On Saturday Oct 5, RootstockLabs, a key contributor to the world’s first Bitcoin layer 2, Rootstock, and its P2P solutions layer protocol RIF, announced a partnership with BINARYSTAR, Japan’s largest blockchain accelerator, to boost the adoption of blockchain technologies in the region.
To kickstart the partnership, RootstockLabs delivered the keynote speech at BINARYSTAR’s Unblock Tokyo event on October 5th, which hosted hundreds of developers, entrepreneurs, and enterprise business leaders from the region.
Rootstock introduced the first smart contract platform to use the Bitcoin network. Even before its main net launch in January 2018, Rootstock consistently garnered attention for offering a second-layer protocol that leverages the security and reputation of the Bitcoin network and the functionality of smart contracts. It was recently ranked alongside Ethereum as one of the top platforms for smart contracts, in addition to being named a Blockchain Platform to Watch in 2020.
With offices in Latin America – which has more use cases and adoption of blockchain-related services than anywhere else in the world – RootstockLabs recently opened its Innovation Studio in San Francisco and a Rootstock Adoption Hub in Singapore, where they will focus on developing open, secure, and easy-to-use blockchain technology services and continue building global partnerships to drive adoption.
Ruben Altman, RootstockLabs’ Head of Adoption commented, “We’re very happy to partner with BINARYSTAR, a leader in the Japanese ecosystem. At RootstockLabs we are building an open-source, easy-to-use blockchain infrastructure to impact people’s lives and rethink known and new industries. With BINARYSTAR’s customer and innovation focused approach, we will work together to bring blockchain technology to real world users and businesses throughout Asia.”
BINARYSTAR will tag-team with RootstockLabs to pursue the same goal in Japan; to make blockchain more accessible to individuals, entrepreneurs, and enterprise businesses in the region. CEO of BINARYSTAR, Yuhi Ikegami commented: “The Rootstock project has been in the spotlight ever since the idea of Bitcoin × Smart Contract existed. We are very happy to be able to support such a project and to be able to introduce them to Japan. BINARYSTAR opened its doors this March to introduce Japanese businesses to protocols like Rootstock, that will have massive impact on the world. We are all excited and anticipate that through this partnership, RootstockLabs and BINARYSTAR can together accelerate the further expansion and adoption of Blockchain technology in Japan.”
About RootstockLabs
RootstockLabs is a key contributor to Rootstock, the first, biggest, and longest-lasting Bitcoin layer 2.
RootstockLabs specializes in pioneering innovative solutions within the blockchain space, empowering developers with funding, technology, and marketing support to expand the frontiers of decentralized technology and make Bitcoin work for everyone.
About Rootstock
Rootstock is the first, biggest, and longest-lasting Bitcoin sidechain. It is the only Bitcoin layer 2 that combines the security of Bitcoin’s proof-of-work, with Ethereum’s smart contract capabilities.
Rootstock is open-source, EVM-compatible, and secured by over 60% of Bitcoin’s hashing power, which makes it a gateway to a vibrant ecosystem of dApps that continues to evolve to become fully trustless.
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About BINARYSTAR
BINARYSTAR is Japan’s biggest Blockchain Business Hub, bringing together the best startups and global enterprise companies. After opening its doors in March 2019, BINARYSTAR has hosted a number of events and partnered with more than 50 corporations and organizations from around the world.
Based in the heart of Ginza, Tokyo, their mission is to assist clients and partners in fast and seamless blockchain-business integration. BINARYSTAR has recently begun supporting corporations that are developing new Blockchain-based business concepts outside their core business.
Through Unblock: Tokyo, BINARYSTAR aims to bring more awareness of Japanese entrepreneurship to global Blockchain companies, while simultaneously bringing them together to initiate a long-lasting relationship. Co-host Asia Blockchain Review is one of the biggest Blockchain media outlets in Asia.