What is the forefront of Web 3.0? Eastern Economy Special “Map of the Future of Technology” and Economist “Global Energy War”: J-CAST Company Watch[Affichage du texte intégral]

The special sections of “Weekly Toyo Keizai”, “Weekly Diamond”, “Weekly Economist” and three business magazines published every Monday are full of articles that businessmen want to follow. We will deliver a “business magazine reading comparison” which summarizes the essentials (*”Diamond Weekly” is closed this week because last week was a merger issue with this week).

  • “The Future Map of Technology” was taken (from the special file of “Weekly Toyo Keizai”)

What is the “WEB3.0” that threatens the oligopolistic system of GAFAM?

“Toyo Keizai Weekly” (April 16, 2022 issue)

The special feature of “Weekly Toyo Keizai” (April 16, 2022 issue) published on April 11 (2022) is “Map of the future of readable technologies with GAFAM and WEB3.0”. What is the “WEB3.0” that threatens the oligopolistic system of GAFAM?

The history of the Internet has evolved into Web 1.0 centered on landing pages and email, Web 2.0 centered on SNS and search, and CE (e-commerce). And now that the GAFAMs are overlocking data and users, Web 3.0 aims to move from centralized to decentralized.

The premise is a blockchain, which is a distributed ledger. In addition to this, tokens (names of crypto assets) and NFTs (non-fungible tokens) are issued.

Web 3.0 is now said to be a huge accumulation of investment money. In 2021, blockchain-related startups raised about eight times more than the previous year to reach $25.2 billion.

It captures the number of companies flocking to NFTs that have added value to digital data. In the space of the blockchain game “The Sandbox” of the United States, there is an NFT land called “Land” divided into about 16,000 blocks. You can freely construct buildings here.

Avex, a major music label, has paid attention to the possibilities of this space. Avex Technologies, a subsidiary of Avex Technologies, acquired 6×6 land on the sandpit in March. It is said that a base called “Avex Land (tentative name)” will be created by the end of the year, and live distribution and fan events will take place.

Along with the land acquisition, NFT items with iconized land and artists and tickets for the first event were sold to 110 groups as a set, and a total of 170 million yen was sold in about one o’clock.

Regarding the impact of Web 3.0, Mr. Joi Ito, Director of Transformation Center of Chiba Institute of Technology, said the following.

“Until now, Web 2.0 players have used their personal information to grow their business, but if blockchain becomes mainstream, users can manage their own data without relying on mainstream services. As the source of power shifts blockchain, i.e. protocols (standards and information exchange infrastructure), it becomes difficult to retain users.

On the other hand, some NFTs are trading for tens of millions of yen, and the rich in the art market are flocking in, and I’m afraid we’re a long way from the concept of Web 3.0 where everyone can get rights of attendance. .

It seems that there are many undeveloped rules regarding Web 3.0. One of them is the issue of year-end taxation of tokens held by corporations. Since corporate tax is levied on unrealized gains, startups that start businesses based on token issuance cannot do business in Japan and flee to Singapore and other places. .

The other is the regulation of investment in Web 3.0 companies. In Japan, under the LPS Law (Law Concerning Investment Limited Partnership Agreements), investment limited partnerships such as venture capital can only invest in stocks.

Token investment and funding are commonplace in Web 3.0, but Japanese institutional venture capital and investment investors cannot participate. The Liberal Democratic Party’s project team has drawn up a reform plan, but Japan has the trauma of the “Coincheck incident” in which crypto assets leaked, and it looks like it can’t survive the wave of Web 3.0.

Many people have followed Web 2.0, but it seems that considerable study is needed when it comes to Web 3.0. There seems to be a hook to popularization like games, but there is also a platform called “Metaverse (virtual space)”, and a tussle between the two may begin.

Ukrainian invasion stalks Japan with tense electricity

“Weekly Economist” (April 12, 2022 issue)

“Weekly Economist” (April 12, 2022 issue)

The special feature of “Weekly Economist” (April 12, 2022 issue) is “World Energy War”. The Russian invasion of Ukraine is stalking Japan, which is under pressure.

The magazine points out that the earthquake with a peak seismic intensity of 6 or more off the coast of Fukushima prefecture on March 16, 2022 was when Japan’s energy crisis was about to become a reality.

Due to the shutdown of the thermal power plant that carries electricity in TEPCO’s jurisdiction, the power supply is tight, especially in the Tokyo metropolitan area. I managed to survive the blackout (a major blackout) by receiving accommodation from other power companies.

LNG (liquefied natural gas) has risen to 37% in Japan’s energy mix. Japan participates in the “Sakhalin 2” oil and gas development project in Sakhalin Oblast in the Russian Far East and exports LNG to Japan. It is not going to withdraw from Sakhalin 2, but if it becomes difficult to import Russian LNG, Japan’s energy crisis will worsen.

The invasion of Ukraine by Russia would not only be an energy war, but also a monetary war. As a countermeasure against economic sanctions against Russia, the ruble rebounded after allowing the ruble to be denominated for debt repayment to “hostile countries” such as the United States, Europe and the Japan. In April, it returned to pre-invasion levels.

Some experts point out that the influence of the US dollar is decreasing due to the current situation in which Middle Eastern countries are unwilling to impose economic sanctions on Russia. In the future, a new economic zone that does not depend on the US dollar could emerge and the world economy could find itself at a historic turning point.

So what should Japan’s energy strategy be? Takeo Kikkawa, vice president of the International University of Japan, recommends “reassessing coal power in the short and medium term. Work on the development of gas fields in the long term”.

Regarding nuclear power, it is time to discuss it again seriously, including its long-term survival. Russia has now targeted a military attack on Ukraine’s nuclear facilities. A whole new type of risk of becoming a military target has emerged.

“Can we prevent missile attacks targeting the reactor building? Even if the Self-Defense Forces are deployed on the nuclear power plant, can we protect the surrounding power transmission equipment? We need to reconsider these points.

Tachibanakawa wrote.

Construction of new ultra-super seaside coal-fired power plants with high thermal efficiency and relatively low carbon dioxide emissions is expected to be completed in 2024 at four sites. In the short and medium term, they will contribute to the stability of the electricity supply.

But in the long run, the coal plant itself must be shut down. Therefore, it is necessary to switch to ammonia feeding.

When using the existing coal-fired power plant equipment, ammonia is mixed with coal as fuel, and the ammonia ratio is gradually increased. Eventually, only ammonia will be used and carbon dioxide emissions will be reduced to zero. It raises the question of the need to fundamentally review energy policy.

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Another special issue of the magazine: “New Era of Condominium Management”. Two systems that will significantly change the way condominiums are managed are said to be launching in April.

The revised condominium management optimization law has been implemented, and local governments across the country can now provide advice and guidance on the state of condominium management and recommend corrections. “Ame” and “whip” have been prepared.

The “candy” is the “Management Plan Certification System”. If you pass 17 points such as the management of the management association and the long-term repair plan, you will be “certified” as a condominium with proper management, and various preferential treatment systems will be established. The Japan Housing Finance Agency has implemented a system to reduce the loan interest rate by 0.25% for the first five years when buying a condominium certified with “Flat 35”.

On the other hand, the “whip” is the system of advice, guidance and recommendations of local governments. Although not binding at this stage, it is said to be important to pave the way for government involvement.

Beyond that, experts point out that there is a problem with rebuilding older condominiums. The real focus of the series of revisions to the law is “Isn’t this an environmental improvement for the condominium version of the Special Measures for Vacant Houses Act?” It is likely that we will be in a time when the responsibility of owning an apartment will be questioned.

(Atsushi Watanabe)

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