Japan Open Chain price

JOC

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Japan Open Chain (JOC) is a blockchain designed with a pragmatic balance between decentralization and scalability. Through its operation by reputable Japanese enterprises, JOC guarantees high reliability while significantly enhancing transaction speed.

Furthermore, JOC is an Ethereum-compatible public blockchain that operates under the politically and legally stable Japanese jurisdiction. For businesses and financial institutions seeking a secure Ethereum-compatible blockchain, JOC presents a highly reliable and safe option.

JOC ensures a high level of security, stability, and trustworthiness by being operated by transparent and reputable Japanese companies while strictly adhering to Japanese legal and compliance standards. This framework effectively mitigates risks such as hacking and unauthorized blockchain forks.

The validators of JOC consist of highly trusted corporations and institutions in Japan, including Sony Group, NTT Group, Dentsu Group, and leading universities. Their involvement further enhances the security and reliability of the network.

JOC delivers exceptional transaction speeds, even for complex smart contract executions such as ERC-20 token transfers, achieving approximately 400 transactions per second (TPS). For simple gas token transactions, the throughput can reach up to 2,000 TPS, making it 10 to 100 times faster than Ethereum’s mainnet, which processes only 15 TPS.

This high-speed performance ensures cost-effective transactions, making JOC an optimal choice for businesses and developers requiring efficiency at scale.

JOC supports the issuance of NFTs, tokens, and stablecoins, enabling diverse blockchain applications.

A notable example is the e-Residency “e-Kaga Citizen ID” initiative in Kaga City, Ishikawa Prefecture in Japan, where NFTs are being integrated into local governance through pilot projects. Additionally, JOC is conducting stablecoin trials in collaboration with Japanese financial institutions, ensuring legal compliance and real-world usability for digital assets.

By facilitating secure and regulated blockchain solutions, JOC is driving innovation in both the public and financial sectors.