The Dawn of Web3: RYO's Global Vision from Japan | Blockchain Futurist Conference 2024

Explore RYO, Japan's first layer 1 blockchain, revolutionizing payments with quantum-resistant tech & local currency pegging. Learn about their $80M development & global expansion plans.

Key takeaways
  • RYO is Japan’s first layer 1 blockchain designed to revolutionize digital payments, combining ancient Japanese currency traditions with modern technology

  • Project focused on user experience and consumer adoption first, building technology around consumer needs rather than the other way around - aiming for PayPal/Venmo-like simplicity

  • Seven years of self-funded development ($80M+) with strict regulatory compliance through Japan’s FSA and JVCEA, positioning RYO as the first Japanese cryptocurrency going international

  • Currently listed on three exchanges, launched at $1.60 and reached highs of $11.66, with plans to launch 200 ATMs in 2024 and 1,500 in 2025

  • Features quantum-resistant encryption and risk management capabilities, with ability to interoperate with multiple programming languages and blockchain platforms

  • Strong focus on education and consumer protection, conducting seminars across Japan to ensure understanding across all age groups

  • Designed to solve Bitcoin’s practical usage problems (high fees, slow transactions) while maintaining stability through pegging to local currencies

  • Built-in risk management through AI and quantum computing integration for network-wide security

  • Addresses the gap between crypto traders (250,000 active in Japan) and the general population (123-125 million), focusing on mass adoption

  • Emphasis on maintaining Japanese values of quality, integrity, and reputation while expanding globally through strategic country-by-country rollout