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Blockchain situation in Japan in 2018

The word «blockchain» is becoming familiar in daily life in Japan; we hear the word through various media such as: TV news, social networking, economic newspapers and so on. Even Japanese comic books explain about blockchain.

Most importantly, all of them talk about the potential of blockchain technology. As corporations are well-aware of the potential, some of them have already made a move towards using the technology in order not to fall behind.

What happened in Japan in 2018 in terms of blockchain technology?

Here are some events that took place in 2018.

In October, Japan's largest blockchain event «WORLD BLOCKCHAIN ​​FESTIVAL 2018» was held at the Saitama Super Arena.

Under the theme of «Create the Future, Change the World», the event introduced various perspectives to the technology.

At the event, projects using blockchain technology were introduced, for instance: creating regional opportunities, solving social problems and revitalizing local communities.

The innovators gathered from Japan and foreign countries; they were passionate about the potential of blockchain and future possibilities.

In addition to individuals, leading companies and organizations involved in blockchain and crypto-currencies were sharing information on the current situation and the latest trends.

An American celebrity, Mariah Carey, appeared as a special guest, which is an indication of how significant the event was good.

In November, another event «Japan Blockchain Tech Summit 2018» was held at Akihabara UDX, focusing on blockchain technology rather than crypto-currencies.

Instead of facilitating a traditional way of regarding crypto-currencies as speculative investment, this event focused on blockchain technology itself sharing the characteristics and prospects of the technology through industry key people and the media.

The well-designed exhibition booths and various events allowed the participants and the exhibitors to communicate openly in the event venue.

There were easy-to-understand examples and multilingual explanations given by overseas projects to make the participants feel easy about the technology. It seemed that the event successfully eliminated the concept that blockchain is limited to finance.

Some other events were held in 2018. Parliamentarians, corporate managers and owners, and even ordinary people started looking at the possibility of blockchain.

By looking at this trend, blockchain technology and the research will be accelerated further in 2019.

Blockchain technology will be indispensable in Japan's economy and industries. We won’t need to wait so long for it to be part of our daily life.

12 Mar 2019 BlockchainJAPAN2018



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