NTT Docomo and Accenture aim to speed up global Web3 adoption and position Japan as the leader of Web3 markets.
NTT Docomo, a Japanese mobile phone operator, has joined forces with information technology service firm Accenture to adopt Web3 to address social issues.
According to the press release shared on November 8th, during the collaboration, companies aim to “promote ESG (Environmental, Social and Governance) issues, establish a secure technology platform for Web3, and develop talent.”
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For promoting ESG issues, companies aim to conduct case studies addressing ESG issues, including those of the United Nation's Sustainable Development Goals. On the other hand, both companies will work on developing and growing technology platforms. Lastly, the companies are set to create training courses “for those interested in working in the Web3 field, including engineers and business leaders.”
NTT Docomo President & CEO Motoyuki Ii, when talking about the collaboration, said:
Docomo, in collaboration with Accenture, will revolutionize social infrastructure by utilizing blockchain and building a safe and secure Web3 environment. We will build an environment where the power of creators and developers can come together.
Based on the press release, the main goal of this collaboration is to facilitate global Web3 adoption by positioning Japan as a leader among Web3 markets. A Senior Managing Director at Accenture, Atsushi Egawa, noted:
Our collaboration with NTT Docomo is designed to create an industry platform leveraging blockchain and other digital technologies. We will help accelerate adoption of Web3 by leveraging the expertise we have gained in regional development through our collaborations with stakeholders from industry, government and academia.
The news shared by the portal Nikkei Asia revealed that NTT Docomo is planning to invest around 600 billion yen (around $4 billion) to build Web3 infrastructure and services.
At the end of October, NTT Docomo partnered with a multi-chain smart contract platform Astar Network “to solve social issues utilizing the concept of the decentralized autonomous organization (DAO).” The companies will aim to solve regional development challenges and address environmental problems.