Japanese Firms Hit by Shortage of Blockchain Experts

Japanese Firms Hit by Shortage of Blockchain Experts

In the race to adopt Blockchain technology and cut costs, financial firms have to deal with multiple challenges. Japanese financial firms have been hit by the most basic of them of all – a shortage of technical experts. Japan – regulation a positive. The Japanese government has been active in regulating cryptocurrency-based companies. A new law has been passed regulating Bitcoin exchanges, after the Mt Gox debacle. The Japanese Government passed a bill in May 2016, which recognized that virtual currencies have a function similar to money. Japan has also eased regulations, now allowing....


Related News

Japanese Firms Hit by China’s Capital Control May Flock to Bitcoin

For example, if a foreign company wanted to export items to China, they will not be able to do so due to capital control. The financial turmoil in China is far from over by the look of things, and tighter capital control over foreign companies in the region are being enforced. This has a crushing effect on Japanese companies, as their Chinese subsidiaries struggle to get payments across. As it becomes harder for the Chinese to move funds in and out of the country over the past few months, all companies dealing with Chinese subsidiaries will be affected at some point. For Japanese firms,....

Japan May Be Left behind in Blockchain Race

Lack of experts may dash Japan’s hopes of becoming a vibrant competitor in the blockchain technology sector at the world stage particularly for financial uses. Japan is the world’s second largest developed economy with an enviable record as one of the nations that have pioneered technological development. However, Japanese financial firms’ efforts to adopt blockchain technology that could save billions of dollars in backroom processing and revolutionize the finance industry doesn’t seem to be yielding much fruit due to the shortage of startup companies, according to Reuters. The country....

Vietnam’s Blockchain Industry Faces Shortage of Talent

The booming blockchain sector in Vietnam is having to deal with a serious deficit in specialists, local media revealed. Despite the large number of software engineers in the country, those with blockchain expertise meet less than a fifth of the current demand, with businesses already looking for talent abroad. Fierce Competition for Blockchain Experts Among Vietnamese Companies Vietnam is facing a lack of human resources hampering the advance of projects in its rapidly developing blockchain industry, the English-language portal Bizhub reported. The Southeast Asian country has plenty of....

Japanese Gaming Giant Sega to Launch First Blockchain Game

Sega, one of the largest Japanese gaming companies, has announced that it will launch its first blockchain game in collaboration with Double Jump Tokyo, another Japanese development company. The game, which is based on Sega’s Sangokushi Taisen franchise, will be built using Oasys, a Japanese scaling-focused project, to support its blockchain elements. Sega to Launch First Blockchain Gaming Project Sega, one of the most influential Japan-based gaming companies, has announced that it will build its first blockchain-based game. The project, which will be built by another....

Vietnam Businesses Urge for Blockchain Training of Students and IT Specialists

Members of the expanding blockchain sector of Vietnam have called on government and educational institutions to turn more attention to the deficit of talent. With the shortage of qualified personnel being a global challenge, they say the country needs to address the lack of training. Industry Players Highlight Growing Need for Blockchain Experts in Vietnam Vietnam is not the only nation in search of blockchain developers with the deficit seen as a common problem for countries like the United States, China and India, too. When it comes to the new technology, Vietnam is for the first time in....