Promoting the Healthy Development of Yuan Universe Industry

03/12/2023 17:57 • Blockchain Buzz • 136 views

It is reported that Wu Jiezhuang, a member of the National Committee of the Chinese People’s Political Consultative Conference and a member of the Legislative Council of the Hong Kong Special Administrative Region, submitted a Proposal on Promoting the Healthy Development of the Yuan Universe Industry in the 2023 National Two Sessions. Wu Jiezhuang said that at present, there are challenges in the development of the universe industry. On the one hand, the “double-edged sword effect” of advanced technology is prominent, and traditional information security and ideological protection are challenged. On the other hand, there is currently a lack of mature supervision over the operation mode of metauniverse capital, virtual world financial payment and NFT. At present, the United States has developed rapidly, and China is close to it in concept and has a large market. Japan, South Korea and other countries are also actively promoting the development of the yuan universe. To this end, Wu Jiezhuang suggested that China take the development of “digital currency” as a precedent, pay full attention to the development and governance of the metauniverse, actively promote the technological progress and infrastructure construction supporting the development of the metauniverse, and pay attention to the prospective governance of the metauniverse.

Wu Jiezhuang, member of the National Committee of the Chinese People’s Political Consultative Conference (CPPCC): At present, there is a lack of mature supervision over the yuan universe, virtual world financial payment and NFT

Analysis based on this information:

The message discusses a proposal submitted by Wu Jiezhuang, a member of the National Committee of the Chinese People’s Political Consultative Conference, on promoting the healthy development of the Yuan Universe Industry. The industry is faced with challenges due to the double-edged sword effect of advanced technology, which poses a threat to information security and ideological protection. Also, there is a lack of mature supervision of the operation mode of metauniverse capital, virtual world financial payment, and NFT.

The United States has advanced significantly in this area, and other countries such as China, South Korea, and Japan are promoting the development of the yuan universe. Therefore, Wu Jiezhuang proposes that China takes the development of digital currency as a precedent to pay full attention to the development and governance of metauniverse. This will require the active promotion of technological progress and infrastructure construction that supports the development of the metauniverse. There is also an urgent need to pay attention to the prospective governance of the metauniverse.

The proposal aligns with China’s plan of building a robust digital economy and advancing digital transformation. The Yuan Universe Industry presents an excellent opportunity for economic growth and market expansion. However, the challenges and risks posed require proper governance and supervision to ensure the industry’s healthy development.

In summary, Wu Jiezhuang’s proposal on promoting the healthy development of the Yuan Universe Industry highlights the need for China to prioritize the development and governance of the metauniverse. Innovative technological progress, robust infrastructure, and prospective governance will support the industry’s growth while protecting against potential risks. Thus, the proposal provides a valuable insight for China’s economic progress and digital transformation.

In conclusion, the Yuan Universe Industry holds tremendous potential for economic growth and market expansion. However, its development and governance require proper attention and supervision to ensure its healthy growth.

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