Japanese HR Invests in Blockchain Technology

Recruit Holdings is Japan's largest HR services company. Recently, the giant valued at $50 billion has heavily funded an American blockchain startup. What do HR and decentralized technologies have in common?

Recruit, a leading HR services company, has financed blockchain startup Blockstack PBC by purchasing the company’s tokens. What was it that pushed the Japanese company to take such a step?

According to Muneeb Ali, Blockstack’s CEO and co-founder, Japanese investors are traditional players in the US startup market. Moreover, Japan is one of the countries actively supporting blockchain technology and cryptocurrencies, therefore there is nothing surprising in such a deal.

Mr. Ali noted that Blockstack sees Japan as a key market for its services and expressed the company’s willingness to work with other countries in the region, as they are famous for the widest use of distributed ledger technology. The startup has also entered into a cooperation agreement with Lambda School, an educational services company.