bitFlyer, a Japan-based cryptocurrency exchange, has launched blockchain consulting service to meet requests from new businesses on blockchain technology.

The consulting service has been launched by the company’s blockchain division, BitFlyer Blockchain.

The cryptocurrency exchange noted that its new service will target businesses that are looking at using blockchain technology for the first time.

The service help businesses in finalising their business concepts, planning, project management, and business development, the company said in its press statement.

The newly rolled service will also assist companies that are weighing new kinds of blockchain applications.

“There is a need to consider ‘creating new businesses’ and ‘business innovation’ utilising blockchain,” the press statement.

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By GlobalData

The cryptocurrency exchange believes that the newer applications of blockchain can be specifically explored in the fields of finance, manufacturing and distribution, and technology and communications.

The new service will be in addition to the BaaS, Joint Business, miyabi Core, and regtech services offered by bitFlyer.

Through the newly launched consulting service, the Japanese firm is looking to target companies venturing into industries such as finance, manufacturing, technology, real estate, and public sectors.

Founded in 2014, bitFlyer enables its customers to buy, sell, and spend bitcoins. The platform offers an application programming interface (API) which allows the users to access and control their accounts, using custom-written software.

The Tokyo-based firm has subsidiaries in Europe and the US. In also offers businesses e-commerce payment services that can transfer Bitcoin in order to provide users with secure trading.