Emurgo: Connoisseurs of the Cardano Blockchain
Founded in 2017, Emurgo focuses on investments that use the Cardano blockchain and to expand on the Cardano blockchain ecosystem. The firm's R&D center, Emurgo Vietnam is focused on educating customers and prospective clients and provides a knowledge base on how to deploy smart contracts, such as decentralized applications (Dapps) on the Cardano blockchain system.
How did Emurgo emerge as a Blockchain solution provider in Japan?
The Cardano project was conceived in Japan, and Emurgo was founded as the commercial wing of the project through an Initial Coin Offering (ICO) done in Japan from 2014 to 2016. The motivation behind this is to expand the Cardano ecosystem through investment and consulting.
“Emurgo develops, supports, and incubates commercial ventures who want to revolutionize their industries using the blockchain technology” - Give us a brief on how the company differs from its competitors in the Blockchain industry.
The uniqueness of Emurgo is that we are focused on the Cardano blockchain from the nature of its funding. Cardano uses the world’s first Proof of Stake (PoS) algorithm, which has been peer-reviewed by the cryptography community at leading institutions.
The uniqueness of Emurgo is that we are focused on the Cardano blockchain from the nature of its funding
What challenges do the Blockchain Technology Solution providers face and how does Emurgo address those challenges?
There are many challenges for this industry. The industry itself is very new to the world, and we need to set the standard. In addition to this, the blockchain solution comes with tokens, which are new to the world, where the regulations and laws are diverse depending on the country. To tackle on those challenges, Emurgo provides education for blockchain development. As Emurgo is based in Japan, where cryptocurrency regulation is advanced, the knowledge of regulations that we have for educating users about blockchain, will help accelerate this industry in other countries.
Give us an in-depth insight into the Cardano Blockchain Technology. In what way does this technology benefits Emurgo’s clients?
The Cardano is being developed very carefully through a peer-review method. Core protocols go through reputable cryptographers and are reviewed before they are implemented into the codes. The benefit for clients is that they can utilize a platform that has been carefully analyzed and developed. Cardano separates the accounting layer and the computation layer, which will help further minimize the hacks and frauds that have occurred in the industry in the past.
To bring out the story, share one or two case studies with us where your company has helped its clients overcome their business challenges and attain desired outcomes with your offerings?
Traxia is a company that we have invested in. They began raising funds through the Ethereum blockchain but will now move over to the Cardano blockchain platform. Our job will be to help them migrate over to Cardano.