Japan: Digitize a nation or preserve the status quo?

user avatar

by Giorgi Kostiuk

2 years ago


Japan is poised for new digital transformations thanks to initiatives presented at the eighth meeting of the Digital Reform Council.

Digital initiatives at the eighth meeting

The eighth Council meeting gathered Prime Minister Shigeru Ishiba and Digital Transformation Minister Masaaki Taira. Discussions included plans to introduce AI, drones, NFTs, and other technologies, as well as to create a cloud-based data sharing system.

For digitalization, we want a Japanese-made NEC system! … It is not okay to adopt systems made by China or South Korea!an unnamed critic

Public reaction

The public expresses doubts about the new course. Possible consequences of implementing digital technologies, such as using NFTs for regional initiatives and replacing jobs with robots, are discussed. Critics argue that this could lead to uncontrolled changes in society.

Opposition to digital control

Some fear the potential strengthening of state control through the use of digital technologies. The digitalization project is perceived as a threat to personal freedom and a potential increase in costs due to the weak yen. Opponents of former minister Taro Kano express criticism, especially regarding cooperation with foreign companies.

Japan's digital transformation leads to mixed reactions: it offers innovative paths but raises concerns about the future of society.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Kraken Parent Payward Secures Approval for Kazakhstan Operations

Payward has received in-principle approval from the Astana Financial Services Authority for its proposed operations in Kazakhstan.

user avatarKofi Adjeman

Central Bank of Ireland Imposes Fine on Coinbase Ireland Limited

On October 22, 2023, the Central Bank of Ireland fined Coinbase Ireland Limited 3,252,618 euros for breaches of safeguarding and outsourcing obligations.

user avatarNguyen Van Long

HashKey RWA Introduces First Product in hToken Series

HashKey RWA has launched its first product in the hToken series, aimed at standardizing the issuance of tokenized securities for traditional financial institutions.

user avatarSatoshi Nakamura

Coinbase Announces Discontinuation of GYEN Stablecoin Support

Coinbase has announced the discontinuation of support for the yen-linked GYEN stablecoin as its issuer, GMOZcom Trust Company, retires the product.

user avatarJesper Sørensen

Hong Kong Approves Secondary Trading for Tokenized Money Market Funds

Hong Kong Securities and Futures Commission approves secondary trading for two tokenized money market funds, enhancing trading opportunities and liquidity.

user avatarRajesh Kumar

Bitmine Immersion Technologies Reports Significant Ethereum Holdings

Bitmine Immersion Technologies has filed an update with the SEC revealing significant Ethereum holdings of approximately 605 million ETH and total investments around $15 billion.

user avatarLucas Weissmann

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.