EdMuse Company Overview

EdMuse Inc. is holding a public recruitment for the logo of its product "ID Pocket," which utilizes DLT (blockchain) for digital ID verification, and the selection meeting took place today. The logo recruitment for "ID Pocket" was conducted on Crowdworx, Japan's largest crowdsourcing site, and a total of 84 entries were received. The logo will be announced sequentially as soon as it is decided. The ID verification system "ID Pocket" is a product that allows the cryptographic value (hash value) of certificates received from the issuer to be stored on the blockchain. By using "ID Pocket," various forms of [self-verification] that were previously exchanged on paper can be digitized using the blockchain, which is difficult to tamper with, enabling verification to be done "anytime," "anywhere," and "accurately." (For more details, please see the related link.)

Sota Tek Joint Stock Company and EdMuse Inc. have signed a business partnership agreement for the joint development of a blockchain management system for official academic certificates in Vietnam. SotaTek, a leading software development company in Vietnam, is an official development enterprise of the country that has entered into a discretionary contract with the Ministry of Education and Training (MOET) regarding academic certification. Through this business partnership, EdMuse's ID verification product "ID Pocket" will be integrated into SotaTek's national qualification archive system. ID Pocket is a product that ensures high usability and reliability, capable of storing the cryptographic values (hash values) of certificates received from educational institutions and certification bodies on the blockchain. Since last year, EdMuse has been conducting proof-of-concept experiments in Vietnam aimed at implementing a digital academic certificate system equipped with blockchain technology, focusing on introducing a system that is extremely difficult to tamper with and can verify authenticity for higher education institutions that produce graduates active in the international community. (For more details, please see the related link.)

EdMuse Inc. has been selected to participate in the "Pitch Final" of the startup contest at FIN/SUM 2021, one of Japan's largest fintech conferences, co-hosted by the Nikkei and the Financial Services Agency, based on reader votes. [About EdMuse's Product (ID Pocket)] With the decline in the working population, Japan's foreign entry policies, including the Immigration Control Act, have been continuously revised. However, there are numerous cases within Japan where holders of counterfeit residence cards and those committing career fraud are prevalent due to labor conditions and employment types. As the number of visas/residence statuses increases and the review processes become more complex, it has become urgent to reduce the costs associated with collecting qualification and educational background information, as well as the human/time costs required for authenticity verification, in order to address illegal employment. EdMuse's ID Pocket can reduce the human/time costs associated with the increasingly complex review processes for visas/residence statuses and their authenticity verification. It also leverages high tampering detection capabilities to prevent educational and career fraud, enabling comprehensive management of qualification/educational background information for those wishing to reside in Japan. (For more details, please see the related link.)