bitFlyer Blockchain
bitFlyer Blockchain is a Tokyo-based subsidiary of bitFlyer Group that develops Miyabi, a proprietary private blockchain platform offering 4,000 TPS throughput and patented consensus architecture for enterprise customers in supply chain traceability and Web3 services.
- Company typePrivate
- Founded2014
- HeadquartersTokyo, Japan
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What bitFlyer Blockchain does
bitFlyer Blockchain (株式会社bitFlyer Blockchain) is a Tokyo-headquartered, privately held subsidiary of the bitFlyer Group, Japan's largest cryptocurrency exchange operator. Founded in 2014 by CEO Yuzo Kano, CTO Takafumi Komiyama, and Director/PR/IP Midori Kanemitsu, the company is structured as a focused blockchain-infrastructure business within the broader bitFlyer corporate ecosystem, operating with 11–50 employees out of the Tokyo Midtown Tower.
The company's core product is Miyabi, a proprietary private (permissioned) blockchain platform functioning as a high-performance blockchain-type database. Miyabi is built on the BFK2 consensus algorithm — patented by bitFlyer Blockchain — and is supported by additional granted patents covering hierarchical (layered) blockchain architectures for performance scaling. The platform achieves approximately 4,000 TPS in standard operation (up to ~6,000 TPS in best cases), materially outperforming competing private blockchains such as Quorum, Hyperledger Fabric 2.0, and Corda (tens to hundreds of TPS) while avoiding the congestion and fee volatility of public chains like Bitcoin and Ethereum. A companion block-explorer tool, Miyabi Explorer, was publicly released as part of a December 2022 brand refresh.
Commercially, bitFlyer Blockchain operates an inquiry-based, direct enterprise sales motion targeting corporate customers across supply chain management, inter-company traceability, and Web3 services. Pricing is not publicly disclosed; revenue is not reported; and no funding rounds have been disclosed, with the unit sustained by its parent company. Go-to-market relies heavily on executive thought leadership (CEO/CTO/Director blogs on note.mu, press releases, and the web3 Research 2023 report) and on participation in adjacent ecosystems such as the Oasys gaming blockchain as an initial validator. Customer logos are not publicly named, and the unit's financial scale is not disclosed.
bitFlyer Blockchain firmographics
Firmographics- Name
- bitFlyer Blockchain
- Legal name
- 株式会社bitFlyer Blockchain
- Website
- https://blockchain.bitflyer.com
- Company type
- Private
- Founded year
- 2014
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- bitFlyer Blockchain is a Tokyo-based subsidiary of bitFlyer Group that develops Miyabi, a proprietary private blockchain platform offering 4,000 TPS throughput and patented consensus architecture for enterprise customers in supply chain traceability and Web3 services.
- Ownership category
- akta.pro rank
bitFlyer Blockchain industry classification
Industry- Product category
- Enterprise Blockchain Infrastructure
- NAICS
- Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518), Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200)
- akta.pro primary industry
- Trade Finance & Supply Chain Tokenization (invoices, bills of lading, provenance) (FSAPAIAK)
- akta.pro secondary industry
- Interoperability & Integration Middleware (ERP/core banking connectors, messaging, APIs, cross-chain to permissioned) (FSAPAIAL)
Keywords
Where bitFlyer Blockchain is headquartered
LocationHeadquarters
- HQ city
- Tokyo
- HQ country
- Japan
- HQ region
- Asia
Offices1 record
Markets served
bitFlyer Blockchain business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Operations
Distribution channels1 record
Marketing channels3 records
bitFlyer Blockchain product offering
Product offeringCore offering
bitFlyer Blockchain develops and operates Miyabi, a proprietary private blockchain platform for enterprise use. The platform leverages a patented BFK2 consensus algorithm capable of processing up to 4,000 transactions per second (best case 6,000 TPS). Founded in 2014 as a Tokyo-based subsidiary of the bitFlyer Group, the company sells blockchain infrastructure directly to corporate customers rather than operating a public chain or exchange.
Product overview
bitFlyer Blockchain offers a platform centered on its proprietary private blockchain product called Miyabi, which serves as a high-performance blockchain database with smart contract capabilities. The product portfolio includes Miyabi as the core blockchain engine and Miyabi Explorer as a companion block explorer tool. The company provides blockchain technology services including planning, design, development, and operational management of blockchain-based services.
Differentiator
Problem solved
Functional benefit
Brands
- Miyabi: A proprietary private blockchain developed by bitFlyer Blockchain featuring high-speed smart contract execution with 4,000 TPS throughput capability.
