CRYPTO NEWS: NTT IS INVESTING 4 BILLION USD IN WEB3.

NTT IS INVESTING 4 BILLION USD IN WEB3

NTT IS INVESTING 4 BILLION USD IN WEB3. AS PART OF A $4 BILLION INVESTMENT IN THE INDUSTRY, NTT DOCOMO PARTNERED WITH ACCENTURE TO DEVELOP A DIGITAL PLATFORM FOR WEB3.

NTT DOCOMO, THE LARGEST MOBILE PHONE PROVIDER IN JAPAN, PARTNERED WITH ACCENTURE TO INVEST UP TO $4 BILLION (BETWEEN 500 AND 600 BILLION YEN) ON WEB3, THE NEXT GENERATION OF INTERNET TECHNOLOGY.

IN ADDITION, THE PARTNERS WILL OFFER TRAINING PROGRAMMES FOR ENGINEERS AND BUSINESS EXECUTIVES WHO ARE INTERESTED IN THE SECTOR.

NTT IS INVESTING 4 BILLION USD IN WEB3:

NTT IS INVESTING 4 BILLION USD IN WEB3
NTT IS INVESTING 4 BILLION USD IN WEB3

ACCESSED FROM THE WEB3 SPACE:

NTT DOCOMO AND ACCENTURE WILL CONCENTRATE ON THREE PRIMARY AREAS, ACCORDING TO A RECENT PRESS RELEASE: TACKLING ESG CHALLENGES, CREATING A TECHNOLOGY PLATFORM FOR WEB3, AND FOSTERING TALENT.

THEIR MAIN OBJECTIVE IS TO PROMOTE THE ADOPTION OF WEB3 ON A GLOBAL SCALE, HIGHLIGHT ITS ADVANTAGES FOR CONSUMERS, AND ESTABLISH JAPAN AS A CENTRE FOR THIS TECHNOLOGY. TO HASTEN THE PROCEDURES, NTT DOCOMO PLANS TO PROVIDE THE INDUSTRY UP TO $4 BILLION.

THE TELECOM’S PRESIDENT AND CEO, MOTOYUKI II, CALLED WEB3 “THE MOST SIGNIFICANT TECHNOLOGICAL ADVANCEMENT SINCE THE INTERNET.” BY IMPLEMENTING BLOCKCHAIN TECHNOLOGY AND CREATING A SECURE ATMOSPHERE FOR USERS, THE PARTNERSHIP WITH ACCENTURE WOULD CHANGE SOCIAL INFRASTRUCTURE, HE NOTED.

ATSUSHI EGAWA, SENIOR MANAGING DIRECTOR AT ACCENTURE, OFFERED THE FOLLOWING COMMENTS ON THE PARTNERSHIP:

THE GOAL OF OUR PARTNERSHIP WITH NTT DOCOMO IS TO BUILD AN INDUSTRY PLATFORM UTILISING BLOCKCHAIN AND OTHER DIGITAL TECHNOLOGIES… BY UTILISING THE KNOWLEDGE WE HAVE ACQUIRED IN REGIONAL DEVELOPMENT THROUGH OUR PARTNERSHIPS WITH PARTNERS FROM BUSINESS, GOVERNMENT, AND EDUCATION, WE WILL AID IN ACCELERATING THE ADOPTION OF WEB3.

THE JAPANESE ECONOMY IS ALREADY EMBRACING WEB3. THE TECHNOLOGY IS USED BY LOCAL BUSINESSES AND EVEN THE GOVERNMENT TO SOLVE CLIMATE CHALLENGES.

MASSIVE COMMUNICATIONS AND CRYPTO:

THE ENTRY OF A TELECOMMUNICATIONS COMPANY INTO THE BITCOIN MARKET IS NOT EXCLUSIVE TO NTT DOCOMO.

FOR THE PURPOSE OF CONNECTING AND ENHANCING THE INTEGRATION OF RENEWABLE ENERGY ASSETS, SUCH AS WIND TURBINES, HEAT PUMPS, BATTERIES, AND SOLAR PANELS, THE BRITISH MULTINATIONAL VODAFONE PARTNERED WITH BLOCKCHAIN STARTUP ENERGY WEB (EW) IN 2020.

FOR ITS APPROXIMATELY 14 MILLION TV VIEWERS, THE AMERICAN DISH NETWORK TEAMED UP WITH CARDANO LAST YEAR TO CREATE BLOCKCHAIN TECHNOLOGY. THE TELECOM IS RENOWNED FOR HAVING BEEN A PIONEER IN ITS INDUSTRY IN ACCEPTING CRYPTOCURRENCY PAYMENTS.

THE LIST ALSO INCLUDES THE SPANISH TELECOM COMPANY TELEFONICA. IN ORDER TO ENABLE CLIENTS TO PAY FOR SERVICES WITH DIGITAL ASSETS, IT PARTNERED WITH BIT2ME IN SEPTEMBER. COINS LIKE BITCOIN, ETHER, LITECOIN, USDC, AND OTHERS ARE SUPPORTED.

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CRYPTO NEWS: NTT IS INVESTING 4 BILLION USD IN WEB3.

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