Social Good Foundation Submits Token Ecosystem Patent, a Blockchain-based Technology, in Japan and US

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Updated: March 21, 2018

Social Good Foundation Submits Token Ecosystem Patent, a Blockchain-based Technology, in Japan and US

The Foundation Invented and Developed Cryptocurrency with the Expectation that its Price Will Go up on a Steady Basis

 

Tokyo Japan,- Social Good Foundation, has submitted the Token Ecosystem Patent, a cryptocurrency application technology, to Japan and the U.S.A., and the application documents have been officially received by the both Patent Offices.

“Token Ecosystem Patent”, cryptocurrency application technology
Applicant: Social Good Foundation Inc.

Date of official submission in Japan was January 18, 2018.
Date of official submission in the U.S.A. was January 23, 2018.
International patent submissions are to be followed accordingly.

Usage of “Token Ecosystem Patent”
Bitcoin, the typical example of cryptocurrency, does not create value only by possession, but benefits holders only when sold, and brings profits when selling if the price happens to be higher. In other words, Bitcoin is a vehicle of speculation with no value of possession / carriage. It has not yet prevailed sufficiently because it is risky, meaning that you could suffer significant loss.

The Token Ecosystem Patent, the cryptocurrency application technology, will carve out a way to resolve this fundamental problem of cryptocurrency. Social Good Foundation has invented a mechanism in which an economic ecosystem (Token Ecosystem) is constructed, and the price of the Token to be used and held will be enhanced to go up by reasonable expectations according to the economic activities of the participants therein.

The Token has value in being possessed and does not fall within the category of “securities” that regulations define, because it is a utility token. Social Good Foundation thinks that it is new enough, unprecedented, and progressive enough to apply for a patent.

“We call a cryptocurrency utilizing the application of Token Ecosystem patent ‘Co-Creation Cryptocurrency’ (CCC).”said Soichiro Takaoka, Social Good Foundation Executive Director. “The Token, of which the price can be reasonably expected to increase because of its features, will make it possible:
– To let all the participants be in a “Win-Win” situation
– To attract newcomers into the Ecosystem”

Also, this enables governmental organizations, public organizations, and corporations to use it when aiming for setting out for an ICO (Initial Coin Offering), and for creating new token ecosystems.

 

About Social Good Foundation,

The owner of the patent based on the application of the blockchain technology.

Soichiro Takaoka (Founder and Executive Director): Tokyo Univ. BA., Entrepreneur and Founder of Ayumi Trust Group. Started career at MITSUI & CO., LTD., extensive career in FinTech industry and business., e.g., establishment of overseas securities house and in managing FSA registered financial advisory company.

For more information on Soichiro Takaoka, please visit: https://socialgood-foundation.com/en/soichirotakaoka/

Seiichiro Yonekura (Director): Harvard Univ. GSAS, Ph.D., Professor at the Hitotsubashi Univ. Institute of Innovation Research, Fellow Professor Hitotsubashi Univ., currently the Special Advisor for the Grameen Bank in Japan. Provides advice on startup.

Tomohiro Takagi (Director): Professor, School of Science and Technology of Meiji Univ., Ph.D., One of the most influential authorities in the world in fuzzy theory, one kind of computational artificial intelligence. Fellow Professor at the Department of Electrical Engineering Computer Science, UC Berkeley, joint research achievement with Matsushita Electric Industrial Co., Ltd., and SONY Corporation. His latest research relates to the highly precise recommendation engine and highly precise targeting.

Naoki Yokoyama (Director): Tokyo Univ. BA., ex-MD of Nikko Securities (now SMBC Nikko Securities Inc), President of a company of SBI Group. Former appointed members of many Japanese governmental financial regulatory committees.

Yu Yamanaka (Director): Extensive career in multinational AI Startups. Recent successful ICO of JPY 1 bil. equivalent for a Swiss corporation as the CTO.Technology expert in a wide variety of IT areas, e.g., hosting a WEB media site with 15 million MAUs, and system developments for major IT companies such as Google, DNS, and JCB. A member of Japan Blockchain Association.

Hisahito Kobayashi (Director): Harvard Univ. MA (KSG MPA) .Ex-Internal Auditor at MUFG and MUFG MUMSS (subsidiary) IAs, also in charge of handling regulatory issues as the representative counterparty officer with various regulators.

Noriaki Ishikura (Director): Ex-President of Rakuten Card and MD of Rakuten BK, building up as much as approx. USD 1.4 bil. in assets at Rakuten Card. Extensive expertise and experience in IT business.

Hideto Kohno (Director): President of Kohno & Kohno, Patent Office, Author of “FinTech Patent and Intellectual Property Strategy”. 40+ years career in IP and legal.

Joji Kitano (Director): Entrepreneur. Founder of start-ups. The only Japanese national who has had winning patent litigation records against IT global giants, Including Google.

Please visit the following websites for more information:

Social Good Foundation: https://socialgood-foundation.com/en/

Ayumi Trust Group: https://socialgood-foundation.com/en/ayumitrustgroup/

Media Contact:

https://socialgood-foundation.com/en/contact/

Social Good Foundation

18F Otemachi First Square,

1-5-1 Otemachi, Chiyoda-ku,

Tokyo, Japan