A bunch of British politicians took to the metaverse to handle world leaders in a 51-nation gathering on Sept. 20, setting out a imaginative and prescient for the UK’s blockchain and Web3 industries.
The metaverse gathering noticed eight British Lords and politicians tackle world leaders on the alternatives and challenges posed by the expansion of Web3 expertise
Natalie Elphicke, member of parliament and chair of the brand new All Social gathering Parliamentary Group (APPG) for Blockchain Applied sciences, appeared as her distinctive avatar within the metaverse, the place burdened the significance of the following iteration of the web:
“Web3 represents a paradigm shift that reimagines the very material of the web.”
As chair of the APPG on blockchain applied sciences, I used to be happy that me and Avatar Natalie may be part of the British Blockchain Affiliation’s International Summit at present to offer a keynote speech – held within the metaverse. @Brit_blockchain @APPGBlock pic.twitter.com/hDriQA5rAv
— Natalie Elphicke MP (@NatalieElphicke) September 20, 2023
In her keynote, Elphicke mentioned that the U.Okay. has the potential to turn into a blockchain-enabled “good nation” however famous the nation was “lagging opponents” in securing blockchain-related jobs.
The primary UK nationwide precedence is Web3 business progress and workforce planning, she mentioned earlier than including:
“A part of that’s about making the UK a lovely hub for Web3 founders, builders, programmers, and corporations to work right here,”
Elphicke known as for extra nationwide blockchain roadmaps and collaboration between nations, commenting that up to now, fewer than 12 nations have revealed roadmaps.
She mentioned one other precedence was taking ahead the Nationwide Blockchain Roadmap, revealed in 2021. The roadmap units out an ambition to construct a blockchain-based “digital nation” with the expertise being utilized to local weather mitigation efforts, industrial symbiosis networks, and digital id packages.
She additionally talked about DeFi, stating that it poses “distinctive challenges and alternatives for regulators and policymakers,” earlier than including that “making certain transparency, auditability, and accountability in these ecosystems is paramount.”
Associated: High 5 universities to check blockchain within the UK
The Conservative Social gathering politician additionally spoke about real-world asset tokenization. “It’s unquestionable that our world is being tokenized,” she mentioned earlier than including “Bodily property are getting tokenized, and this development will solely develop from right here.”
Nevertheless, on Sept. 19, a web based security invoice geared toward regulating sure UK web providers together with actions within the metaverse handed via parliament.
Journal: Is the Metaverse actually turning out like ‘Snow Crash’?
