Decentralized Protocol for Blockchain Data Indexing and Querying "The Graph" Now Supports Japan Open Chain

～ Faster and More Efficient Data Access on JOC ～

Japan Blockchain Foundation Co., Ltd. (Representative Director: Hidekazu Kondo, hereinafter referred to as "our company"), the consortium managing Japan Open Chain (hereinafter "JOC"), is pleased to announce that The Graph, a decentralized protocol for efficient blockchain data indexing and querying, is now compatible with the JOC.

With the integration of The Graph, Web3 applications running on JOC can now utilize its fast and efficient query capabilities for blockchain data. This is expected to significantly enhance developer productivity and further boost the growth of the JOC ecosystem.

◽️ Background

The Graph, often referred to as the "Google of Web3," is a decentralized protocol that revolutionizes how developers access and query blockchain data.As the inventor of Subgraphs, The Graph enables a streamlined way to index and retrieve data, eliminating the need for complex backend systems and making web3 application development faster and more efficient.

Subgraphs are indexed data structures created by developers, allowing for quick and decentralized access to blockchain information. This technology has been widely adopted across multiple industries, including DeFi, NFTs, DAOs, and gaming, fueling the growth of the decentralized ecosystem.

With the addition of support for Japan Open Chain (JOC), The Graph enables developers to efficiently search and retrieve data from the JOC network, improving application performance and accelerating the development cycle. The increased use of decentralized data is expected to spark new Web3 use cases. Additionally, by simplifying the data query process, The Graph reduces backend complexity, lowers development costs, and drives innovation in Web3 development. 

◽️ Features of The Graph:

1. Subgraphs

• A system that allows developers to create custom indexes tailored to specific data requirements.
• Enables efficient access to smart contracts and blockchain transaction data.

2. Fast and Efficient Data Queries

• Significantly improves the speed of data retrieval, enabling real-time data processing.

3. Decentralized Network

• Provides a decentralized query process operated by node operators, eliminating the need for reliance on centralized servers.

◽️ “Japan Open Chain” is a public blockchain optimized for business, emphasizing legal and technical practicality.​​

Validators

Japan Open Chain (JOC) is an Ethereum-compatible Layer1 Public Blockchain co-operated by leading companies including CORGEAR, a startup within Sony Group, NTT Communications, Dentsu, TIS. The chain focuses on legal and technical practicality, making it the most suitable public blockchain for business use cases. JOC is fully compatible with Ethereum, and it enables anyone in the world to use blockchain and operate business on it confidently, safely, and affordably. It is particularly ideal for applications in the financial and business sectors.

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【Main Features】

• Operated safely and securely by Japanese companies.

• Validators consist of companies that have passed appropriate screening.
• Operating in compliance with Japanese law, providing a clear legal basis.

• Ethereum fully compatible chain utilizing PoA (Proof of Authority)

• Fully compatible with Ethereum, allowing for the use of Ethereum protocol-developed tools and smart contracts as-is.
• The Proof of Authority (PoA) algorithm achieves a balance between decentralization and scalability, incorporating practical considerations into its design.
• Provides high security performance thanks to adequate decentralization, network stability and controllability, and is energy-efficient and environmentally friendly.

• Optimal Design for web3 Business with Fast and Affordable Fees

• Achieves processing speeds tens of times faster than the Ethereum mainnet.
• Fees for issuing NFTs are less than 1 yen per transaction.
• Eliminates settlement risk through deterministic finality.

• Projects by Large Corporations and Local Governments Underway

• Financial DX projects through the issuance of Japan-based stablecoins by banks.
• Various NFT projects by local governments, including "Digital Citizen Certificates".

◽️ About The Graph

The Graph is the source of data and information for the decentralized internet. As the original decentralized data marketplace that introduced and standardized subgraphs, The Graph has become web3’s method of indexing and accessing blockchain data. Since its launch in 2018, tens of thousands of developers have built subgraphs for dapps across 90+ blockchains.

For more detailed information.

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