One-Stop ICO Platform “COMSA”
– Release on COMSA HUB β Version (Testnet) –
TOKYO – April 23, 2019 – Today Tech Bureau Holdings, Corp., a fintech and cryptocurrency solutions company, announced that the company has limitedly released the COMSA HUB β version (testnet) today, being parts of the software development business for the COMSA one-stop ICO platform, for which the company took over responsibility from Tech Bureau, Corp., its affiliated entity headquartered in Osaka.
COMSA HUB is software that provided to license holders of the mijin private blockchain, and it acts to control the balance of tokens between the corporate’s master accounts on the public blockchain and the internal of the private counting.
While maintaining the continuous surveillance on the deposit of which has been transacted to the corporate’s account on public blockchain and locking the balance, simultaneously, an equivalent tokens are issued and transacted to an applicable internal account on the corporate’s mijin private blockchain.
When the system detects the withdrawal of tokens, the tokens will be burnt* on mijin private blockchain, and will be transacted to an applicable address on the public blockchain after unlocking the applicable cryptocurrency on the public blockchain or the tokens.
*Burn: An action to disfunction the retaining cryptocurrencies and/or tokens permanently.
For this testing version of the COMSA One-Stop ICO Platform, the Bitcoin blockchain and mijin blockchain are connected to each other, and is enable to convert the BTC on the public blockchain and the BTC tokens (BTC:mijin) on private blockchain seamlessly.
By continuing the improvements on the UI/UX, and by creating images of the practical use via a limited release to corporates and organizations who are licensed with mijin, the company is aiming to release the official version around the Winter this year.
Usage Case – Currency within VR
By utilizing COMSA, tokens which are issued on the public blockchain can be easily shifted over to a VR World internal counting which uses mijin private blockchain, the balance will be automatically controlled by COMSA HUB.
mijin private blockchain counts the balance of VR tokens, and instead of just unabling to tamper, it realizes auditability by third-party via API and also able to prevent in advance from fraudulent manipulation of balance, etc.
Due to these elements, which also signifies that fraudulent manipulation by administrator is almost impossible, the users are able to use under a safe VR environment which also can be rephrased as a guaranteed environment of a consistency of cryptocurrency/tokens and its balance.
For example, it is possible to convert BTC to BTC:mijin on mijin private blockchain within VR, which consists an equivalent value, and then send it to another user. The user who received the BTC:mijin could then consume as it is a cryptocurrency for the transactions within the VR, and also able to use outside of VR.
*Regarding ICO solution business by Tech Bureau, Corp., the company will make an announcement as soon as a progress is made.
＜Development of COMSA CORE＞
– 2019 Summer, Release of Official version (planned)
＜Development of COMSA HUB＞
– 2019 Winter, Release of Official version (planned)
COMSA offers a one-stop solution, providing clients with consultation, expertise and solutions to support their ICO campaigns and implementations of blockchain technology into their businesses. It is an integrated platform that corporate clients can use to fundraise by selling tokens, or tokenizing corporate assets. Tech Bureau Holdings, Corp. exclusively provides these services as a one-stop solution with its mijin which is a private blockchain technology.
About ICOs and ICOs in Japan
ICO stands for Initial Coin Offering which are often called “token sales”. With this method, a company or project can sell assets digitally as electronic tokens to raise funds from the public.
In Japan, utility tokens sold in ICOs are considered to be “cryptocurrencies sold to unspecified persons” under the Payment Services Act, such that selling activities may not be undertaken unless registered as Cryptocurrency Exchange Services with the relevant local finance bureau.
The legal characteristics of ICO tokens must be reviewed on a facts-and-circumstances basis, so that they might be treated as Securities, or more specifically the Collective Investment Scheme, and be regulated under the Financial Instruments and Exchange Act of Japan.
About Tech Bureau Holdings, Group
Tech Bureau Holdings, Corp., fintech and cryptocurrency group companies in Japan, the U.S., and Europe, develop software and services for cryptocurrency technology and blockchain technology, a so-called “Crypto-Fintech Lab”. As a team and as a group, we have developed mijin, a private blockchain software. Tech Bureau Holdings, Corp. recently launched a one-stop solution, COMSA, which provides companies with consultation, expertise, and solutions to support their very own ICOs and implementations of blockchain technology into their businesses.
Press contact, Tech Bureau Holdings: Aoki / firstname.lastname@example.org / +81–3–4530–0344
About NEM.io Foundation Ltd
ABOUT THE NEM Foundation Ltd NEM.io Foundation is registered in Singapore, operating globally. It was launched to promote NEM’s blockchain technology worldwide. It is one of the most well-funded and successful blockchain technology projects in the cryptocurrency industry.
For more information, please visit: www.nem.io
Press contact, NEM.io: NEM@transform.PR / +1-415-595-2030
All product and company names herein may be trademarks of their registered owners.