Wednesday, February 28, 2024
Blockchain

Shanghai, China, Launches a Comprehensive Technical Initiative for the Metaverse (2023-2025)

The Shanghai Municipal Science and Technology Commission announced today the release of its “Shanghai Metaverse Key Technology R&D Plan (2023-2025)”. The plan revolves around the key technology dimensions of the Metaverse, including content, computation, transmission, and terminal technology, integrating domestic and international industrial development trends and local research and development foundations.

The ambitious plan focuses primarily on immersive technology and Web3 technology, aiming to build new heights in critical technology areas such as immersive audio and video, immersive computing, next-generation displays, perception interaction, and blockchain. The initiative is designed to break new ground, accelerate technological innovation, and push the boundaries of what is possible in the Metaverse.

As part of the strategic blueprint, Shanghai’s key projects include the development of a Web3 network operating system, blockchain digital identity, distributed trustworthy storage, trustworthy computing chips, and other support technologies. They will also be focusing on the research and development of digital regulatory technologies. The goal is to build a high-performance, scalable, and secure new blockchain system architecture, which forms the infrastructure to support a large-scale Metaverse innovative application.

This progressive move reflects the city’s commitment to staying at the forefront of technological advancements. By strategically focusing on the development of core Metaverse technologies, Shanghai hopes to establish itself as a leading player in this emerging field. The plan is poised to stimulate technological innovation, promote industrial development, and contribute to the creation of a robust, dynamic, and sustainable Metaverse ecosystem.

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