Prime Minister Fumio Kishida Champions Web3 Technology at WebX Conference in Japan
The much-awaited WebX conference, known as Asia’s largest global conference, finally kicked off on July 25th, bringing together major players, startups, companies, investors, government officials, media, and visitors from Japan and around the world. Organized by CoinPost Co., Ltd., the event promises to be a crucial platform for discussions and collaborations within the emerging technology landscape.
The opening address at WebX was delivered by Koichi Hagiuda, chairman of the Liberal Democratic Party’s Policy Research Council, who expressed unwavering support for Web3 startups. As apprehensions regarding adopting the emerging Web3 technology continue to grow worldwide, Hagiuda emphasized Japan’s superiority in this field. He pointed out that Japan has already established a rigorous regulatory environment, prioritizing the protection of individuals, and highlighted the collaboration between the government, political circles, and the private sector to promote Web3.
Crucially, Hagiuda stressed the global nature of Web3 and underscored the significance of building strong networks overseas. To support this, the Ministry of Economy, Trade and Industry initiated the “Start Next Innovator” project, which has already dispatched around 1,000 entrepreneurs and students to Silicon Valley over the past five years. Additionally, the Ministry of Economy, Trade and Industry’s new initiative, “J-StarX,” scheduled to commence this fiscal year, aims to expand dispatch areas to include the United States, France, Singapore, and other countries. By leveraging these startup support measures, Hagiuda expressed optimism for the emergence of excellent startups.
Prime Minister Fumio Kishida also graced the event with a video message, touching upon the Kishida administration’s vision of “new capitalism,” which prioritizes resolving social issues as the catalyst for growth. Recognizing the transformative potential of Web3 in reshaping the conventional Internet framework and bringing about social change, the government is actively working to enhance the environment for fostering Web3.
In his video message, Prime Minister Kishida conveyed his expectation that the WebX conference would serve as a pivotal gathering for industry stakeholders to discuss the future of the technology and accelerate business collaboration between Japan and other nations. Significantly, he expressed a strong desire to witness major Japanese companies announcing large-scale projects aimed at constructing a valuable economic zone within the Metaverse space.
“I hope that the Web3 industry will regain its attention and vitality, and that various new projects will be born,” exclaimed Prime Minister Kishida, underlining his enthusiasm for the potential of Web3.
The WebX conference has already become a significant event for the tech industry, attracting attention not only from Japan but also from around the globe. As discussions unfold and collaborations are forged, the world eagerly awaits the outcome of this gathering, hoping for the birth of groundbreaking projects and advancements in the dynamic realm of Web3 technology.
Read more:
- The Rise Of Asian Crypto Hubs: Singapore, Japan, Hong Kong And South Korea Dominate The Market
- Asia’s Bitcoin Supply Surges To Highest Level Since 2016: Glassnode Data
- Japan Eases Tax Rules On Corporate Crypto Assets