- The company aims to assist businesses and organisations in moving their blockchain experimentations forward
- Chaintope plans to add more features to the Tapyrus ecosystem in the near future
Japanese blockchain startup, Chaintope Inc has launched open-source public blockchain protocol Tapyrus. The protocol has been developed by the company’s in-house development team led by Chaintope’s chief technology officer, Shigeyuki Azuchi.
The company says a platform built on Tapyrus can be operated by selected federations. The rest of the network participants can verify and view transactions recorded on blocks, which prevents federations from tampering with protocols or data within their network. with this launch, the company aims to assist businesses and organisations in moving their blockchain experimentation forward to the next stage across industry says Chaintope.
Mass adoption of blockchain technology
Hideki Shoda, CEO of Chaintope, said, “We hope that Tapyrus will be a successful model for tackling the long-standing governance issue on public blockchains. Combining Tapyrus with the other tools that Chaintope offers on layers one and two, our focus is on taking a holistic approach to the mass adoption of blockchain technology and overcoming current technical limitations.”
Tapyrus also allows new types of functionality to be added according to specific business needs. The company says Chaintope’s blockchain solutions work together to form a multi-layer protocol in which traceability and transaction speed increase and also solve governance problem. The company also plans to add more features to the Tapyrus ecosystem in the near future.