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LINE Blockchain Developers and BITMAX Wallet launched in Japan

By Edil Corneille

August 27, 2020

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LineLVC Corporation (LVC), operator of LINE’s cryptoasset and blockchain businesses, and LINE TECH PLUS (LTP) announced the launch of LINE Blockchain Developers, a developer platform for blockchain services and the BITMAX Wallet service for managing digital assets. In April 2018, the LINE Blockchain Lab team was established to develop blockchain-driven dApps and research P2P network-based distributed systems and encryption technologies. With that purpose, the team has worked on a wide range of blockchain projects across the LINE Group such as developing the proprietary LINE Blockchain (formerly known as LINK Chain) and issuing its own cryptoasset, LINK, as well as operating the BITMAX and BITFRONT cryptoasset exchange services.

Additionally, the team built an ecosystem based on LINE Blockchain, aiming to generate co-creative relationships between users and service providers under the ‘LINE Token Economy’ concept.

LINE Blockchain Developers is a development platform that provides an easy and efficient way for developers to build blockchain services based on LINE Blockchain. Blockchain technology can also be readily added to existing services for one-of-a-kind token economies. The developer console itself is a web-based environment offered through LINE’s own developer web portal, LINE Developers. With this platform, companies and developers can focus their attention on improving UX and other facets of their service instead of the technical aspects of blockchain and security.

Companies can use LINE Blockchain Developers’ main features to issue their own tokens, tokenize in-game digital assets (such as characters, items, and currency), ensure transparent transaction histories, and monetize data. For services that have been developed with the platform, token and item trades can also be verified on LINE Blockchain Explorer (formerly known as LINK SCAN).

BITMAX Wallet is a blockchain wallet for managing digital assets. Users can centrally manage all the digital assets such as tokens, items, and more, that have been obtained from various blockchain services within the one wallet.

The difficulty of creating and managing conventional blockchain wallets has hereto been a barrier for users wanting to use blockchain services and ultimately played a part in holding back the growth of blockchain services overall. BITMAX Wallet, on the other hand, is linked to LINE IDs. This means that users only need a LINE ID to get started right away and can easily send and trade digital assets with LINE users.

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