Products and services
- Miyabi
Quantifiable outcome
- Miyabi achieves 4,000 TPS (best case ~6,000 TPS), significantly outperforming competing private blockchains (Quorum, Hyperledger Fabric 2.0, Corda at tens to hundreds of TPS) and approaching the TPS requirements of credit card networks (VISA at 56,000 TPS)
Companies that use bitFlyer Blockchain
Customer profileSegments1 record
Ideal customer profiles1 record
bitFlyer Blockchain technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
bitFlyer Blockchain partnerships and signals
Strategic signalScale indicators1 record
Recent moves4 records
Expansion highlights4 records
bitFlyer Blockchain competitors and assessment
Company assessmentBroad incumbents
- Oracle Blockchain Platform: Oracle offers a permissioned enterprise blockchain service as part of its cloud infrastructure suite. It targets the same enterprise customers as Miyabi but with far broader scale, sales coverage, and integration with the Oracle cloud stack.
- IBM Blockchain: IBM Blockchain offers enterprise blockchain services (primarily Hyperledger-based) as part of a much larger hybrid cloud and services portfolio. It is a broad incumbent that competes in the same enterprise deals Miyabi targets.
Direct peers
- R3 (Corda): R3's Corda is a leading enterprise distributed ledger platform designed for private/permissioned financial and commercial use cases, with comparable throughput focus and an enterprise consulting-led GTM model similar to Miyabi's.
- Hyperledger (Linux Foundation): Hyperledger Fabric is the dominant open-source enterprise blockchain framework, explicitly cited in bitFlyer's competitive comparisons. Both target the same enterprise permissioned-blockchain buyer with a similar smart contract execution focus.
- Consensys (Quorum): Consensys develops Quorum, an enterprise-grade private/permissioned blockchain platform — the same product category as Miyabi. Both target enterprises needing high-throughput, permissioned networks with smart contract capability, making Consensys the most direct comparable.
- Kadena: Kadena is a hybrid blockchain (public Chainweb + private Kuro) optimized for enterprise-grade throughput. Its performance focus and permissioned offering make it a direct technical comparable to Miyabi's TPS-led value proposition.
- Digital Asset Holdings: Digital Asset builds the Canton enterprise DLT for permissioned networks with smart contracts. It competes head-to-head in financial services and inter-company data sharing use cases that are also core to Miyabi's positioning.
Emerging players
- Hedera Hashgraph: Hedera offers a high-throughput, enterprise-governed distributed ledger with permissioned services. It overlaps with Miyabi's enterprise performance and predictable-fee positioning but uses hashgraph consensus rather than a blockchain architecture.
- Polygon (Polygon Miden / Polygon Hermez / Supernet): Polygon's Supernet / appchain stack offers private, customizable blockchain environments for enterprises. It is an emerging comparable in the permissioned-appchain space where performance and enterprise controls are the key differentiators.
Others
- Oasys: Oasys is a gaming-optimized blockchain where bitFlyer Blockchain operates as a validator. It is an ecosystem partner rather than a direct competitor, but it is thematically relevant given both companies' blockchain infrastructure positioning.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat3 records
Key risks6 records
Key highlights7 records
Customer concentration
bitFlyer Blockchain social profiles
Digital presencebitFlyer Blockchain financial estimates
Financial estimateRevenue estimate
Valuation estimate
bitFlyer Blockchain leadership team
Management profileNumber of profiles
Profiles3 records
bitFlyer Blockchain funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
bitFlyer Blockchain M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about bitFlyer Blockchain
What does bitFlyer Blockchain do?
bitFlyer Blockchain develops and operates Miyabi, a proprietary private blockchain platform for enterprise use. The platform leverages a patented BFK2 consensus algorithm capable of processing up to 4,000 transactions per second (best case 6,000 TPS). Founded in 2014 as a Tokyo-based subsidiary of the bitFlyer Group, the company sells blockchain infrastructure directly to corporate customers rather than operating a public chain or exchange.
Is bitFlyer Blockchain a public or private company?
bitFlyer Blockchain is a private company. It is classified as venture growth investor backed and is currently operating.
When was bitFlyer Blockchain founded?
bitFlyer Blockchain was founded in 2014. It employs 11 to 50 people.
Where is bitFlyer Blockchain based?
bitFlyer Blockchain is headquartered in Tokyo, Japan, in the Asia region.
Who are bitFlyer Blockchain's main competitors?
Broad incumbents on record are Oracle Blockchain Platform and IBM Blockchain. Direct peers are R3 (Corda), Hyperledger (Linux Foundation), Consensys (Quorum), Kadena and Digital Asset Holdings. Emerging players are Hedera Hashgraph and Polygon (Polygon Miden / Polygon Hermez / Supernet). Oasys is listed as an others.
Does bitFlyer Blockchain have an API?
No public API is recorded for bitFlyer Blockchain.
What industry is bitFlyer Blockchain in?
bitFlyer Blockchain's product category is Enterprise Blockchain Infrastructure. Its primary akta.pro industry code is FSAPAIAK, Trade Finance & Supply Chain Tokenization (invoices, bills of lading, provenance), with a secondary code of FSAPAIAL, Interoperability & Integration Middleware (ERP/core banking connectors, messaging, APIs, cross-chain to permissioned). Its NAICS code is 518 and its SIC code is 6200.