When you think about Japan, do you picture their auto and electronics industries? If so, you’re probably not alone, as these industries have been the backbone of Japan’s economy for many decades.

That being said, were you aware that Japan is also known for its cultural exports?

Japan has a long track record of creating meaningful and diverse cultural ideas and dialogues—both within the country and across the globe. Japanese media is a balancing act of bizarre and familiar themes that intrigues people from all walks of life.

Most recently, Japan has set a project, Cool Japan, in motion.

The Ministry of Economy, Trade and Industry is working to promote the nation’s creative industries — specifically art, food, crafts, fashion, tourism and media — at home and overseas.

So far, the project is going very well, as locals and foreigners are becoming very involved in Cool Japan’s content, which gives them both something familiar and something new to explore.

Take otaku, for example, which is a group of people who are obsessed with Japanese anime and manga.

Cultural mainstays of Japan were already popular around the globe, but they’re currently expanding more rapidly than before as Japan promotes its cultural exports. This growth is only expected to continue or increase as Japan prepares to host the 2020 Summer Olympics.

The big player

To further the ideals of Cool Japan, the MINDOL project has been established. This project will create new content in anime, cinema, games, manga, and music that will help further Japan’s cultural dissemination.

Another unique feature of this project is its progressive model, which is based on the Ethereum blockchain. Although the choice to use blockchain is monumental for many reasons, it will highly support two facets of MINDOL — copyright management and transparency of votes and donations.

The team

The lead of MINDOL is its president, Fumihiro Fukukara. Throughout his long career, Fumihiro has worked for several companies in Wakayama and Tokyo. He’s also acquired and sold construction, renewable energy, food, fashion and beauty companies.

Koichi Ishizuka serves as the first adviser to MINDOL. As a graduate of Carnegie Mellon University, Aoyama Gakuin University, Harvard Business School and CEO of Photo Holdings Inc., Koichi provides invaluable insight and guidance.

Next on the list of world-renowned business leaders is advisor Neal Schaffer. Schaffer is a top social media influencer and consultant who’s been recognized by Forbes as one of the “Top 30 Social Salespeople in the World” and Adobe as one of “Marketing’s 10 Biggest Thought Leaders.” Schaffer is also an educator and speaker who has presented at hundreds of events on multiple continents.

In addition, the project also benefits from Gil Junger, a Hollywood film producer who’s been involved with numerous big-name projects. Most notably, Junger discovered Heath Ledger, who went on to star in  “10 Things I Hate About You” and “Dark Knight.”

He also recognized and promoted Julia Stiles, who played important roles in the “Bourne” film series. Additionally, Junger has played a pivotal role in both Megan Fox and Josh Duhamel’s careers.

Industry professionals

In addition to the initiatives’ all-star team, two individuals from the top companies in the media industry will also lend their expertise to the project. The first is Terry Ito from Locomotion, Inc., which is responsible for “Asakusa Yangu Yohinten,” “Minisuka Police,” “Kyuyo Meisai,” and “Ariehen Sekai.”

Tatsuya Ariga from Touch Planning Group, the creators behind the subculture projects “Tama New Town,” “Mote Fuku,” “Ani-son Café Yumegaoka,” “Akiba Na Renchu” and “Cho-D,” will also serve as an advisor.

Ongoing content plans

MINDOL is working tirelessly to discover, create and promote influencers across media platforms, from bloggers to vloggers. Since illustration is a mainstay of Japanese culture, the project is also searching for buried content and uncovered talent to create new illustrations.

Another notable project that’s currently being developed in conjunction with the Ministry of Defense is  “Sora No Oshigoto.”

The work will be an action youth fantasy martial arts cartoon. Once the animation is complete, manga and game character products will be developed and prepared for worldwide distribution.

What’s next?

This year, MINDOL has established several goals for themselves.

In August, they will officially be listed on cryptocurrency exchange. In October, they will announce the details of their animation project. Before December is finished, they’ll start figure production with a popular artist and doll maker.

In 2019, MINDOL will release both a boys’ and girls’ ver novel, as well as a girls’ ver comic series. To round things out, in 2020, they will sell their figures at the Wonder Festival Winter — the world’s biggest figure festival — and start playing their TV animation broadcasts and radio programs.

