Nishiawakura village in Japan will conduct ICO

The local Japanese government is considering ICO to raise funds to revitalize the region. Nishiawakura, a village in Okayama Prefecture, announced it will begin research to host ICOs in partnership with blockchain development firms Chaintope Co. Ltd., Murashiki Co. Ltd. and A-zero Co. Ltd.

Tinuku Nishiawakura village in Japan will conduct ICO

Nishiawakura is a village with a population of about 1,500 people where 95% of the total area is forest. In 2009 the government held the "100 Year Forest" project to create beautiful high-quality countryside. The implementation of ICO is part of the strategic steps to revitalize the region.

The village says investments in sectors are aimed at sustainable community development and research on ICO will be conducted with private enterprise partners. Nishiawakura hopes ICO will encourage investment flows and unprecedented funding circulation.

Chaintope Co. Ltd is a developer of blockchain technology and regional virtual currencies, Murashiki Co Ltd is developing an e-commerce platform, while A-zero Co Ltd will undertake regional and local revitalization projects that work with governments, startups and other services.

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