{"id":4345,"date":"2022-10-20T06:20:08","date_gmt":"2022-10-20T06:20:08","guid":{"rendered":"http:\/\/www.paralism.com\/blog\/?p=4345"},"modified":"2023-06-05T06:29:17","modified_gmt":"2023-06-05T06:29:17","slug":"shi-xingguo-talks-to-chen-haiteng-what-are-the-secrets-of-success-to-enter-web3-when-japan-fully-embrace-it","status":"publish","type":"post","link":"https:\/\/www.paralism.com\/blog\/shi-xingguo-talks-to-chen-haiteng-what-are-the-secrets-of-success-to-enter-web3-when-japan-fully-embrace-it\/","title":{"rendered":"Shi Xingguo Talks to Chen Haiteng: “What Are the Secrets of Success to Enter Web3 When Japan Fully Embrace It?"},"content":{"rendered":"\n
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On the evening of October 17th, the 11th\nepisode of the fifth season of ” Observing the Langya List ” was\nbroadcasted, and Mr. Shi Xingguo (member of the Blockchain Special Committee of\nthe China Computer Federation, founder of Hyperchain, winner of the National\nScience and Technology Progress Award, and former chief engineer of the\nInternet Laboratory of the Software Institute of the Chinese Academy of\nSciences) was the host. He had a conversation with Chen Haiteng (former CEO of\nHuobi Japan and Baidu Japan). The topic of their discussion was ” what are\nthe secrets of success to enter Web3 when Japan fully embrace it?”<\/p>\n\n\n\n\n\n\n\n

This year, the competition for global\ncenters of encrypted finance and virtual assets has become increasingly fierce.\nOn October 16th, Hong Kong Financial Secretary Paul Chan announced in an\narticle that he would promote Hong Kong’s development into an international\nvirtual asset trading center. Meanwhile, Japan’s new Prime Minister, Fumio\nKishida, announced in May that Japan would fully embrace Web3 and rush into the\nWeb3 arena. Previously, few heads of state had officially expressed that Web3 could\ninfluence the future economic status, let alone in a country with an economy\nranking in the top five globally. Japan is likely to become another pioneer\nstation that Web3 entrepreneurs need to land on after Singapore.<\/p>\n\n\n\n

New Web3 regulations, Web3 special zones,\ntax incentives, and other policy benefits have undoubtedly ushered in a new\ndevelopment cycle for Japan’s crypto industry, which has just begun to show its\nscale.<\/p>\n\n\n\n

The venture capital institutions which\nare most sensitive to the market change have also taken action. In addition to\nSoftBank’s successive investments in unicorns such as CertiK and InfStones,\nJapan’s Internet finance giant SBI has also become one of the most active\ninvestors in blockchain companies globally. It has invested in eight companies\nincluding Orb, R3, Ripple, Kraken, Coinplug, Veem, Wirex, and Bitflyer. This\nyear, KDDI and Bandai Namco have also launched Web3 funds, actively invest Web3\ncompanies.<\/p>\n\n\n\n

The favorable conditions of policy and\ncapital are bound to attract a large number of Web3 enterprises rushing into\nJapan. So, how will Japan’s Web3 industry develop? How can we enter a foreign\nmarket?<\/p>\n\n\n\n

“Today, Japan is attracting global\nWeb3 practitioners with its favorable development environment and\ninfrastructure, while China happens to have outstanding innovation and\ndevelopment capabilities. Moreover, China may be a few years behind Japan in\nterms of policies and IP, and Japan’s overall development capabilities have\nalso been delayed for a few years due to the absence of the mobile internet\nera. The two complement each other in time and space. I think this is an\nopportunity for Chinese teams to enter Japan,” Chen Haiteng described the\nopportunity for Chinese Web3 entrepreneurs in Japan.<\/p>\n\n\n\n

After years of deep experiences in the\nJapanese market, Chen Haiteng used the metaphor of “fruits” to\ndescribe the attitudes of China and Japan towards foreign companies: “I\nthink China is like a peach, with a seemingly soft skin, but foreign companies\nfind it difficult to go into the core or reach the upper classes. Japan is like\na coconut on Hainan Island, with a hard shell which takes time for foreign\ncompanies to get in, but once they do, things become much easier, and if any\ncooperation can be reached, it will be a long-term one.”<\/p>\n\n\n\n

Highlights of today\u2019s talk:<\/p>\n\n\n\n

  1. What changes has it brought to Web3 development when Web3 has\nbeen designated as a national strategy in Japan?<\/li>
  2. What are the opportunities in Japan’s Web3 market? Any successful\nexperiences or secrets can be shared for entering the Japanese market?<\/li>
  3. What opportunities in the Japanese market should developers pay\nattention to?<\/li>
  4. How can we deal with Japan’s regulatory system?<\/li>
  5. Can blockchain + public welfare break the prejudice against the\nencrypted world?<\/li>
  6. Will Japan’s well-developed gaming industry create a new GameFi\nmode?<\/li>
  7. What is the development of Japan in the metaverse field?<\/li><\/ol>\n\n\n\n

    Video link:<\/p>\n\n\n\n

    https:\/\/mbd.baidu.com\/newspage\/data\/videolanding?nid=sv_10184594803720672864&sourceFrom=share<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

    On the evening of October 17th, the 11th episode of the … \u7ee7\u7eed\u9605\u8bfbShi Xingguo Talks to Chen Haiteng: “What Are the Secrets of Success to Enter Web3 When Japan Fully Embrace It?<\/span><\/a><\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[208,257],"tags":[],"class_list":["post-4345","post","type-post","status-publish","format-standard","hentry","category-meetings","category-news-and-events"],"_links":{"self":[{"href":"https:\/\/www.paralism.com\/blog\/wp-json\/wp\/v2\/posts\/4345","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.paralism.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.paralism.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.paralism.com\/blog\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.paralism.com\/blog\/wp-json\/wp\/v2\/comments?post=4345"}],"version-history":[{"count":1,"href":"https:\/\/www.paralism.com\/blog\/wp-json\/wp\/v2\/posts\/4345\/revisions"}],"predecessor-version":[{"id":4377,"href":"https:\/\/www.paralism.com\/blog\/wp-json\/wp\/v2\/posts\/4345\/revisions\/4377"}],"wp:attachment":[{"href":"https:\/\/www.paralism.com\/blog\/wp-json\/wp\/v2\/media?parent=4345"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.paralism.com\/blog\/wp-json\/wp\/v2\/categories?post=4345"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.paralism.com\/blog\/wp-json\/wp\/v2\/tags?post=4345"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}