Japan’s ruling Liberal Democratic Party (LDP) has approved a new proposal to modernize the country’s financial system using technology Block and automated digital services. The plan, dubbed “A Vision for Next-Generation Finance Powered by AI and On-Chain,” aims to create a financial network that operates 24/7.
According to this предложением, digital systems will be able to process payments, lending transactions, trade settlements, and other financial transactions with minimal human intervention. This move reduces Japan’s dependence on foreign payment platforms and foreign stablecoin networks.
This is truly a “concept,” and from now on we’ll be building it piece by piece. It’s important to evolve, and we’ll continue to work in that direction. wrote LDP leader Seiji Kihara on social media.
The proposal describes the future financial system as continuously functioning on the basis of Block-networks and automated digital tools. Digital systems will be able to process purchases, payments, and trade transactions with minimal human intervention.
The proposal provides specific examples of how the system could work in practice. Smart refrigerators could automatically refill groceries and process payments instantly. Digital purchasing agents could purchase limited-edition items from abroad, arrange delivery, and process customs documents without the need for manual approval.
Manufacturers could receive payments in the form of yen-backed stablecoins upon confirmation of deliveries. Additionally, companies could use tokenized assets and blockchain-based records to access funding more quickly.
Politicians have supported the development of bank-issued stablecoins, blockchain-based securities settlements, and tokenized money transfers between financial institutions.
However, the main goal is to reduce Japan’s dependence on foreign-controlled digital payment networks and foreign stablecoins USDT and USDC.
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