Jul 11, 2023 16:38 JST

Source: NTT DOCOMO

DOCOMO Accelerates web3 Business through its subsidiary, "NTT Digital"
Partnering with diverse companies to develop systems, use cases and more

TOKYO, Jul 11, 2023 - (JCN Newswire) - NTT DOCOMO, INC. announced today that they will expand their web3 businesses through its subsidiary, NTT Digital, which will develop web3 systems, use cases, and more. DOCOMO also announced that NTT Digital has formed partnerships with 13 companies in diverse industries.

NTT Digital aims to become a web3 enabler(1) for the global implementation of blockchain and other cutting-edge digital technologies, specifically to help individuals and companies easily and securely use web3 services and blockchain technology. The subsidiary will collaborate with partners and leverage DOCOMO's extensive mobile-business expertise and NTT Group's knowledge in security and payments. Initiatives will include the development and expansion of web3-related systems, the management and trading of content using non-fungible tokens (NFTs), FinTech business including the use of cryptocurrencies and stablecoins(2), and the creation of use cases such as the self-management of personal data using decentralized identifiers (DIDs).

As a first step, NTT Digital is developing a token wallet to serve as an entry point to web3 services. The wallet is expected to provide secure and user-friendly experiences with web3 and blockchain technologies operating discreetly in the background including features such as private key backup, biometric authentication, and monitoring to prevent illicit transactions. NTT Digital expects its token wallet to become available within the year.

Going forward, DOCOMO, working through its subsidiary NTT Digital, plans to collaborate with diverse partners to promote the widespread adoption and implementation of web3.

(1)Web3 enabler is a generic term to describe common functions and measures to use blockchain technology and services securely and safely
(2)Blockchain-based currencies or tokens designed to have relatively stable value to fiat currencies

About NTT DOCOMO

NTT DOCOMO, Japan's leading mobile operator with over 86 million subscriptions, is one of the world's foremost contributors to 3G, 4G and 5G mobile network technologies. Beyond core communications services, DOCOMO is challenging new frontiers in collaboration with a growing number of entities ("+d" partners), creating exciting and convenient value-added services that change the way people live and work. Under a medium-term plan toward 2020 and beyond, DOCOMO is pioneering a leading-edge 5G network to facilitate innovative services that will amaze and inspire customers beyond their expectations.

For more information, visit www.docomo.ne.jp/english/.

Source: NTT DOCOMO
Sectors: Blockchain Technology

Copyright ©2023 JCN Newswire. All rights reserved. A division of Japan Corporate News Network.

Related Press Release


Space Compass, NTT DOCOMO, NTT and SKY Perfect JSAT to Develop Direct-to-Device Service via Space-based Non-terrestrial Network
December 08 2023 16:34 JST
 
DOCOMO to Showcase Diverse Technologies at docomo Open House '24
November 22 2023 19:39 JST
 
NTT DOCOMO Group Furthers Commitment to Carbon Neutrality by 2040, Targeting Net-Zero Greenhouse Gas Emissions Across its Supply Chain
November 07 2023 12:50 JST
 
NTT DOCOMO Completes Public Tender Offer for INTAGE HOLDINGS Common Stock
October 17 2023 17:26 JST
 
OREX Announces OREX Open RAN Service Lineup
September 27 2023 13:33 JST
 
DOCOMO to Transfer Ownership of 1,552 Telecommunication Towers to JTOWER to Promote Infrastructure Sharing
September 27 2023 09:03 JST
 
NTT DOCOMO to Launch Public Tender Offer for Common Stock of INTAGE HOLDINGS, Aiming to Conclude Capital and Business Alliance
September 07 2023 15:28 JST
 
NTT DOCOMO group to release trial AI system for monitoring river and reservoir water levels
June 30 2023 10:27 JST
 
KT, NTT DOCOMO, Fujitsu, SOLiD, Keysight and ETRI Successfully Conducted Multi-vendor Interoperability Tests Using Virtualized Open RAN and Demonstrated at Global O-RAN PlugFest Spring 2023
June 15 2023 08:12 JST
 
NTT DOCOMO Announces New Management Team
May 12 2023 12:37 JST
 
More Press release >>

Latest Press Release


More Latest Release >>