đđđ #Japan : PwC, #NTT Digital to develop âdigital public goodsâ using Web3, blockchain
Japan's METI Launches Initiative to Boost Digital Public Goods with Web 3.0 and Blockchain
Japanâs Ministry of Economy, Trade, and Industry (METI) has launched a new initiative to drive the adoption of digital public goods through Web 3.0 and blockchain technology. The "Demonstration Project for Building Digital Public Goods Using Web 3.0 and Blockchain" aims to explore innovative blockchain applications across various sectors in Japan.
Key Players and Project Themes:
- NTT Digital and Leaf: Developing a marketplace for tokenizing real-world assets, including Leafâs Sake World for digital collectibles.
- Rakuten: Creating a platform for managing image rights with smart contracts.
- PwC: Establishing Web3-based intellectual property protection.
- Hiroshima Web3 Association: Using governance tokens to drive regional revitalization.
Due to budget constraints, METI dropped an initial plan for an information-sharing platform but has allocated significant funding to the RWA marketplace, receiving $307,000.
Japanâs Web3 Strategy:
The initiative aligns with Japanâs broader strategy to integrate digital innovations and accelerate Web3 adoption. METI supports the development of blockchain regulations and has utilized NFTs for various purposes, including rewarding mayors and addressing community issues.
Prime Minister Fumio Kishida views Web3 as central to "new capitalism," and Japanâs proactive approach positions it as a leader in integrating digital and physical worlds, setting a global precedent for blockchain innovation.
Source - coingeek.com
