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Scalar, Inc. (Head office: Shinjuku-ku, Tokyo, CEO and COO: Wataru Fukatsu, CEO and CTO: Hiroyuki Yamada, hereinafter referred to as Scalar) is Crosscat Co., Ltd. (listed on the first section of the Tokyo Stock Exchange, head office: Port of Tokyo) Ward, President: Takanori Inoue, hereinafter referred to as Crosscat).
Background of the business alliance
Crosscat has been working on the creation of new businesses using blockchain technology, but with conventional blockchain technology, it is difficult to ensure the correct order of transaction processing, and a large number of transactions are being processed. There was also a problem with scalability for processing, and practical use in business did not progress.
Under such circumstances, with the expectation of solving problems and promoting the practical use of distributed ledger technology, "ScalarDLT", which has transaction management functions and scalability provided by Scalar, attracted attention.
On the other hand, Scalar is widely seeking businesses that develop and implement applications that run on the distributed ledger software "ScalarDLT", and the two companies' intentions matched, leading to this partnership.
Details of partnership
In this partnership, Crosscat will develop and implement applications using "ScalarDLT", and Scalar will provide information and technical support for system construction using "ScalarDLT".
In addition, we will introduce mutual customers and carry out joint sales activities, and strive to spread distributed ledger technology.
ScalarDLT provided by Scalar is database software consisting of distributed database software Scalar DB and distributed ledger software ScalarDL.
By executing smart contracts with electronic signatures in the form of distributed transactions and managing the execution results in a chain with multiple independent components, it is possible to achieve high tamper resistance with conventional blockchains. It achieves high scalability, strong consistency, and determinism that were difficult to achieve before.
Crosscat Co., Ltd.
Trade name: Crosscat Co., Ltd.
Representative: Takanori Inoue, President and Representative Director
Location: Shinagawa Season Terrace 20F, 1-2-70 Konan, Minato-ku, Tokyo 108-0075
Established: June 1973
Business description: System solutions and staff services
Trade name: Scalar Co., Ltd.
Representatives: Wataru Fukatsu, Representative Director, CEO and COO, Hiroyuki Yamada, Representative Director, CEO and CTO
Location: Room 209, FARO Kagurazaka, 5-1 Fukuromachi, Shinjuku-ku, Tokyo 162-0828
Established: December 2017
Business: Research, development and provision of distributed ledger software