DOCOMO, Accenture team up to expand Web3 use

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Japanese mobile network operator NTT DOCOMO and Accenture have announced a partnership to promote the use of Web3 technologies in the country. 

Utilizing the strengths of Web3, the two companies will work on three domains, including applications for environmental, social and corporate governance; technical infrastructure for secure use of Web3; and development of human resources.

According to an announcement on November 8, DOCOMO will provide its expertise in solving social problems, based on its long experience in operating telecommunication networks. Accenture will be involved in building a foundation for future overseas expansion, and will utilize its expertise gained through regional development activities in Aizuwakamatsu City, Fukushima Prefecture, and other areas.

In the “Application ot the ESG/SDGs Domain,” the project aims to create examples and methods of problem solving based on new economic principles. It also seeks to address a shortage of engineers and business leaders in related fields, which is a concern due to increasing market demand, by providing opportunities for potential candidates to gain experience.

On the same day, the Nihon Keizai Shimbun newspaper reported that DOCOMO will establish a new company to engage in Web3, due to start operating in 2023, with an investment of 500 to 600 billion yen over the next 5 to 6 years. According to the report, the company will develop an infrastructure that can provide issuance, exchange and crypto wallets in one package.

Last month, DOCOMO partnered with Stake Technologies Pte. Ltd. which is developing the Aster Network, a public blockchain from Japan, to promote the use of Web3. The company has stated that it will utilize the concept of decentralized autonomous organization (DAO) to help solve social issues, similar to its collaboration with Accenture.