Japanese crypto operator Fisco is expanding it’s operations

Ritika Sharma
Ritika Kumari Sharma is an Economics Honors graduate from the University of Calcutta. She is completely into finance and believes that cryptocurrencies are the future. She is an enthusiast learner about the cryptocurrency and blockchain technology.
  • FISCO located new use of their token, and commenced staking offerings and on-line shareholder conferences
  • FISCO, that operates the Zaif crypto exchange, desires to issue a collection of latest apps
  • According to FISCO’s scheme this app will allow all stock market listed companies in japan to govern a way and distribute benefits

Japanese economic information provider issuer and trade operator FISCO, has doubled down on crypto with their new plans. They located new use of their token, and commenced staking offerings and commenced to offer software programs for on-line shareholder conferences with the use of blockchain-powered vote casting technology.

What new plans?

Per Coin Post, FISCO, that operates the Zaif crypto exchange, desires to issue a collection of latest apps, with development slated to be completed in October and roll out of the same will take place in November.

The firm mentioned that it intends to unleash a smartphone app that produces use of smart contract technology which will enable token holders to stake their FISCO coin (FSCC) holdings which is operated by them, and is tradable in Zaif’s platform. They also have started to develop a “A Virtual Shareholder Meeting App” and will also work on “Shareholders Benefit App”.

The company superimposed that it intends to develop a subsidiary dedicated to dapps, tentatively named as FDAP, which will be a joint-venture project that may together accommodate IT development firm Kusim and CAICA Technologies, a fintech-focused subsidiary of Tokyo-based data service cluster CAICA.

Virtual Shareholder Meeting app

Several months back, Japanese BitFlyer also unveiled the launch of its latest blockchain offering for its annual shareholder meeting, because of COVID-19 outbreak. In the app shareholders can ask questions, and issue their vote via online video links. This can help them to address the problem of securing selection and confirming identity.

Shareholder Benefit app

According to FISCO’s scheme this app will allow all stock market listed companies in japan to govern a way and distribute benefits among the shareholders by means of FISCO coin (FSCC).

Business scheme

In a press release issued on June 9, 2020, FISCO announced the start of support operations for hybrid virtual General Meeting of Shareholders (participative type) for publicly listed companies based on a collaboration between FISCO, CAICA Inc. and Kushim Inc. (see). FISCO’s development partners for this initiative are Kushim Inc. (“Kushim”: TSE2-listed, ticker code 2345; Head Office: Minato-ku, Tokyo; President & Representative Director Hiroki Nakagawa) and the CAICA subsidiary CAICA Technologies Inc. (Head Office: Minato-ku, Tokyo; President & Representative Director Shin Suzuki).

This month FISCO has launched a legal case in the United States, incriminating one of the globe’s largest BTC digital currency exchanges Binance, for allowing hackers to stole bitcoin. This happened in 2018 when hackers withdrew around 7000 BTC by way of a single transaction.

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