The local government of the Japanese village of Nishiawakura in Okayama Prefecture is planning to launch an initial coin offering (ICO) as a way to boost its economy. The government will be working with a Blockchain technology provider as its partner in the undertaking.
The government of Nishiawakura is still in the planning stage on how it will conduct the ICO. It appears, however, that the local officials are not interested in using the Ethereum and Waves platform in the ICO. The money raised from the ICO is intended to finance projects to upgrade vital infrastructure in the village.
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