UK politicians don metaverse avatars as they share Web3 roadmap

A gaggle of British politicians took to the metaverse to deal with 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 a part of the British Blockchain Affiliation’s World Summit at this time 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 stated that the U.Okay. has the potential to develop into a blockchain-enabled “good nation” however famous the nation was “lagging rivals” in securing blockchain-related jobs.

The primary UK nationwide precedence is Web3 business development and workforce planning, she stated earlier than including:

“A part of that’s about making the UK a lovely hub for Web3 founders, builders, programmers, and firms to work right here,”

Elphicke referred to as for extra nationwide blockchain roadmaps and collaboration between international locations, commenting that to this point, fewer than 12 international locations have printed roadmaps.

She stated one other precedence was taking ahead the Nationwide Blockchain Roadmap, printed 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 applications.

She additionally talked about DeFi, stating that it poses “distinctive challenges and alternatives for regulators and policymakers,” earlier than including that “guaranteeing 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 stated earlier than including “Bodily property are getting tokenized, and this development will solely develop from right here.”

Nonetheless, on Sept. 19, a web based security invoice aimed toward regulating sure UK web companies together with actions within the metaverse handed by way of parliament.

Journal: Is the Metaverse actually turning out like ‘Snow Crash’?