Global Open Network Japan is paving the way
to a new future through digital transformation
together with customers.
My name is Shinji Tokunaga, and I was appointed CEO on August 1, 2019.
Although GO-NET Japan was founded in April 2019, the idea for the project dates back to four years ago. At that time, I had a hand in setting up this project while I was president of the Japanese subsidiary of Akamai Technologies. It started with a dream of building an advanced and innovative networked society with a high-throughput, low-cost structure in anticipation of the advent of a cashless, IoT-based society.
Now, I feel extremely humbled and excited to take on the important task of CEO of the new company. At the same time, I feel like it is destiny that I can personally help to provide the world with the tangible results of those dreams-turned-ideas.
I want to flexibly and quickly bring about innovation in the payments industry, in response to the dynamically changing business environment of the future.
The idea behind the GO-NET Japan name is to indicate that, as a global and open platform, we are providing an innovative network that will be used by a wide range of companies.
Currently, the number of cashless payments is continuing to increase due to the diversification of payment methods. With the continued spread of digitalization and the commercialization of 5G next-generation mobile communications technology in the future, we predict an increase in new payment scenarios, such as paying only for what you use, following the fully fledged advent of an IoT society that connects all manner of things to the Internet. In addition to this, it is predicted that the current payments infrastructure will reach its limit in terms of throughput, due to an expected further increase in the number of payments caused also by the Japanese government’s promotion of a cashless society.
The GO-NET payment network that GO-NET Japan will provide has been jointly developed with Akamai and will utilize new blockchain technology. In addition to high-level security measures, it will be able to process high volumes of transactions that current technologies would struggle with. GO-NET Japan’s network will have a throughput of 1 million transactions per second and will be able to comfortably accommodate the large volume of low-value payments anticipated in the IoT era.
Going forward, we plan to provide GO-NET for a wide range of payment options, such as credit cards, electronic money, digital currency, loyalty points, and prepaid cards. Furthermore, we are considering expanding the service further to accommodate the variety of payment scenarios that will arise in the IoT era.
GO-NET Japan aims to innovate in the global payment network business, and is paving the way to a new future through digital transformation together with customers.
Thank you for your continued support.