[NEWS] NTT Digital outsources METI's Web 3.0 project

NTT Digital has announced that it has been entrusted with the demonstration project work, presenting its efforts in the co-creation project "Web 3.0 Jam" in response to the public call for proposals for theme 1-2 "Building a digital market for physical and intangible assets" in the METI's FY2023 supplementary budget project "Demonstration project for building digital public goods using Web 3.0 and blockchain."

Web 3.0 Jam is an initiative that verifies the possibilities of new marketing across companies. It is an initiative that leads to the creation of new use cases with a high level of public interest, and NTT Digital will continue to work on the social implementation of the latest digital technologies, including blockchain technology, through this demonstration project.

This demonstration project will set up use cases with a high level of public interest that will contribute to solving problems in industry and society, and will support demonstrations related to the construction of digital public goods using Web 3.0 and blockchain in each industry or across industries.

In this support, we aim to lower the costs and risks for the industry as a whole by disclosing concrete results and methods that will make private businesses aware of the benefits, and to support the formulation of data standards as digital public goods, the construction of a data integration infrastructure, and the development of guidelines and rules as public goods, thereby creating new use cases that go beyond speculative Web 3.0 businesses, and accelerating the social implementation and social acceptance of Web 3.0 and blockchain.

Web 3.0 Jam is a project operated by NTT Digital that aims to realize smooth corporate collaboration using blockchain.

Project "Web 3.0 Jam"

We will consider ways to co-create on various social themes with multiple supporting companies. We will explore new possibilities for co-creation that transcends industry boundaries.

As of May 22, 14 companies have supported the project. The background to the project is that in modern society, companies are expected to not only generate profits but also fulfill social responsibilities. By collaborating with various companies, we aim to create a way to create social value while maintaining economic rationality. 

When promoting corporate collaboration, there is an issue that each company has its own database and there is no compatibility. Therefore, by utilizing blockchain technology, which features interoperability, it will be possible to more smoothly advance co-creation between companies.

Web3.0Jam will use blockchain technology with multiple supporting companies to consider ways to co-create on social themes.

NTT Digital will consider and provide tools that utilize Web3.0 technology necessary for project conception, corporate collaboration support, and execution. By utilizing the tools, NFTs will be distributed, received, utilized, and the effects measured across companies.

The social themes will be "Unearthing the potential of the region," "Achieving health while having fun," and "Connecting with truly important things and people."

Supporting companies include Ajinomoto, Asahi Soft Drinks, Konami Digital Entertainment, JR Kyushu, Mitsubishi Jisho, Sanrio, Tokyo Dome, Tokyu, Welcia Pharmacy, and Yamaha Motor, making up 14 companies.

Reference: Announcement
image:Announcement

Related articles:

PlayMining supports overseas expansion of "Sake World NFT"

Microsoft and Samsung develop a rival product to Vision Pro headset