The Blockchain Collaborative Consortium (BCCC) has announced that it has expanded from its initial 34 founding member companies to the current 109 companies and organizations. A decision was also reached to inaugurate the Financial Services Subcommittee. The aim is to boost awareness of blockchain technology among financial institutions, where consideration of the adoption of blockchain technology is rapidly progressing.
The BCCC promotes the spread of blockchain technology in Japan. It was inaugurated on April 25, 2016, with objectives that included spreading and building awareness of blockchain technology, promoting its research and development, encouraging related investments, and collaborating with overseas blockchain organizations.