It was around the spring of 2021 that our company started thinking about using Web3 technology for regional revitalization.
Now, many words related to Web3, such as NFT, are being dealt with in the news. Many of Japan’s Web3 first runners are doing business in Singapore, Dubai, Portugal, the Netherlands, etc., where crypto assets are less taxed, to avoid taxation issues.
However, our company believes that Web3 technology can be used for regional revitalization, and is aiming to issue FTs for local governments in Japan. We believe that Web3’s technology should be used for socially meaningful businesses rather than speculative businesses. In considering how to utilize Web3 for regional revitalization, it is necessary to understand the meaning of technologies and terms such as blockchain, smart contract, and DAO.
In this commentary, we refer to the contents of the Ministry of Economy, Trade and Industry’s “Web 3.0 business environment development concept - From the maturity of the token economy in the future to the possibility of contributing to Society 5.0 -”.
I will explain the techniques and terminology while adding my perspective on regional revitalization, so I hope it will be useful for you as an introductory book for Web3.
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