An overview of the current blockchain landscape in Japan in 2024
In 2024, Japan’s blockchain landscape is characterized by significant support from both the government and private sector. The government of Japan has put in place a comprehensive regulatory framework that offers precise guidance for the operations of cryptocurrency and blockchain technologies. This initiative has cultivated a market that is both secure and transparent.
With the government’s backing, the sales value of services utilizing blockchain technology in Japan is expected to soar to 724.76 billion Japanese yen by 2025, showcasing a thriving and expanding market.
Regarding Blockchain development companies in Japan, they focus on several key areas. In financial services, they are creating efficient and secure solutions for payments, remittances, and digital asset management. The supply chain and logistics industries are benefiting from blockchain solutions that enhance transparency and traceability, thereby streamlining processes and reducing fraud activities. The healthcare sector sees blockchain being used to safeguard patient information, enhance data interoperability, and efficiently manage medical records. Additionally, the utilization of smart contracts in real estate and legal sectors is simplifying transactions and legal procedures, thereby increasing efficiency and reducing intermediary involvement.
This positive environment signals the rise of new blockchain enterprises within Japan, poised to leverage blockchain’s potential in 2024 and beyond. Looking ahead, the future of blockchain development companies in Japan appears promising. Strong government support, a collaborative ecosystem, and a focus on innovation position Japan as a leader in the global blockchain industry. Continued efforts to address technical challenges and increase adoption will further strengthen Japan’s blockchain landscape, ensuring its ongoing growth and success.
That promising Blockchain landscape in Japan positions the country as a reliable choice for businesses seeking blockchain development vendors. In the next part, we will explain why it is a reliable choice in more detail.
Why choose Japan to be your blockchain development partner?
Following our exploration of Japan’s blockchain landscape, it’s clear that the country is positioned to be a promissing leader in this technology. But why should businesses consider Japanese blockchain companies as their blockchain development partners? The answer lies in Japan’s strategic approach to innovation, regulation, and the application of blockchain technology across various sectors.
Government commitment to blockchain and web3
Japan is positioning itself as a leader in blockchain and Web3 technologies. The government’s proactive stance, highlighted by initiatives like the Web3 white paper, underscores its dedication to fostering a robust blockchain ecosystem. This policy support creates a favorable environment for both startups and established businesses.
Advancements in financial services
Japan’s financial sector has significantly advanced in blockchain adoption. Major banks are exploring blockchain-based solutions for payment systems, identity verification, and smart contracts. These innovations aim to enhance efficiency and security, potentially revolutionizing traditional financial processes. The country’s focus on decentralized finance (DeFi) underscores its commitment to leading in blockchain financial services.
Diverse applications across industries
In Japan, blockchain technology extends beyond the financial sector. It has been explored significantly in areas like healthcare, enhancing data integrity and patient privacy and improving efficiency and transparency in public services. This multi-sector adoption showcases the versatility of blockchain in addressing various industry challenges.
Supply chain transparency and traceability
Japan’s dedication to quality and safety in agriculture and retail drives its exploration of blockchain-based supply chain solutions. Blockchain technology ensures product transparency, traceability, and authenticity, enhancing consumer trust. Businesses can guarantee the origin, quality, and safety of their products, aligning with Japan’s high standards for consumer protection.
Collaborative ecosystem
Japan’s blockchain community thrives on collaboration and innovation. Events like Tokyo Nextech Week bring together industry leaders, policymakers, and innovators, facilitating networking and idea exchange. This collaborative spirit encourages local and international partnerships, making Japan an ideal partner for global blockchain projects.
Japan’s strategic initiatives, robust regulatory framework, and commitment to technological advancement make it a prime location for blockchain development. Whether you are a startup or an established enterprise, partnering with Japan offers access to a dynamic market, robust infrastructure, and a collaborative environment conducive to innovation.
Top 25+ newest blockchain companies in Japan for businesses this year
In the previous section, we explored why Japan is poised to shape the future of blockchain. Now, let’s look at the top 25+ newest blockchain companies in Japan driving this innovation. These companies lead the way in enhancing security, transparency, and efficiency across various industries.
