2020.08.26 Financial Services
TOKYO – August 26, 2020 – LVC Corporation ("LVC"), operator of LINE’s cryptoasset and blockchain businesses, and LINE TECH PLUS PTE. LTD. ("LTP") announce the launch of LINE Blockchain Developers—a developer platform for blockchain services—and the BITMAX Wallet service for managing digital assets.
In April 2018, LINE established the LINE Blockchain Lab team to develop blockchain-driven dApps and research P2P network-based distributed systems and encryption technologies. With that purpose, the team has worked on a wide range of blockchain projects across the LINE Group: developing the proprietary LINE Blockchain (formerly known as LINK Chain) and issuing its own cryptoasset, LINK, as well as operating the BITMAX and BITFRONT cryptoasset exchange services. Additionally, they built an ecosystem based on LINE Blockchain, aiming to generate co-creative relationships between users and service providers under the "LINE Token Economy" concept.
Although blockchain is a new technology that has massive potential, LINE believes its practical and widespread use as still a ways off because of the costs and complexities involved with building and deploying it. Against this background, LVC and LTP decided to share LINE's blockchain technologies. This led the companies to launch LINE Blockchain Developers—a development platform for companies to build blockchain services—and BITMAX Wallet, a wallet service for users to manage their digital assets.
LINE Blockchain Developers: A development platform for blockchain services
LINE Blockchain Developers is a development platform that provides an easy and efficient way for developers to build blockchain services based on LINE Blockchain. Blockchain technology can also be readily added to existing services for one-of-a-kind token economies. The developer console itself is a web-based environment offered through LINE's own developer web portal, LINE Developers. With this platform, companies and developers can focus their attention on improving UX and other facets of their service instead of the technical aspects of blockchain and security.
Companies can use LINE Blockchain Developers' main features to issue their own tokens, tokenize in-game digital assets (such as characters, items, and currency), ensure transparent transaction histories, and monetize data. For services that have been developed with the platform, token and item trades can also be verified on LINE Blockchain Explorer (formerly known as LINK SCAN).
・LINE Blockchain Explorer: https://explorer.blockchain.line.me
<LINE Blockchain Developers' main features>
1. Building an independent token economy
Use the LINE Blockchain Developers' developer console to easily create a unique token economy. Tokens can also be issued on Testnet first to test them out before official release.
2. Managing various things and rights by tokenizing
Various things and rights —whether intangible or tangible—can be tokenized, making it possible to manage them with blockchain services.
*Must comply with applicable laws for tokenization
3. Protecting blockchain asset securely
Each service uses private keys to securely manage blockchain assets.
4. Straightforward blockchain access
Use RESTful API to easily link services to a blockchain—no knowledge of smart contracts needed.
5. Fully managed blockchain network
Does not require to operate nodes to participate in the network. Easily create and manage the network by using open APIs.
6. Link with LINE
Tokens issued by services made with the platform can be linked to and managed with BITMAX Wallet (which is in turn linked with LINE IDs), opening up the option of creating services that fully or partially leverage LINE's userbase.
About LINE Blockchain Developers
・Operator: LINE TECH PLUS PTE. LTD.
・Availability: Global (excluding certain regions)
・Supported languages: Japanese, English
・Inquiries on LINE Blockchain Developers: email@example.com
BITMAX Wallet: A wallet service for managing digital assets
BITMAX Wallet is a blockchain wallet for managing digital assets. Users can centrally manage all the digital assets—tokens, items, and more—that they have obtained from various blockchain services within the one wallet.
The difficulty of creating and managing conventional blockchain wallets has hereto been a barrier for users wanting to use blockchain services—and ultimately, played a part in holding back the growth of blockchain services overall. BITMAX Wallet on the other hand, is linked to LINE IDs. This means that users only need a LINE ID to get started right away and can easily send and trade digital assets with their LINE friends.
About BITMAX Wallet
・Operator: LVC Corporation
・Supported languages: Japanese
・URL: https://wallet.bitmax.me (Web browser)
・How to use BITMAX Wallet: https://note.com/line_blockchain/n/n6aa0765fe51e (Japanese)
Under the concept of "LINE Blockchain: Designed For Everyone," LINE will continue striving to provide blockchain services and technologies that can be integrated into users' daily lives.
About LVC Corporation
(1) Name: LVC Corporation
(2) Head office: Sumitomo Fudosan Osaki Garden Tower 22F, 1-1-1 Nishishinagawa, Shinagawa-ku, Tokyo
(3) Representative: Inkyu Lim, Representative Director and President
(4) Business: Holding company operating crypto asset brokerage and blockchain-related businesses
(5) Capital: JPY 5.06 billion (as of October 4, 2019)
(6) Established: January 31, 2018
(7) Registration number: Crypto asset exchange agency, Director of the Kanto Local Finance Bureau No. 00017
About LINE TECH PLUS PTE. LTD
(1) Name: LINE TECH PLUS PTE. LTD.
(2) Head office: 10 Anson Road, #23-14L International Plaza, Singapore 079903
(3) Representative: HeeWoo Lee, Representative Director
(4) Business: Issuance of crypto asset “LINK”
(5) Established: April 11, 2018