Japanese Crypto Exchange BitFlyer Launches Blockchain Consulting Service

BitFlyer, one of the largest cryptocurrency exchanges in Japan and one of the largest Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term brokers in the world, has announced the launch of a new consulting service offered by BitFlyer Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Read this Term, its blockchain division.

The announcement, which was made via press release, said that the company’s newest service offering comes as the result of “numerous inquiries” (translated quote).

The announcement also said that the new service will focus on businesses that may be wondering, “why blockchain?”, and that it will assist businesses in formulating their business concepts, planning, project management, and business development.

The service will also help companies who are exploring new kinds of blockchain applications: “there is a need to consider ‘creating new businesses’ and ‘business innovation’ utilizing blockchain,” the press release said, specifically mentioning finance, manufacturing and distribution, and technology and communications as possible areas where newer applications of blockchain could be explored.

BitFlyer’s blockchain consulting services comes in addition to its four other core services, which include RegTech, BaaS (blockchain as a service), Joint Business, and miyabi Core services.

Blockchain's viability has been questioned, but its use cases are still growing

While the functionality of blockchain technology has often been called into question by a number of skeptics, the technology still seems to be gaining popularity in a number of industries.

For example, clothing manufacturing and retail giant H&M announced that Cos, its luxury subsidiary, has reportedly partnered with blockchain platform VeChain to provide supply chain tracking data to customers who may be concerned about ethical manufacturing processes.

The Dole Food Company also recently announced the development of a five-year blockchain plan for better food safety, which includes “advanced traceability solutions” in its tropical fruits, fresh vegetables, and diversified product divisions.

In China, the government is working on developing a blockchain-based national currency.

bitFlyer EU was recently found to be one of the most expensive cryptocurrency spot exchanges by The Block’s Larry Cermak.