Today Japan’s largest mobile telecoms operator NTT DOCOMO announced a major web3 initiative partnering with Accenture. It also committed to investing 500 to 600 billion Yen ($3.4 bn to $4.1bn) in the web3 sector and will incorporate a subsidiary next year. It intends to use the Astar Network, a multichain smart contract platform that is one of the Polkadot blockchain’s parachains.
The financial investment will come over a period of five to six years.
It plans to engage a variety of industries by using decentralized autonomous organizations (DAOs), an alternative to a corporate entity that aims to democratize the management of blockchain protocols. Given that DAOs are evolving, there’s a risk of repeating the mistakes of enterprise blockchain consortia.
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