A publicly listed company in Japan wants to contribute to block chain technology “sparking a value revolution in finance.”
A publicly listed company in Japan that is a shareholder of one of the country’s first crypto currency exchanges says it is exploring new use cases for its digital asset.
FISCO is planning to roll out lending for the FISCO Coin (FSCC) with multiple businesses set to be involved.
In time, FSCC will effectively become a governance token, meaning that those who own the crypto currency will have the final say on how DA apps evolve and improve
“In an era where the utilization of block chain technology promises to spark a value revolution in finance, FISCO aims to contribute to future possibilities based on advanced digital technology while cultivating sound asset markets,” the company said in a recent white paper.
One example includes a collaboration with other companies that is designed to ensure publicly listed companies can hold general meetings of shareholders virtually.
The ambition is to enable these events to be held over video conferencing services, with smart contracts driving the voting process.
Over time, it’s hoped that a number of publicly listed corporations will use this technology to deliver benefits to their shareholders, with a dedicated token as a medium of exchange.
When it comes to innovation in crypto regulation, Japan has been one of the more forward-thinking countries in Asia. Now, more than 20 crypto exchanges have been approved for operation by the country’s Financial Services Agency and a number of self-regulatory organizations also serve as a watchdog in the digital assets space.