Expanding culture

To many, Japan is a marvelous dreamland that’s filled with fascinating technology.

Additionally, Japanese people are known to be clean, efficient and kind people who will go out of their way to help others. If all this wasn’t enough, Japanese culture is remarked to be some of the most fascinating on the earth.

It’s easy to see why Japanese culture is often an area of interest for many global citizens. With MIDOL, Japan’s ideas and cultural narratives will only be further disseminated, bolstering the country’s success.

This post is brought to you by The Cointelegraph and shouldn’t be considered investment advice by Tokencapmarket.

The Commonwealth Bank of Australia announced it has successfully completed a new blockchain-powered trade experiment at a global scale, as spotted by CoinDesk.

The bank confirmed it tracked a batch of 17,000 kilograms (approximately 37,000 pounds) of almonds using a private blockchain built on the Ethereum network.

The use of blockchain allowed the shipment to be tracked from its source, in Sunraysia in Victoria, Australia, all the way to its delivery in Hamburg, Germany. According to the announcement, CBA partners could check in on the location, temperature, humidity, and other metrics of the shipment at any point in real-time, regardless of where it was.

“Our blockchain-enabled global trade platform experiment brought to life the idea of a modern global supply chain that is agile, efficient and transparent,” CBA exec Chris Scougall said. “We believe that blockchain can help our partners reduce the burden of administration on their businesses and enable them to deliver best-in-class services to their customers.”

In 2016, CBA, Wells Fargo and Brighann Cotton successfully completed the first interbank transaction which made use of blockchain and smart contracts alongside the Internet of Things. With the CBA’s continued focus in technological development and continued investment in blockchain, it’s likely that we’ll see them develop further use cases in future.

How that blockchain future will look like remains to be seen, but with the successful tracking of almonds – as mundane as that may sound – the technology is one step closer to real-world use cases.

Despite calling the experiment a success, CBA has yet to roll out the technology for the rest of the world to use. But judging by this latest pilot, we might not be all that far away from that point.

CBA claims that participating nodes were placed at numerous strategic points across the supply chain, but it stopped short of explaining precisely how the nodes operate – or what would happen if one were to fail. But the concerns don’t end here. Factoring in that the system runs on Ethereum, it remains unclear how costly it is to log tracking data in the system, given that a transaction must be made for each instance of communication.

This news comes only a couple of weeks after the Bank of England announcedthat it would be exploring the use of blockchain, and distributed ledger technology in attempts to rejuvenate their Real-Time Gross Settlement system (RTGS). Clearly, the affordances offered by the tech are not going unnoticed by the world’s largest banks.

 

This post is brought to you by Coindesk and shouldn’t be considered investment advice by Tokencapmarket.

HD Group, a Kiwi tech company that started a decade ago, recently announced ‘crypto-equity’ tokens, a new twist in the ICO market. They’re offering 10% of their company shares in tokens that equate to real stock equity. When HD Group profits are declared each year, dividends will be used to buy back and burn tokens.

There have been many questions asked about HDCoin, the most asked question was “Is HDCoin a security token?”

We spoke to Ben Simpson, CEO of HD Group, here are the details:

Q: Is HDCoin a security token?

In a sense yes, because any security token is simply a cryptocurrency token that represents an asset, but it’s not a ST-20 token, rather a crypto token tradable and exchangeable as crypto-equity.

The token itself represents a beneficial interest in the HDCoin Trust which owns 100% of HD Coin Ltd, the company that has purchased a 10% shareholding in the HD Group that is issuing and distributing HDCoin tokens.

There are one billion HDCoin tokens issued as part of this ICO that represents a 10% shareholding in the HD Group.

Q: Is this token legal in New Zealand?

There are no regulations saying that such a token is illegal. Besides, we had consultation with our government market authorities. They made a few suggestions that we implemented, but otherwise were comfortable with our offer.

Q: How transparent is this ICO?

We have tried to disclose everything that a prudent investor would need to know before investing (like an information memorandum) we believe our level of ICO disclosure sets an industry standard to be followed.

