Blockchain-Based OS

Former Mt Gox CEO Launches Startup To Build Blockchain-Based OS

ยท in Crypto News
Basil has three years of freelance experience writing on disruptive technologies. He focuses on breaking news and education pieces; helping to spread the gospel of Blockchain. He hopes to have his own blockchain company one day; helping the world through its innovative ledger technology.

Mark Karpeles, former Chief Executive Officer of defunct crypto exchange Mt Gox, is “starting from zero” with a new blockchain-based OS cloud company, as reported by Coindesk.

Speaking with reporters at the Foreign Correspondents Club of Japan on Wednesday, The Mainichi reports, Karpeles said his new startup would develop a secure operating system based on blockchain that will outdo current systems in terms of speed.

A Blockchain-Based OS

The former CEO will act as the chief technology officer of the new Japan-registered firm, Tristan Technologies Co.

In comments that seem aimed to repair his reputation in the country, Karpeles said he hopes the tech will help restore Japan as a global tech leader after its advantage had been lost to U.S. tech giants, namely, Apple, Facebook, and Amazon in recent years.

He stated:

Japan used to be engineering superpower in terms of its personal computers, but at the moment, taking the cloud, for example, this position is dominated by the United States. But I still believe in potential Japan has, and I would like to develop that.”

According to the report, the former Mt. Gox CEO indicated that he currently does not hold any cryptocurrencies and that they are a high-risk asset. “I wouldn’t say I’m rich today,” he added.

While cautious of crypto risks, he says he still believes blockchain technology has a lot to offer and multiple uses—including cashless payments, cloud solutions, and smart contracts.

The Data Manipulation Case

Just a few months ago, he got cleared in a Tokyo court on charges of embezzlement and breach of trust. However, he was found guilty of manipulating the exchange’s data, receiving a suspended sentence of 2.5 years. He later indicated he would appeal the conviction, saying in late March:

During the opening of my trial in 2017, I swore to God that I am innocent of all charges. I believe appealing to the judgment is appropriate so that I can be judged again in full consideration of all the facts.”

If his appeal for manipulating electronic data fails, he could face up to 10 years in prison.

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