Since Astar Network is now generally considered to be Japan’s leading blockchain, my proposal is that the Astar Network Team should continue in this direction with institutional partnerships.
It is excellent that many Defi projects are being developed on Astar Network, but the main success factors for Astar Network will be the complete integration with companies such as Konami, Bandai, Sega, etc. that are investing heavily in the NFT sector, Web3, etc.
Specifically with regard to the Web3, the partnership of Fukuoka and Astar Japan Lab, can open the doors to an immensity of opportunities for Astar Network, as in Japan the blockchain dynamics have very particular regulations, in some ways stringent and in others dedicated to scalability if you know how to deal with it right.
As the Japan Credit Bureau (JCB) has announced the start of testing its infrastructure for the CBDC, in which it specifically aims to build a platform for the future Japanese CBDC, currently being tested by the Bank of Japan (BoJ), my proposal is that Astar Japan Lab enters into a partnership with the Japan Credit Bureau to help them build this infrastructure or let them build on Astar Network.
The future for the Japanese CBDC in my view should also include an integration with Astar Network and its entire ecosystem. The partnership with the city of Fukuoka has shown that this is possible, although we are still at the beginning of all the work.
In this specific case the Japan Credit Bureau (JCB) could use the Astar Network network to test the infrastructure for its CBDC.
JCB plans to complete development of the new payment solution by the end of 2022 and to launch demonstration tests in real stores by March 2023.
Also with regard to practical experimentation, Astar Network lends itself very well thanks to the strategic partnership with the city of Fukuoka.
I also take this opportunity to urge greater dialogue with political institutions, given that the Japanese Prime Minister has said he is in favor of state investments in the Web3 sector.