Tech Bureau’s mijin demonstrates on-chain assets modeling capabilities in collaboration with a Japanese utility company
Energy giant CHUBU Electric Power Co., Inc. eyes the global trend of blockchain deployment and sees benefits in adopting the mijin blockchain for the utility sector
TOKYO – August 2nd, 2017 – Tech Bureau, Corp. today announced the successful implementation of the mijin blockchain’s multiple contemporaneous asset token issuance feature in CHUBU Electric Power’s test that models future abilities to trade tokenized assets like user rights, points and facility access.
Anticipating the future of electricity retail sales between Japanese individuals, CHUBU Electric held a “gamified” validation test between 20 volunteer employees on a purpose-built mijin blockchain. The scenario was a virtual business model where individuals have greater control over their utility account functions.
From July 3rd to 28th, 2017, employees demonstrated the robust performance of mijin’s on-chain assets modeling, which allows contemporaneous exchanges of digital asset tokens within a secured environment.
On-chain assets modeling is a defining protocol level feature of mijin’s blockchain where the system can issue and handle multiple numbers of tokens at the same time. Users only need to define the asset contained in the blockchain, the other mijin protocols permit trade with data consistency and accounting.
By using Mijin, users can reduce design, development, and debugging costs; this permits a straight line progress to the blockchain define phase.
About the mijin blockchain
mijin is designed to meet versatile enterprise needs. mijin is an enhanced private blockchain product developed by Tech Bureau utilizing the NEM protocol that easily creates blockchain platforms on a peer-to-peer network. The blockchains can be used internally or in collaboration with partner companies in cloud-computing or other shared data environments.
mijin blockchain creates a secured data-sharing environment with zero downtime, non-falsification, and high performance while it reduces the cost of conventional infrastructure. mijin has been tested extensively as a high-throughput ledger engine in financial institutions, electronic money system, user authentication, land and property registration, logistics tracking, and food traceability.
About Tech Bureau, Corp.
Tech Bureau is a fintech and cryptocurrency company that develops software and services based on blockchain technology. Tech Bureau has developed mijin, a private blockchain software, and Zaif, a Bitcoin and cryptocurrency exchange platform.
Tech Bureau recently launched a one-stop solution “COMSA” that provides companies with consultation, expertise and solutions to support their very own ICOs and implement blockchain technology into their business practices.
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Source: Mijin.io