Despite China’s strict anti-encryption stance, it is seeking to foray into virtual universes, but applies a clear set of caveats there. China is reportedly exploring ways to create a social credit system for Metaverse users, much like the Communist Party’s controversial laws in China’s day-to-day governance and work. Members of the Chinese tech community are discussing this with other global tech institutions.
According to Politico, China Mobile has made some metaverse-related proposals to the International Telecommunication Union (ITU). Report Said on the weekend. ITU is the telecommunications agency of the United Nations (UN) that sets global rules for the technology industry.
The first proposal from China is to provide a digital identity system for Metaverse users. The proposed digital ID will contain a host of personal details, including their social media credentials as well as job details.
This digital identity system has been equated to China’s social credit system, which rates Chinese citizens. The system could lead to people being blacklisted from using public services for scores indicating “bad behavior”.
Chinese law enforcement authorities hope to use this digital identity system to monitor cybercriminals. If this digital identity proposal is made public, entities who commit fraud, identity theft, harassment in these fully functioning virtual ecosystems will be punished in real life in China.
In virtual universes, people can engage in social gatherings, concerts, work commitments, games, and exchange digital files and documents as digital avatars.
Citing relevant industry experts, Politico said that if China Mobile’s proposal to the ITU is passed, it would authorize the Chinese government to publicly monitor Metaverse users.
The ITU Metaverse Focus Group is scheduled to meet in October, at which time China’s proposal may be brought up for a vote. China Mobile and the International Telecommunication Union have yet to respond to the report.
However, this isn’t the first time Chinese companies have expressed interest in venturing into virtual universes. In June 2022, Chinese tech giant Tencent announced the formation of an “extended reality” (XR) division, betting on the concept of a metaverse for virtual worlds.
China’s Taiyi Group also acquired Huobi’s “Huoxun” communication tool last year, adding more technical details to its metaverse exploration journey.
according to politicianThe revenue of the global Metaverse industry is expected to grow to $82 billion (approximately Rs. 6,814.24 billion) by the end of 2023. Over the next seven years, by 2030, the revenue extracted from the Metaverse industry is expected to reach about $936 billion (approximately Rs. 7,778 crore).