Japan Open Chain (JOC) announces strategic partnership and investment from Bifrost

Japan Blockchain Infrastructure, which operates and manages the consortium for Japan Open Chain (JOC), a fully Ethereum-compatible public chain run by Japanese companies, has officially entered into a strategic partnership and investment agreement with Bifrost. This partnership aims to leverage cross-chain technology to expand blockchain networks and build an ecosystem that facilitates Web2 companies’ entry into the Web3 space.

This partnership will enhance JOC’s connectivity with the global cross-chain ecosystem, further accelerating the expansion of diverse blockchain business opportunities. By leveraging Bifrost’s technology and expertise, the practical application of Web3 in Japan will be promoted, and the JOC ecosystem is expected to achieve further growth.

About Bifrost

Bifrost Network is a cross-chain network specialized in aggregating and managing fragmented liquidity in one place, providing an environment where DApps can operate across multiple blockchains. The native coin, BFC, is used for transaction fees and governance participation, ensuring the network’s security through node operators and nominators. Bifrost utilizes its unique Cross-Chain Communication Protocol (CCCP) to connect Bitcoin, EVM, and non-EVM networks. Additionally, it introduces proprietary Oracle solutions and a Bitcoin Relay Protocol (BRP) to enable secure decentralized transactions. The Smart Executor enhances user convenience by processing multiple actions within a single transaction.

Main Areas of Collaboration with Bifrost

• Cross-Chain Technology Support
  JOC will leverage Bifrost’s technology to enhance interoperability between chains.
• Network Activation
  JOC will deploy DApps utilizing Bifrost’s BTCFi on its own network, aiming to revitalize the entire ecosystem.
• Bridge Deployment
  JOC will support the deployment of Bifrost’s bridge technology on the JOC chain to improve network interoperability.
• Joint Marketing Activities
  JOC and Bifrost will collaborate on marketing activities to enhance recognition in each respective market.

About Japan Open Chain

“Japan Open Chain” is a public, fully Ethereum-compatible (Layer 1) blockchain designed with a strong focus on practicality. Operated in compliance with Japanese law and in collaboration with leading enterprises and Web3 businesses, it provides a safe, fast, and cost-effective blockchain infrastructure accessible to users worldwide. It is specifically designed for optimal use in financial and business sectors.

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