Machine Translation This page has been automatically translated to English. For the most accurate information, please refer to the original Japanese version.

PAYCLE Inc. (hereinafter "PAYCLE"), a company dedicated to creating a better future through technology; UPCX-Platforms PTE. LTD. (hereinafter "UPCX"), the developer of an open-source payment system based on a high-speed blockchain optimized for payment and financial services; and the Japan Association of Next-Generation Sensor Technology (hereinafter "JASST"), an organization that supports the practical application of sensors to contribute to industrial and scientific advancement, entered into a tripartite business alliance in October 2024. This partnership aims to achieve secure and efficient data management and analysis through the integration of blockchain technology.

Through this alliance, the three parties will collaborate to provide innovative solutions across a wide range of sectors.

Background

Background of the Partnership

JASST brings together leading companies and research institutions to standardize next-generation sensor technology and explore new fields of application. Complementing this, UPCX provides a payment platform utilizing high-speed blockchain technology developed by PAYCLE, aiming to improve data management and payment solutions. UPCX has already achieved 100,000 transactions per second (TPS), with further scalability possible. Processing the vast amounts of data generated by IoT devices via blockchain requires high performance and extensibility; UPCX’s technology was selected to meet these requirements. Through this partnership, the three parties will combine sensor technology, blockchain technology, and payment solutions to achieve advanced data traceability and enhanced security.

Overview

Overview of the Partnership

In this alliance, the blockchain technology developed by PAYCLE and the blockchain payment solutions from UPCX will be integrated with the next-generation sensor technology advocated by the SUCS Consortium, which belongs to JASST. This integration will strengthen data traceability and security, enabling the deployment of new applications in a wide range of fields, including IoT and Smart Cities.

Comments

Comments

PAYCLE

Masashi Murakami, CEO, PAYCLE Inc.

"We are very pleased that this alliance will allow us to maximize the synergy between sensor and blockchain technologies, contributing to improved data security and transparency. We aim for our technology to help make future society safer and more efficient."

UPCX

Makoto Nakano, Director, UPCX-Platforms PTE. LTD.

"We believe the combination of sensor and blockchain technology will bring significant innovation, particularly in IoT and data management. It is a great honor to work with PAYCLE and JASST to provide a new technical foundation in the fields of data processing and traceability."

JASST

Akira Kobayashi, President, Japan Association of Next-Generation Sensor Technology (JASST)

"Sensor technology plays a vital role in future social infrastructure, such as IoT and Smart Cities. This alliance with PAYCLE and UPCX brings new possibilities for the secure management and utilization of sensing data through blockchain technology. We expect this collaboration to add value to sensing data, further accelerating industrial evolution and the digitalization of society."

Next Actions

Future Outlook

Moving forward, PAYCLE, UPCX, and JASST plan to advance joint research and development and announce new projects and solutions. This will drive the evolution of digital technology across various industries and build a robust ecosystem capable of competing in the global market.

Company Introductions

Company Profiles

PAYCLE

About PAYCLE Inc.

PAYCLE Inc. possesses extensive expertise through research and development in the fields of "Blockchain," "Fintech," "AI," and "Quantum-Resistant Cryptographic Algorithms."

Since its founding in 2018, its mission has been to create a better future through technology.

UPCX

About UPCX-Platforms PTE. LTD.

UPCX-Platforms PTE. LTD. develops "UPCX," an open-source payment system utilizing high-speed blockchain technology.

Our mission is to provide payment systems that respond to the evolving needs of society, making payments more enjoyable and exciting.

White Paper 1.0

https://upcx.io/whitepaper

Linktree

https://link3.to/upcx

JASST

About the Japan Association of Next-Generation Sensor Technology (JASST)

JASST was established in 1989 with the goal of "popularizing and advancing sensor technology" to develop cross-sectional sensor and actuator research and development in Japan.

It serves researchers and engineers from universities, research institutes, manufacturers, and users as a venue for connecting needs with seeds and exchanging information across different organizations.

The association conducts symposiums to discuss expected new technologies, seminars on the latest technical trends, research groups for mutual training, tutorial "techno-schools" for newcomers, and task forces contributing to the creation and nurturing of new industries. Every year, it holds the "Sensor/Actuator/Micro-Nano/Week" as a concurrent event to "Sensor Expo Japan," featuring general symposiums and exhibition corners.

In 2013, it became a General Incorporated Association, and in 2021, it established the SUCS Consortium to aim for the standardization of proprietary sensor connections.