Us-based Startup ConsenSys Collaborates With Hitachi for PegaSys Plus Sales in Japan

• ConsenSys, a global blockchain startup, joins hands with Tokyo-based Hitachi.
• The move is meant to provide PegaSys Plus to the Japanese market. 
• This comes as Crypto exchanges in Japan record an increasing number of users. 

On March 30, 2020, Tokyo-based Hitachi announced it would work in collaboration with U.S.-based ConsenSys to provide PegaSys Plus to the Japanese market. PegaSys Plus is a commercial license version of the ConsenSys product providing supplementary features and support. 

According to the report, Hitachi Solutions will be the first company in Japan allowed to conduct sales of blockchain software tech company ConsenSys’ product PegaSys Plus from April 1, 2020. 

ConsenSys founder and CEO Joseph Lubin commented on the collaboration between the two corporations:

“We think Japan has the potential to be one of the fastest-growing blockchain markets in the world over the coming years, and I am eager to drive that growth with Hitachi.”

Lubin added that his company is committed to bringing our stack of products to Japan and working with the best partner possible to make Japan a global leader in the space.

Hitachi offers solutions that provide complete support for the introduction, building, operation, and expansion of distributed applications using Pegasys Plus. 

ConsenSys Fostering Ehtereum Adoption

The recent partnership with Hitachi highlights ConsenSy’s commitment to promoting the use of the ETH blockchain in the enterprise. 

Just a few days ago, ConsenSys and EY announced the formation of the Baseline Protocol in collaboration with Microsoft meant to Make Ethereum Mainnet safer and more effective for enterprises.

The protocol will allow confidential and complex teamwork between enterprises without leaving any sensitive info on-chain.

Past approaches to blockchain technology have had difficulty meeting the highest standards of privacy, security, and performance required by corporate IT departments. Overcoming these issues is the goal of the Baseline Protocol.

The Baseline Protocol has already brought together more than a dozen companies and organizations that will form its technical steering committee (TSC), including AMD, ChainLink, Core Convergence, Envision Blockchain, and MakerDAO. 

This will help with the tokenization and decentralized financial services on the Mainnet in a way that doesn’t reveal corporate assets or activities to unauthorized parties. Also, it will make sure enterprise data is safe in the traditional systems.

Japanese Investors Taking Advantage Of Bitcoin Sell-Off 

In related news out of Japan, despite the recent BTC market crash, it seems that investors in Japan are increasingly registering new accounts in crypto exchanges as they attempt to but the dip. 

According to a popular blog post from a market analyst at the Japanese exchange bitbank, the number of new account registrations on their platform increased by nearly 40% just days after the catastrophic crypto market crash on March 12.

This could indicate that the Japanese blockchain and crypto market has potential, and this will only grow with the recent Hitachi- ConsenSys collaboration. 

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