Tech companies in Japan collaborate for ‘metaverse economic zone’

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    IT service company Fujitsu said It announced that it will work with nine other companies, including automaker Mitsubishi and global bank Mizuho, ​​to create an interoperable metaverse structure.Japan metaverse economic zone.

    Many of Japan’s leading technology, manufacturing and financial companies are working together to create the infrastructure for the open metaverse that will drive the country’s Web3 strategy. The platform also runs “auto-learning avatars” that collect user information to provide a personalized Metaverse experience. The “Pegasus World Kit” helps create gamified Metaverse experiences, and its “Multi-Magic Passport” enables identification and payment methods, facilitating user interoperability within the Metaverse space.

    I hear that Japan is trying to integrate Web3 technology into its national agenda. In October, Prime Minister Fumio Kishi said, the state will invest With digital transformation services such as non-fungible tokens (NFTs) and the Metaverse. In November, the country’s digital ministry made plans to create a decentralized autonomous organization (DAO) to help government agencies enter his Web3.

    In a recent article, Anurag Wasnik, Innovation Leads for NITI Aayog’s Atal Innovation Mission, said: Potential Legal Obstacles. The selection of this expert panel is crucial for robust meta-governance. ”

    India’s economy is estimated to reach 5 trillion by 2025-26 and 7 trillion by 2030, and the country has 265 operating Special Economic Zones (SEZs), with Metaverse SEZs is not mentioned anywhere in the plans of Despite the entry of Indian brands such as Maruti Suzuki, Mondelez, HUL, and Tata’s Tanishq into the sector, Web3 has no guidelines from the Ministry of Consumer Affairs or other agencies of the government, and is operating in an unregulated sector. stay. This is concerning because Web3 will allow users to express themselves safely using avatars and even give them commands over data.

    Data security and user data privacy are also concerns in Web3, as users can use avatars to securely express themselves and even control their own data.


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