Also, take a look at our Video Presentation: https://youtu.be/mQXVKdB1uSY

We will publish regular company updates, financials and news about our business activities, successes and failures. Like a traditional listed company, we hope this communication will keep upward stable pressure on HDC’s value as we pay dividends by burning the tokens. Now remember, our company & team hold NO tokens in reserve so there will not be any large dumping of tokens on the open market after our ICO.

Q: Can retail investors participate?

Yes, HDCoin tokens are open to everyone except citizens or residents of New Zealand, Australia and Fiji.

Q: Will investors be shareholders? How will they receive dividends?

Yes, HDCoin holders will own 100% of HD Coin Ltd via the HDCoin Trust. As mentioned, HD Coin Ltd owns 10% stake in each of the legal trading entities of the HD Group. The shareholding has been updated to reflect our ICO offer i.e. HD Net Limited, Unlimited Internet Limited, ICOEx Limited.

Dividends will be used to buy back and burn HDCoin at market rates.

Q: Do you expect to declare a profit and burn tokens during the first 12 months after the ICO?

Yes, HD Group has been doing well and I believe we will declare a profit and do the first burn of tokens within 12 months of completing our ICO.

Our financial year ends 31 March. Subsequently, 10% of the annual profits tax franked will be paid to HD Coin Ltd. HD Coin Ltd will identify the most liquid market and use a conservative buying strategy in order to maximise the number of HDCoin tokens we buyback. We expect this to become an annual event.

Q: How soon will investors receive their tokens?

Within 30 days of the confirmation of payment and the completion of the KYC process. This is again a first for an ICO.

Q: Your business has been around for more than a decade. Why an ICO?

We believe crypto-equity is the future of ICOs and business funding. The ICO ‘gold rush’ has led many into cryptocurrencies and created ecosystems of uncertain value. Investors may have rushed in but they will soon question the value of the tokens they hold.

On the other hand, crypto-equity tokens are backed by already performing businesses that have real assets and an equity value on the balance sheet with its potential performance, PE ratios similar to traditional companies that list on the Nasdaq for example.

Q: How did you raise funds to get this far?

Our two founders funded the entire business and we’ve been using our company profits since startup to grow the business over the past decade.

Q: Crypto-equity is a new concept. Why did you adopt this model?

Crypto-equity has the potential to become a second market, similar to a traditional stock market. There are currently no regulated ICO exchanges listing these specialised crypto tokens that are backed by company shares and earnings per share (EPS).

It’s also an opportunity for investors to move their crypto into a new type of crypto token with stable upward potential.

A large chunk of ICO investors are putting their crypto into pre-projects.
In fact, 46% of last year’s (2017) ICOs have failed already. Also, most startups take 7 to 10 years to get off the ground or turn a profit. Till then, the investor’s money is locked in an uncertain venture, product or service (literately with no paid full time employees or offices) that may not take off with no liquid market to sell out to.

HDCoin is a good crypto investment in an established company. All the hard ground work and startup years has been done. Investors will be investing into a growing company with proven markets and year on year revenue growth.

We also have an interesting list of projects with huge potential that complement our existing trading brands. We’re committed to building ICOEx, a blockchain-based digital asset exchange that will also serve as an ICO incubator. It will offer turnkey solutions to startups and mature businesses in Asia Pacific. It will help them enter the fast-growing ICO market and launch their digital tokens for capital funding.

Q: Does the potential value of HDCoin token come from the buy back? What if the token is not listed on any large exchanges?

HDCoin will first be listed on our ICO exchange (ICOEx). So there will always be an avenue to trade between HDC <> ETH or HDC <> BTC.

The tokens can also be traded person to person or via other exchanges after our token distribution. The market will set it’s price after the ICO.

Remember: we have no tokens in reserve. The market will own 100% of all tokens so there’s no way we can dump the token price.

Q: What went into making this ICO?

An amazing team, planning and budgets are important for all projects. We have a strong inhouse team and together we planned the ICO, ERC-20 token, marketing and total security. We knew it would be challenging but an interesting project to work on. It took over eight months and a full time team plus contractors and advisors to complete.
The most stressful part for us was identifying the legal aspects and the valuation of the company.

HDCoin Token sale is now live. For more information download our whitepaperor visit https://hdcoin.co