The world is rapidly evolving, and with it, the advancement of technology is bringing about drastic changes. The rise of artificial intelligence (AI) is considered the advent of the “AI New Era.” In response to these changes, Japan’s web3 project team (web3PT) of the Liberal Democratic Party Digital Society Promotion Headquarters proposed the “web3 white paper” to Prime Minister Kishida on May 9th.
The white paper summarizes the discussions of the web3PT and calls for the formulation of a national strategy for the new era that responds to these rapid and drastic changes of the times. In his proposal regarding web3, the team leader said, “Because our country has overcome many hardships in the cryptocurrency industry, we are in a position to convincingly persuade the world of the immeasurable future of web3.” Based on the fact that Japan is ahead of the rest of the world in web3, he showed the potential of the future of web3 that Japan will open up.
The white paper has the first chapter titled “JAPAN IS BACK, AGAIN” and appeals that “this country was once becoming the center of web3.” The arrival of “Crypto Asset Winter” has been evaluated as “an opportunity to shed light on the resilience of Japan’s web3 environment, which was about to be forgotten by the world.” At “Consensus 2013,” Japan’s regulatory advancement was once again evaluated, and “Why Japan Is Embracing Crypto” was held as the first country-themed session at Consensus.
The web3PT is not the only project team calling for a national strategy for the new era. The “Project Team on AI Evolution and Implementation” also made recommendations. The AI development competition is heating up, with Google announcing an AI platform that supports about 40 languages, including Japanese, against the open AI/Microsoft camp that precedes ChatGPT.
The white paper has three subtitles, “Towards an era where everyone can utilize digital assets,” “Issues that should be addressed immediately to promote web3,” and “Discussions should be started and deepened in anticipation of further development of web3.” These issues are organized, and the white paper outlines the necessary steps to be taken to promote the adoption of web3 in Japan.
In conclusion, the web3 project team’s proposal to Prime Minister Kishida is a crucial step towards Japan’s adoption of web3 and the formulation of a national strategy for the new era. It is a call to action for Japan to once again become a leader in the field of technology and embrace the changes that are happening in the world.
