English 
AltX Research Inc. is pleased to announce that it has signed a new vision partner agreement with Densan System Co., Ltd. for Japan Smart Chain (JSC), a self-sovereign Layer 1 blockchain for Japan that the company is developing.
JSC is a foundational blockchain infrastructure from Japan that is fully compatible with Ethereum and validated by industry leaders in Japan. Designed as a compliance-focused Layer 1 blockchain with built-in blacklisting and transaction prioritization, it serves as a stronghold for providing compliant digital asset services while maintaining user convenience. Built on this foundation is Mizuhiki, a trusted, modular suite with all the functionality needed to ensure verified identity, regulatory compliance, and risk management directly on-chain. Its flexible design, tailored to different industries and use cases, enables businesses to launch and operate compliant digital services without relying on distributed, off-chain processes.
Densan System has a proven track record of building a high level of reliability in collection agency services, providing payment and collection agency services at over 65,000 stores, particularly convenience stores and drugstores. However, in light of recent technological innovations and the rapid expansion of cashless payments, the company is considering providing services in new technological fields. Starting with its capital participation in JPYC Co., Ltd. in 2024, Densan System has embarked on the development of a distribution and payment network infrastructure, next-generation payment services, and web3 wallet services utilizing its own blockchain in the BtoC field. As part of these efforts, Densan System, resonating with JSC‘s philosophy, has concluded a Vision Partnership agreement with the aim of creating use cases for the social implementation of blockchain distribution and payment network infrastructure and next-generation payment services in Japan.
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Going forward, the two companies will effectively utilize the blockchains they are developing to realize blockchain distribution and settlement infrastructure for stablecoins, prepaid payment methods, points, coupons, and other digital assets such as NFTs and RWAs, as well as next-generation payment services and web3 wallet services. They will jointly consider use cases and conduct PoCs (proofs of concept) to verify the technical feasibility and move forward with concrete developments with an eye toward eventual social implementation, in order to provide services that are easy to use and highly convenient for customers.
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