| Company name | Client Focus | Blockchain Focus | Pricing | Ratings |
|---|---|---|---|---|
| 1. Synodus | – Medium Business (50%) – Small Business (35%) – Enterprise (15%) | 10% | $16 – $30 / hr | 5/5 (Clutch) |
| 2. Soramitsu | – Small Business (80%) – Medium Business (20%) | 80% | $25/hr | Contact for details |
| 3. FPT Software | Contact for details | 10% | < $25 / hr | Contact for details |
| 4. Amela Technology | – Medium Business 50% – Small Business 35% – Enterprise 15% | 25% | < $25 / hr | 5/5 (Clutch) |
| 5. KAOPIZ SOFTWARE | – Medium Business 40% – Enterprise 30% – Small Business 30% | 15% | < $25 / hr | 5/5 (Clutch) |
| 6. VMO JAPAN | – Medium Business 40% – Small Business 40% – Enterprise 20% | 10% | < $25 / hr | Contact for details |
| 7.CodeComplete Vietnam | Contact for details | 10% | < $25 / hr | Contact for details |
| 8. BlueOC | Contact for details | 10% | < $25 / hr | Contact for details |
| 9. NTT DATA | – Small Business (70%) – Medium Business (20%) – Large Business (10%) | 40% | < $25 / hr | Contact for details |
| 10. IIST Co., Ltd | Contact for details | 10% | < $25 / hr | Contact for details |
| 11. Quoine | – Small Business (60%) – Medium Business (40%) | 30% | < $25 / hr | Contact for details |
| 12. Ekotek | – Medium Business (75%) – Enterprise (15%) – Small Business (10%) | 40% | $25 – $49 / hr | 4.9/ 5 (Clutch) |
| 13. NEWWAVE SOLUTIONS JSC | Contact for details | 10% | $25 – $49 / hr | Contact for details |
| 14. SOTATEK JSC | – Medium Business 50% – Enterprise 25% – Small Business 25% | 45% | $25 – $49 / hr | 5/5 (Clutch) |
| 15. VAULDEX | – Medium Business 50% – Small Business 40% – Enterprise 10% | 20% | $25 – $49 / hr | 5/5 (Clutch) |
| 16. Hitachi | – Small Business (80%) – Medium Business (20%) | 20% | $25 – $49 / hr | Contact for details |
| 17. Miichisoft Japan | – Small Business (90%) – Medium Business (10%) | 25% | Contact for details | Contact for details |
| 18. CodLUCK Technology. JSC | – Enterprise (45%) – Medium Business (35%) – Small Business (20%) | Contact for details | $25 – $49 / hr | 4.9/ 5 (Clutch) |
| 19. Fixer | Contact for details | 10% | $100 – $149 / hr | Contact for details |
| 20. Emurgo | – Medium Business (60%) – Large Business (20%) – Small Business (20%) | 10% | Contact for details | 5/5 (Goodfirms) |
| 21. Consensus Base | Contact for details | 100% | Contact for details | Contact for details |
| 22. PHOTON | Contact for details | 30% | Contact for details | Contact for details |
| 23. DevSamurai | Contact for details | 10% | Contact for details | Contact for details |
| 24. Creatip global | Small Business (100%) | 10% | Contact for details | Contact for details |
| 25. Compdeep | Small Business (100%) | 40% | Contact for details | Contact for details |
Here’s a detailed look at Japan’s top five blockchain companies: Synodus, Emurgo, Fixer, Vauldex, and Soramitsu. These enterprises stand out because of their exceptional skills, wealth of knowledge, and productivity.
1. Synodus
Why Synodus tops this list
Synodus stands out as the top blockchain company in Japan due to its comprehensive and customer-centric approach. They excel in delivering end-to-end blockchain solutions with a clear roadmap from consultation to development and maintenance.
- Competitive Pricing: Synodus is appropriate for enterprises of all sizes since it provides excellent services at competitive costs.
- Clear Construction Roadmap: From initial consultation to development and ongoing maintenance, Synodus provides a structured, transparent process to ensure desired results.
- Professional Capacity: With a strong portfolio of successful blockchain projects, Synodus demonstrates its expertise and proven track record.
View Synodus Blockchain Portfolio
- Consulting Ability: Synodus acts as a strategic partner, leveraging deep market understanding and a professional team to offer insightful and effective consultations.
- Effective Communication: Tech leads and project managers proficient in English (B2-C1 level) ensure smooth and clear communication throughout the project lifecycle. Their excellent customer care keeps clients informed and supported from the first meeting to the maintenance phase and beyond.
Explore how Synodus can revolutionize your blockchain projects with its comprehensive and customer-focused solutions.
2. Emurgo
Emurgo is a global blockchain technology company known for its work on the Cardano blockchain. They provide enterprise-grade blockchain solutions and are heavily involved in research and development.
Pros:
- Strong emphasis on R&D and innovation.
- Extensive experience with enterprise and governmental projects.
- High-level expertise in Cardano blockchain solutions.
