IOTA was recently selected by the Tokyo Metropolitan Government’s Blockchain Business Camp Tokyo accelerator program. This programs aims to attract foreign businesses that possess advanced blockchain technologies. This helps IOTA get established in Japan to work together with local companies on innovative new solutions for the Japanese and the global market.
There were over 46 companies from over 20 countries that applied for this prestigious program according to the press release. This will be the first time that TMG holds this program.
The rapid growth in IoT, especially in Asia, there is very big interest in Asian companies to work with IOTA. The IOTA foundation will be able to set up an office in Tokyo and immediately begin to work with their ecosystem. Several founders and core developers will also travel to Japan to set up several meetings and events.
With the recent Bosch investment and many IOTA partnerships with big companies, IOTA looks very stable for continued growth going into the new year.