Omakase Co., Ltd. Starts Supporting Blockchain Node Setup and Data Acquisition for Audit Firms
Omakase Co., Ltd. (Headquarters: Nishi-ku, Osaka City, President: Eisuke Watanabe, hereinafter “Omakase”) announces the launch of blockchain node setup and data acquisition services for audit firms, and reports having secured orders for these services. This service will enhance the efficiency of audit operations and reduce the burden on audit firms.
The blockchain industry is forecast to reach approximately USD 825.93 billion by 2032 (about 47 times the value in 2023)*1, and the use of blockchain technology is expanding within Japan. The government’s “Regional Revitalization 2.0” policy*2 also mentions the use of blockchain, and its implementation is expected to advance across various industries.
However, in the “Web3 White Paper 2024” released by the Digital Society Promotion Headquarters Web3 Project Team of the Liberal Democratic Party in May 2024, the “securing of audit opportunities” for Web3 companies has been pointed out as an urgent issue. Additionally, in the “Research on Issues Related to Audit Engagements in Web3.0 Related Companies” released by the Japanese Institute of Certified Public Accountants in November 2023, the lack of understanding of blockchain and auditing tools is identified as one of the challenges.
Overview of Provided Services
Omakase offers the following services to address these issues:
- Blockchain Node Setup
- Supporting the setup of blockchain nodes for auditing purposes.
- Data Acquisition Support
- Optimizing the method for obtaining necessary audit data, confirming data integrity, and reducing time spent.
By introducing these services, the workload of audit firms will be reduced, and total costs will be cut. Furthermore, through Omakase’s technical support, many audit firms will be able to work on high-quality audits of Web3 companies, contributing to the creation of a business environment that promotes the development of Web3 businesses within Japan.
Omakase will continue to strengthen its provision of solutions for audit firms and support the development of blockchain technology and the strengthening of corporate audit systems.
*1: Fortune Business Insights, “Blockchain Market“
*2: Cabinet Office, “Basic Concept of Regional Revitalization 2.0“