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China looks to utilize the metaverse
China wants to define how a new, promising technology called the metaverse works — and it is pushing proposals that bear an eerie resemblance to the country’s controversial social credit systems, proposals reviewed by POLITICO showed. The proposals, drafted by the state-owned telecoms operator China Mobile, floated a “Digital Identity System” for all users of online virtual…
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China sees potential for the Metaverse in healthcare and other industries
Chinese startups and tech investors are notoriously trend-driven, and many jumped on the metaverse bandwagon after Meta’s supposed pivot, trying to launch homegrown versions or to integrate virtual or mixed reality elements into consumer products. But the Chinese government, which exerts an enormous influence over the country’s tech sector, was also quick to get in…
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The emergence of industrial Metaverse in China
The industrial metaverse, a sector that provides fully immersive, real-time, interactive, and synchronous representations of production line services to industries, has the potential to significantly enhance efficiency and lower costs, according to an expert at the World Economic Forum’s 14th Annual Meetings of the New Champions. Ma Junjie, founder and CEO of Shanghai-based Digitwin Technologies,…
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East Asia leads in Metaverse development
South Korea in February 2022 seemed to be in a position to become East Asia’s leader in metaverse development — defined by the country’s science ministry as an immersive, online, 3D virtual world that enables the development of social and economic relations through digital avatars. In the same year, the government of former president Moon Jae-in announced…
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China has created and launched a govt-backed metaverse
In a very interesting development for the industry and the country, China launched a government-backed metaverse platform. Moreover, it is set to combine the resources of various academic enterprises and institutions throughout the country. Subsequently, in hopes of more development of the sector. The metaverse is a virtual space containing a host of virtual worlds and experiences.…
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