February 23, 2024

We are creating some awesome events for you. Kindly bear with us.

China Creates Metaverse Industry Committee

Knowing the importance of the emerging technology, China inaugurated the Metaverse Industry Committee created under the China Mobile and Communications Association (CMCA). When the new committee officially announced its establishment, it released a new book called Metaverse — outlining the rationale for the development of the next generation internet and the future digital economy in which metaverse is deeply involved.

Experts define metaverse as virtual reality at its finest. It’s widely understood as an alternate digital reality where people work, play and socialise. As a collective virtual shared space, the digital platform is a  convergence of virtually enhanced physical reality and physically persistent virtual space, including the sum of all virtual worlds, augmented reality, and the internet. Indeed, there are still a lot of things that need to be looked into, but the establishment of the Metaverse Industry Committee should be a great push forward for China.

CMCA is a collaboration of China’s biggest companies in the Internet and Communication Technology (ICT) that includes state-owned 5G carriers. It is the only national social organisation in the field of the Chinese mobile communications industry.

Yu Jianing, Executive Director of the committee, disclosed that their major tasks ahead will include strengthening technological innovation and application integration for the industry, organising the training of professionals, and promoting new thinking related to the metaverse.

The creation of the metaverse committee shows that emerging technology is a priority in the Chinese government’s thrust towards economic development. While on the one hand, it is regulating its large tech companies in its bid to have inclusive growth, on the other hand, Beijing is encouraging emerging technologies. China is firmly pursuing developments such as cryptocurrency and embracing a future in the metaverse.

Already, international big tech firms have signalled interest in the metaverse gearing themselves up to fully maximise its potential. And Chinese leaders are picking up the pace. In a recent speech, Li, the top government official of Shanghai, detailed that in order to boost the local economy, his city will encourage the development of “important platforms where the virtual world and the real world will interact.”

While not directly mentioning the metaverse he referenced it. The CMCA acknowledged this. The organisation proposed that the metaverse, as the third generation of the internet, will be a new milestone for global innovation and competition.

The infrastructure of the metaverse will definitely include a whole new set of technology devices and systems. Top of the list is a large variety of 5G communication networks, VR, AR, WIFI6, wearable devices, blockchain, cloud computing, edge computing and AI+GPU, industry experts said.

Moreover, the CMCA stressed that as an integrated body of cutting-edge digital technology, the metaverse is to be applied to various operating scenarios of the whole society as part of the efforts to achieve high-quality development of the digital economy.

The country is ramping up its technological advances and it seems all set to implement emerging technologies in the digital space such as the metaverse. As reported on OpenGov Asia, a new state-owned 5G carrier is warming up and should be ready to accept cellphone number registrations within the year. That speaks volumes on how much China is putting all the pieces to create one gigantic digital economy.

PARTNER

Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. A private company, Qlik offers real-time data integration and analytics solutions, powered by Qlik Cloud, to close the gaps between data, insights and action. By transforming data into Active Intelligence, businesses can drive better decisions, improve revenue and profitability, and optimize customer relationships. Qlik serves more than 38,000 active customers in over 100 countries.

PARTNER

CTC Global Singapore, a premier end-to-end IT solutions provider, is a fully owned subsidiary of ITOCHU Techno-Solutions Corporation (CTC) and ITOCHU Corporation.

Since 1972, CTC has established itself as one of the country’s top IT solutions providers. With 50 years of experience, headed by an experienced management team and staffed by over 200 qualified IT professionals, we support organizations with integrated IT solutions expertise in Autonomous IT, Cyber Security, Digital Transformation, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Well-known for our strengths in system integration and consultation, CTC Global proves to be the preferred IT outsourcing destination for organizations all over Singapore today.

PARTNER

Planview has one mission: to build the future of connected work. Our solutions enable organizations to connect the business from ideas to impact, empowering companies to accelerate the achievement of what matters most. Planview’s full spectrum of Portfolio Management and Work Management solutions creates an organizational focus on the strategic outcomes that matter and empowers teams to deliver their best work, no matter how they work. The comprehensive Planview platform and enterprise success model enables customers to deliver innovative, competitive products, services, and customer experiences. Headquartered in Austin, Texas, with locations around the world, Planview has more than 1,300 employees supporting 4,500 customers and 2.6 million users worldwide. For more information, visit www.planview.com.

SUPPORTING ORGANISATION

SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.

PARTNER

HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices. 

PARTNER

IBM is a leading global hybrid cloud and AI, and business services provider. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity and service.

Send this to a friend