Digital Garage collaborates with Blockstream on new blockchain solutions for Japanese market

Digital Garage (DG), a context company that covers web business advice, research, web creation, and enhancement, agreed with Blockstream to jointly develop a new blockchain-based platform and products for the Japanese market.

Japanese company Kakaku.com and financial services company Credit Saison will be joining the initiative to accelerate the developments and growths of varied value-based exchange programs and regional currencies. In the agreement between DG and Blockstream, DG will be working to accelerate the development of blockchain-based products at the ‘DG Lab’, an open innovation R&D organization.

DG Lab will be adopting Blockstream’s Sidechain technology for three mid and long term projects. The projects include; a Real-time Exchange System, a Regional Money System and Machine Automated Contracts platform. The focus of Real-time Exchange System will be on managing credit card loyalty points, digital currency and electronic money/prepaid values.

“Digital Garage has undertaken significant work to analyze bitcoin and next generation blockchain technology. I am impressed with both their technical and business understanding of what these new areas of technology mean for their business and for the Japanese market. With their new DG Lab, Digital Garage is well positioned in Japan to lead a wave of new innovation for payments and financial systems,” said Dr. Adam Back, CEO of Blockstream.

Blockstream is a leading cryptocurrency and blockchain applications development company which has played a significant role in the development of bitcoin. The company is also involved in the development of cutting-edge financial networks based on bitcoin sidechains.