Solution

'Japan's Digital Shinkansen'

'MIZUHIKI: The Japan Chain' (hereinafter referred to as MIZUHIKI) is an Ethereum Equivalent Layer 1 (L1) blockchain, validated onshore in Japan by Japanese industrial leaders, and optimized for Japanese regulations and consumer protections. MIZUHIKI is explicitly designed to avoid exposure to foreign regulations or undue outside influence.

In addition to being protected from outside influences, MIZUHIKI is committed to streamlining the Japanese blockchain ecosystem and overall customer experience by focusing on consumer pain points in the application layer that can be better addressed at the L1. Our primary target areas are those processes that are expensive, cause customer inconvenience, or are repetitive across applications.

Initially, we are aiming to minimize the burden of eKYC in the application layer for digital payments, decentralized autonomous organizations (DAOs) and other regulated on-chain use cases.

We will continuously look for other areas where efficiencies and consumer delight can be unlocked.

Just as the Shinkansen leveraged the existing paradigm of rail travel with exceptional speed and world-class service, MIZUHIKI augments the Ethereum blockchain technology with embedded digital protocols to ensure MIZUHIKI users can transact both safely and legally at costs unparalleled by existing services.