(7) June 12, 6:00 pm Teikoku (Imperial) Hotel, Tokyo, Japan.
June 12, 6:00 pm Teikoku (Imperial) Hotel, Tokyo, Japan. People started to gather to get the latest information at the 100-year-old hotel that opened its doors in 1890. They were eager to participate in the meet-up (off-line event) with the theme of ‘Block Chain and Contents’ held by the POPCHAIN Foundation, which introduced the virtual currency POPCHAIN CASH.
Most of the attendees who were there to listen and ask questions to the Korean POPCHAIN Foundation’s business plan in the approximately 1074 square meter conference hall were Japanese, but Chinese and Malaysian officials, speaking their own languages, also expressed their keen interest in the new business model. POPCHAIN is a project that started to solve problems such as the monopoly of the existing content distribution market by using blockchain technology.
On this day, the POPCHAIN Foundation introduced the details of the project and revealed that it will soon be listed on Bit-Z, an overseas virtual currency exchange, responding to the expectation of attending investors.
Participants in this seminar held in Japan listened carefully to the details of the project while also showing deep interest in the Korean businessman entering the Japanese market. Japan is known to be very enthusiastic about cryptocurrencies; there are about 20 virtual currency exchanges and also a girl group based on a cryptocurrency theme who debuted last year.
One Japanese attendee from Osaka asked what kind of business POPCHAIN would set up with Japanese enterprises. Jinhwan Lim, POPCHAIN’s Director of New Business, answered, “We are continuing our business cooperation discussion considering the fact that Japan is a big content powerhouse.” “We will inform you of good news as soon as possible,” he added.
In fact, it is said that the POPCHAIN Foundation met officials of a Japanese contents specialized company GAINAX, represented by an animation called Neon Genesis Evangelion, in private for discussion the next day after the meet-up. Nobuyuki Takahashi, CEO of GAINAX, has also attended the meet-up held by POPCHAIN and gave a congratulatory speech.
An official of POPCHAIN said, “We have met GAINAX officials and agreed on collaborating to construct the future of the block chain.”
Other Japanese audience members were interested in hearing if POPCHAIN would be listed on any of the Japanese virtual currency exchanges. POPCHAIN clarified that its policy is to be listed firstly in Great China Region and Korean exchanges, but has not ruled out the possibility of being listed on Japanese exchanges.
POPCHAIN also presented a possibility for a Chinese, Korean, and Japanese collaborative business model while communicating with the participants. Sangwon Son, representative of POPCHAIN, said, “Even though Korea, China and Japan are close neighbors, there exists few projects that these countries have done together,” “POPCHAIN will play the role of bridging the technology potential of China and the content of Japan,” he said.
At this event, we could also assume some of the reasons of the Japanese businessmen’s interest in virtual currency through the local people met at the ceremony.
Mr. Nakano Tepei, CEO of NAMCOIN, a virtual currency in the medical field, said, “We have received 100 million KRW from the government as a subsidy for innovative start-up business model, but it was insufficient to grow our innovative business more rapidly. The amount of venture capital invested in the early-stage companies is also very low, from 200 million KRW to 300 million KRW…Issuing virtual currency can solve such difficulties quickly,” he said.
He added, “It is true that people are investing in virtual currencies in speculation because of their price volatility. But it is also true that business operators can now raise good business with the capital.” “If the businesses are to create a firm foundations with the funds collected, we can ultimately create a virtuous cycle that will help investors as well as service users.”
Since money is generated by virtual currency, while everyone can have the opportunities based on the investors and businessmen gathered in the market, it can be interpreted that the contents of the actual business and executive power are the keys to keeping the market hot.
## This is an article written by journalist Dong-Hoon Kim from Korean economy specialized media <BusinessWatch>.
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* POPCHAIN Korea Official Telegram : https://t.me/popchain_kr
* POPCHAIN Global Official Telegram : https://t.me/popchain_global
