Japanese Web3 Startup Joba Network Secures Investment from Decima Fund

Joba Network, a Web3 startup headquartered in Tokyo, Japan, has secured an investment from Decima Fund, a Web3 investment firm based in Japan. The funding round also saw participation from a group of angel investors. The exact amount of the investment remains undisclosed.

The investment is intended to support Joba Network’s change of traditional work practices by utilizing verified identities on the blockchain. The funding announcement is expected to support Joba Network in advancing infrastructure development and facilitating its entry into the Japanese market. 

The Japanese startup operates as a decentralized platform leveraging blockchain and AI technologies. Its primary aim is to enable individuals to establish on-chain reputations and develop universal credit for their identities. Targeting the emerging global digital nomad community and businesses operating in the online economy, Joba Network emphasizes trust and security within its ecosystem.

Joba Network employs AI to match freelancers with businesses based on their qualifications and professional backgrounds. Through on-chain verification of their identity, users can maintain anonymity while ensuring secure interactions with potential clients. The Japanese startup is a conduit, collaborating with government and financial institutions to implement on-chain credential technology for verifying individuals globally. The advancement aims to empower platform users to access financial services such as loans or visas, leveraging their experience in remote work.

Marisa McKnight, CEO of Joba Network, expressed the company’s mission to reshape remote work landscape after the COVID-19 pandemic. “People have been working remotely and distributed, but they often lose access to the services and benefits that large corporations can offer. At Joba, we address this challenge by empowering individuals and businesses to have a safe and secure way to transact, earn an on-chain reputation, and experience new opportunities,” she added. 

Ken Kitahara, General Partner of venture capital firm Decima Fund, commended Marisa’s dedication to addressing the challenges faced by remote workers. “We are proud to back Joba in its journey to help talent find the best opportunities to create value and truly believe Joba will have a substantial impact on advancing on-chain work,” Ken stated. 

Joba Network’s goal is to tackle enduring challenges within the gig economy, including data privacy issues, the inefficiencies of conventional verification systems, and the absence of a standardized global framework for work credentials. 

Using blockchain technology and artificial intelligence, Joba strives to establish a decentralized and secure environment beneficial for both workers and employers.

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