Cons:
- Higher cost compared to other providers.
- Focus primarily on Cardano, which may limit versatility for some projects.
3. Fixer
Fixer is a prominent blockchain development company specializing in custom solutions and blockchain integration for enterprises and SMEs.
Pros:
- Expertise in custom blockchain development and integration.
- Strong track record with enterprise clients.
- Focus on delivering secure and scalable solutions.
Cons:
- Less experience with decentralized applications (DApps) compared to others on the list.
- Potentially higher costs for fully custom solutions.
4. Vauldex
Vauldex offers a wide range of blockchain solutions, focusing on cryptocurrency exchange development and security solutions for blockchain projects.
Pros:
- Specializes in secure and robust cryptocurrency exchanges.
- Strong focus on security solutions, essential for blockchain projects.
- Innovative approach to blockchain technology.
Cons:
- Primarily focused on financial and exchange-related projects.
- Limited portfolio in other blockchain applications.
5. Soramitsu
Soramitsu is known for its work on digital currency and payment systems, providing blockchain solutions for financial institutions and governments.
Pros:
- Extensive experience with digital currency projects.
- Strong partnerships with financial institutions and government bodies.
- Focus on scalable and secure payment systems.
Cons:
- Specialization in financial sector may limit application in other industries.
- Higher costs associated with their niche expertise.
These five companies are at the forefront of blockchain innovation in Japan, each offering unique strengths. Synodus is particularly noteworthy for its comprehensive approach and excellent customer care, making it a top choice for businesses seeking reliable and effective blockchain solutions.
If you’re looking to harness the power of cutting-edge blockchain technology, partnering with one of these leading companies can ensure successful implementation and ongoing support.
What to consider when choosing a blockchain development company in Japan?
Choosing a blockchain development company in Japan requires considering several factors similar to choosing one anywhere else, but with some added points for the Japanese market. Here’s a breakdown of key things to consider:
General factors:
- Experience and expertise: Look for a company with a proven track record of successful blockchain projects. How long have they been around? What types of projects have they done (similar to yours ideally)? Have they worked in your industry before?
- Services offered: Does the company offer the specific services you need? Some companies specialize in custom solutions, while others offer BaaS (Blockchain as a Service). Ensure their offerings align with your project goals.
- Technology and platform: Different blockchain platforms have different strengths and weaknesses. Make sure the company has experience with a platform that suits your needs. Research the latest technologies and choose a company that stays updated.
- Reputation and customer satisfaction: Look for a company with positive reviews and testimonials. Check online reviews and ask for references if possible. A good company will be committed to high-quality work and client satisfaction.
Japan-specific factors:
- Regulation and compliance: Japan has a relatively strict regulatory environment for blockchain. Choose a company familiar with Japanese blockchain regulations to ensure your project complies.
- Language and cultural understanding: Considering the language barrier, clear communication is crucial. Look for a company with strong English communication skills or experience working with international clients. Understanding Japanese business culture can also be beneficial for a smooth collaboration.
- Local market knowledge: The Japanese blockchain market has its own trends and considerations. A local company might have better insights and connections within the Japanese market, which could be valuable for your project.
By carefully considering these factors, you’ll be well on your way to choosing the right Japanese blockchain development company for your project.
Interested in how blockchain is transforming industries across the globe? Discover now!
Conclusion
Our list of the top 25 blockchain companies in Japan showcases how cutting-edge technologies can transform specific sectors into thriving business solutions. To make the most of these opportunities, it’s crucial for businesses to thoroughly research and understand the technologies, market trends, and strategic plans of these companies. This careful evaluation is key to making informed and successful decisions.
Although there is a lot of promise when partnering with Japan’s leading blockchain startups, achieving the full benefits will take careful consideration and strategic planning. Visit Synodus’ official website to discover more about their offerings and potential collaborations if you’re interested.
FAQ
Japanese companies offer a wide range of blockchain development services, including smart contract development, DApp creation, platform development, and consulting.
Costs vary depending on project complexity. However, the average cost ranges from $18 to $120 per hour. (source)
Research the company thoroughly. Look for online reviews, check their portfolio for similar projects, and verify their team’s credentials. Be wary of unsolicited offers or companies promising unrealistic returns. When working on contracts, use clear language and escrow services to hold funds securely. Don’t hesitate to consult a lawyer specializing in blockchain technology.
Japan regulates blockchain development under the Payment Services Act (PSA) and security tokens under the Financial Instruments and Exchange Act (FIEA). This means you’ll need to comply depending on your project.
