The concept of a metaverse, a virtual shared space where users can interact in various ways, has been gaining traction globally. In response to this trend, the Chinese government has taken proactive steps towards establishing standards for a Chinese metaverse platform.
This month, the Ministry of Industry and Information Technology (MIIT) announced the formation of the Metaverse Standardization Working Group. Comprising Chinese universities, government institutions, and tech giants such as Tencent, Huawei, and Baidu, the group aims to shape China’s metaverse future by establishing rules for metaverse platforms.
The MIIT emphasizes the importance of standards that reflect industrial development and management needs. By setting clear guidelines and standards, a more structured and secure environment can be created for users to navigate the metaverse. This approach not only ensures the protection of user data and privacy but also fosters a sense of trust and reliability in the platform.
Collaborative Approach
One notable aspect of the Metaverse Standardization Working Group’s proposal is the open feedback period until February 18. This collaborative approach highlights China’s commitment to incorporating diverse perspectives and expertise in the establishment of metaverse standards. By inviting input from various stakeholders, the government is ensuring that the final standards are comprehensive and effective.
China’s Web3 Strategy
The formation of the Metaverse Standardization Working Group aligns with China’s Web3 strategy, which focuses on advancing technologies such as blockchain and metaverse. This strategy reflects China’s determination to lead in the digital sector and explore the potential applications of these technologies.
In September, four ministries, including the MIIT, released a three-year action plan to achieve breakthroughs in metaverse technology. By targeting major advances in metaverse technology and its industrial and governmental applications by 2025, China aims to become a key driver in the digital economy with world-leading strength.
The action plan also includes the cultivation of three to five globally influential ecological enterprises and the creation of new business ventures, models, and formats in consumer and public service sectors. This indicates the government’s strong emphasis on developing and utilizing metaverse technologies to stimulate economic growth and innovation.
China’s Potential for Global Dominance
Experts predict that these initiatives will accelerate the development of China’s metaverse industry and position the country as a global hub for metaverse technology. With its focused investments and commitment to standardization, China has the potential to surpass Western advancements in the sector. The formation of the Metaverse Standardization Working Group and China’s Web3 strategy signify its ambition to lead the way in the metaverse industry.
China’s proactive approach towards the metaverse industry, as evidenced by the formation of the Metaverse Standardization Working Group and its Web3 strategy, showcases its ambition to establish itself as a global leader in this emerging field. By setting standards and investing in research and development, China is building a strong Chinese metaverse industry that could reshape the digital landscape and solidify its dominance in the global economy.