Concordium Becomes First Overseas Platform To Join Japan Blockchain Association

Japan is a global blockchain leader, but here in the United States, the same cannot be said. We have a vibrant blockchain community but our regulatory environment is still very much in its infancy. That’s why we’re so excited to announce Concordium as the first overseas platform to join the Japan Blockchain Association.

The Japanese blockchain association has announced on January 20 that Concordium will be the first overseas cryptocurrency exchange to join the organization.

Japan’s government has recently joined the global cryptocurrency community by declaring plans to tax Bitcoin transactions. Tokyo-based Coincheck has committed to paying taxes on its profits 11 months after the hack that saw it lose 523 million NEM. Japan’s Prime Minister is now adamant about the government’s commitment to the new cryptocurrency. As of April 24th, 2018, the Japanese government has made it official that they will tax cryptocurrency transactions.. Read more about blockchain crypto and let us know what you think.

Zug, Switzerland, 23. June 2021,

Concordium AG is proud to be accepted as a full member of the Japan Blockchain Association. It is now the first foreign blockchain platform to join the association, which includes more than 120 domestic and foreign companies and organizations. The news comes a week after Concordium launched its enterprise blockchain backbone, which includes an integrated single identity protocol.

The Japan Blockchain Association (JPA) was founded in 2014 as the country’s first general association dedicated to the education and promotion of blockchain technology. From a small group of founders, JBA now includes global companies like Microsoft and Deloitte, as well as cryptocurrency companies like Kraken and bitFlyer.

Today Concordium joins them, becoming the first non-Japanese blockchain platform to do so.

Japan’s vision of blockchain and crypto currency regulation fits very well with Concordium’s regulated, transparent and sustainable blockchain. We are proud to join the Japan Blockchain Association and look forward to working with the group on activities that support the growth of Japan’s blockchain and crypto-currency ecosystem, said Lone Føns Schroeder, CEO of Concordium.

By joining the JBA, Concordium aims to achieve its goal of creating a stronger link between blockchain technology and the real world. By participating in JBA activities and collaborating with other members, Concordium hopes to promote the adoption and development of blockchain technology in the community.

Concordium welcomes the opportunity to expand its network into the Japanese blockchain community at an exciting time, following its recent launch on the mainnet. This launch comes after four successful test network deployments and means Concordium is now accepting enterprise developers to create production-ready applications. The platform’s single sign-on protocol uses a hybrid approach that combines zero-knowledge proofs on the network to ensure privacy and real identity verifiers off the network to ensure authenticity.

About Concordia

Concordium is a decentralized, resilient public blockchain that addresses the shortcomings of traditional blockchains through built-in user identification and zero-knowledge proofs designed to replace anonymity with privacy. This technology supports encrypted payments, enables competent authorities to identify users and allows users to verify the identity of counterparties.

Concordium’s blockchain is based on scientifically tested and peer-reviewed protocols, and is strongly cryptographically driven. The protocols were developed by scientists from the world’s leading universities in the field, in collaboration with the Concordium research group. The project is led and advised by executives from sectors such as banking, automotive, logistics, retail, energy and telecommunications. The company has also partnered with several prestigious academic institutions, including Concordium Blockchain Research Center Aarhus, Aarhus University, ETH Zurich and the Indian Institute of Science.

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About the Japanese Blockchain Association

The Japan Blockchain Association (JBA) aims to promote a sound business environment and protection system for users of blockchain technology and the cryptographic assets it supports, and to foster the development of the digital asset industry in Japan.

The activities of the JBA include facilitating interaction among members, identifying trends and addressing issues through subcommittees and task forces, and sharing knowledge and information. The JBA also analyzes barriers and challenges to innovation, organizes discussions, prepares voluntary recommendations and summarizes them into government proposals that serve as platforms for public-private partnerships.

Founded in 2014, JPA is the oldest association in Japan dedicated to the education and promotion of blockchain technology.


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