Sony becomes latest to join crypto push in Japan

The entertainment giant Sony is the latest Japanese-based company to tap into blockchain technology, amidst calls to the government to bring in looser regulations around crypto.

It was in August when Sony unveiled its digital ledger named Soneium, with hopes this will provide a “world where Web3 use cases” become “part of daily life.” There are plans for Soneium to intersect with gaming, music, and movies in the future to yield more opportunities.

Sony isn’t the first to turn their attention to blockchain though, with other Japanese firms exploring blockchain-related initiatives including Toyota Motor Corp, Mitsubishi UFJ Financial Group Inc, and Nippon Telegraph & Telephone Corp.

Introducing #Soneium by #Sony Block Solutions Labs building a public Ethereum layer 2 next-generation blockchain ecosystem designed to invoke emotion and empower creativity.

Soneium aims to connect Web3 with everyday internet services, making blockchain technology more… pic.twitter.com/I7zAIbB5Td

— Soneium