Close Menu
  • Home
  • Economic News
  • Stock Market
  • Real Estate
  • Crypto
  • Investment
  • Personal Finance
  • Retirement
  • Banking

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

What's Hot

Four Frequent Money Worries – And What To Do About Them

July 29, 2025

Bitcoin Long-Term Holders Begin Distribution: Mirroring Fall 2024 Cycle

July 29, 2025

Spheron Network Partners with Datagram to Revolutionize Real-Time Apps and DePIN Deployment

July 29, 2025
Facebook X (Twitter) Instagram
  • Contact Us
  • Privacy Policy
  • Terms Of Service
Tuesday, July 29
Doorpickers
Facebook X (Twitter) Instagram
  • Home
  • Economic News
  • Stock Market
  • Real Estate
  • Crypto
  • Investment
  • Personal Finance
  • Retirement
  • Banking
Doorpickers
Home»Crypto»PwC, NTT Digital to develop ‘digital public goods’ using Web3, blockchain
Crypto

PwC, NTT Digital to develop ‘digital public goods’ using Web3, blockchain

August 21, 2024No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

Innovative Initiative Launched by METI to Promote Digital Public Goods in Japan

In a move to advance Japan’s digital agenda, the Ministry of Economy, Trade and Industry (METI) has introduced a groundbreaking initiative aimed at enhancing the adoption of digital public goods among businesses and consumers.

Known as the “Demonstration Project for Building Digital Public Goods Using Web 3.0 and Blockchain,” this initiative seeks to explore new and practical applications of blockchain technology in Japan. Collaborating with industry leaders such as PwC, Rakuten, and NTT Digital, METI is leading the way in these pilot studies.

The project will focus on four key themes that cover various sectors of the national economy. One of the highlights includes the creation of marketplaces for tokenizing real-world assets, with NTT Digital and Leaf taking the lead in developing innovative solutions.

A notable aspect of the project is the establishment of an RWA marketplace for Leaf’s Sake World, enabling consumers to purchase Japanese alcoholic beverages while owning unique digital collectibles in the form of NFTs.

Rakuten will be responsible for developing an image rights management platform using smart contracts, while PwC will drive Web3-based intellectual property protection initiatives. Additionally, the Hiroshima Web3 Association will spearhead efforts to promote “regional revitalization” through governance tokens on distributed ledgers.

While METI had to revise its initial plans for an information-sharing platform due to budget constraints, the remaining projects under the initiative received substantial grants to support their development, with the RWA marketplaces securing $307,000 in funding.

This strategic move by METI aligns with Japan’s vision to integrate physical and digital realms, facilitating widespread adoption of cutting-edge technologies. The project is also expected to inform policymakers in drafting robust regulations for blockchain and digital assets, akin to the EU’s Horizon 2020 grants.

Japan’s Embrace of Web3 Technology

Japan has been at the forefront of integrating Web3 technology across various sectors, with government entities leveraging NFTs to incentivize high-performing officials. Prime Minister Fumio Kishida has emphasized Web3 as a fundamental component of “new capitalism,” leading to the establishment of a dedicated Web 3.0 Policy Office in 2022.

In a recent development, the village of Yamakoshi utilized NFTs to address demographic challenges, raising substantial funds for community projects and showcasing the potential of this innovative approach.

“If successful, this strategy could revolutionize fundraising in rural Japan, potentially raising billions while showcasing innovative social technologies with global appeal,” commented Yuri Group.

Stay tuned for more updates on the evolution of Web3 technology.

Blockchain develop digital goods NTT Public PwC Web3
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Bitcoin Long-Term Holders Begin Distribution: Mirroring Fall 2024 Cycle

July 29, 2025

Spheron Network Partners with Datagram to Revolutionize Real-Time Apps and DePIN Deployment

July 29, 2025

Mapping Bitcoin’s climb to $122K and why stablecoins can spoil the party

July 28, 2025
Add A Comment
Leave A Reply Cancel Reply

Top Posts

COZ releases Neon v3.1.0, featuring improved usability with Ledger and beta support for Linux

October 8, 20240 Views

SIM Acquisition Corp. I Prices 20M Unit IPO at $10/unit

July 20, 20240 Views

How Much Does Obamacare Insurance Cost?

June 12, 20250 Views
Stay In Touch
  • Facebook
  • YouTube
  • TikTok
  • WhatsApp
  • Twitter
  • Instagram
Latest
Personal Finance

Four Frequent Money Worries – And What To Do About Them

July 29, 20250
Crypto

Bitcoin Long-Term Holders Begin Distribution: Mirroring Fall 2024 Cycle

July 29, 20250
Crypto

Spheron Network Partners with Datagram to Revolutionize Real-Time Apps and DePIN Deployment

July 29, 20250
Facebook X (Twitter) Instagram Pinterest
  • Contact Us
  • Privacy Policy
  • Terms Of Service
© 2025 doorpickers.com - All rights reserved

Type above and press Enter to search. Press Esc to cancel.