China has recently discussed the importance of integrating the credit system into the metaverse. Get the full details below
Credit In The Metaverse System
China has taken a step to submit proposals to the United Nations indicating that they are interested in tracking the discipline held in the metaverse world. These proposals were checked and reviewed by POLITICO on 20th August and were sent by the China Mobile company.
According to them, the idea for this integration is to ensure that there is order and safety in the virtual world. There will be an ID that keeps track of a person’s information as well as the interests he/she decides to display while checking out a certain site. This data will then be shared with the authorities.
If one person portrays any form of indiscipline, then he or she will be punished according to the set regulations to do so. The discussions for this project took place on July 5th with China Mobile airing out their proposals to the UN while laying emphasis on the Metaverse as well as good behaviour needed
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Join us in Shanghai July 4-6 for our #metaverse focus group, followed by a forum on July 7 and be part of key pre-standardization effort.
With int'l #standards we can create global access to knowledge & tech for #metaverse to benefit everyone, everywhere.https://t.co/4IrlYExOjW pic.twitter.com/3XAiCu90zz— Int’l Telecommunication Union (@ITU) July 3, 2023
The discussion and the panel will meet again in October to vote for or against the proposal. If it goes through, the ITUs metaverse will encourage the development of new standards.
China’s Reaction To The News
The Chinese firms and agencies are not for the idea and the report says that they will be shooting down any other proposals that involve changes to their metaverse systems. The proposals in China will be denied more compared to those of the ones from Europe and the USA.
One person has expressed his dissatisfaction by commenting on the fact this is a total breach of privacy and no kind of person would want to live in such a world.