As long as there are groups of people who share goals and values, Masachain can work in any community
For-profit corporations, NPOs, and even non-organized groups such as local communities can be moved in a more positive direction by using Masachain,
Present day capitalist societies are troubled by numerous inequalities and can often cause institutional fatigue. By implementing Masachain within these societies, we believe that we can help move capitalism towards a new, more beneficial paradigm.
Until now, Chaintope has been working within local regions in Japan on projects and activities that aim to create better societies.
Local regions are often the places where social inequality can appear most noticeably and therefore it is from these regions where we must strive to solve social issues.
The birth of new projects and endeavors that help build a future for local societies is essential when attempting to create sustainable societies.
However, during our work we realized that even if talented people within these regions came up with good business plans, it would be difficult for these people to gather the necessary funding and manpower for their projects if they were considered to be too young, did not have enough capital to use as collateral, if there were concerns about profitability of a business in an underpopulated area or if it was difficult to for their proposals to gain attention.
and so the Masachain project was started to help tackle this problem
Generally speaking, social capital is the idea that the trust relationships and network of interpersonal relationships that people have can be treated as capital. Although social capital can be defined in multiple ways, here will we outline the social capital that will be handled by Masachain.
Masachain Implementation Strategy and Development Tasks
◎Started recruiting Masachain contributors
November – Beta version release
The Masachain project is currently being driven mainly by the members of Japanese blockchain developer Chaintope Inc.
However, since Masachain has the potential to become a project of extreme public interest to societies around the world, we believe that in the future Masachain should be overseen by an independent body that is separate from Chaintope.
In order for this expansion to become possible, we are continuing to search for participants in numerous regions within many fields.