Japan’s Ministry of Economy, Trade and Industry (METI) launched a “Demonstration Project for Building Digital Public Goods Using Web 3.0 and Blockchain”. METI believes that most mainstream businesses don’t appreciate the potential of public blockchains for practical use cases. That’s in part because of its association with speculation, but also because it’s not an easy technology to adopt for individual companies. Hence, it wants to develop a series of public goods across various industries, beyond the speculative use cases. It started with five themes, and today it announced six contract winners, including NTT Digital, PwC and Rakuten.
It identified five themes for the projects:
The circular economy theme was subsequently dropped.
Article continues …
Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.
