Recruit Co., which specializes in human resources, has announced the provision of funding to the Beam cryptocurrency development team through the RSP Blockchain Tech Fund established in November. The corresponding statement was published on the company's website on February 18.
As Recruit notes, currently there is an increase in the number of tokenized settlement and exchange services, which gives rise to certain expectations related to the use of the blockchain in corporate activities. Many of them, however, leak sensitive data. The Beam Token provides a blockchain with the function of preventing the spread of transaction data to third parties, and protects user transaction data, Recruit said.
The company also notes that it shares the concerns of regulators related to the possible abuse of cryptocurrency opportunities, and promises to support not only technological, but also the legal development of this space.
It does not disclose the amount of investment in the Beam and the terms of the agreement. The capital of the RSP Blockchain Tech Fund is $ 25 million. The fund focuses on overseas projects that use tokens in their models.