp is well positioned to offer massive support for such a role especially now that they are working to introduce smart-contract technology on a conventional level,”
quips Chuzaburo Yagi – one of the senior most managing directors at Namura Holdings, a key investment partner in this venture.
Quantstamp is currently a leader in preventing security breaches via smart contract technology at some of the globe's top blockchain-powered companies. In addition, Quantstamp's engineering workforce is vastly experienced in formal verification, software security and static analysis.