Keynote speech of the 4th global finance summit: metaverse – the singularity of scientific and technological innovation is approaching

Keynote speaker introduction

Liu Chuanxiang, general manager of digital transformation and operation of ThoughtWorks China, digital transformation expert. As the chief consultant of many large organizations, he has rich experience in the field of digital transformation of large-scale organizations. Translator of digital transformation: 34 brochures for enterprise breaking. Member of Expert Committee of China agile Coach Enterprise Alliance.

“The most attractive thing about metaverse is the collective imagination it represents.”.

At the “prediction 2022 · 4th global finance summit” held on December 22, Liu Chuanxiang, general manager of digital transformation and operation of ThoughtWorks China, gave a keynote speech on metaverse – approaching the singularity of scientific and technological innovation.

In order to enable more readers and ordinary investors to participate in the summit, “global finance theory” specially refines the keynote speech and round table forum, and shares it with you with video review.

The following is a summary of the keynote speech “metaverse – approaching the singularity of scientific and technological innovation”:

In 2021, metaverse became popular. The frequency of metaverse mentioned by US stocks and listed companies has exceeded five times that of last year. In the last week of the end of November, the real estate transaction volume of AOL has exceeded US $100 million.

Liu Chuanxiang analyzed the reasons for the outbreak of metaverse from the perspective of technology evolution and users.

The first is the collective imagination brought by the concept of metaverse. To a certain extent, the most attractive thing about metaverse is the collective imagination it represents. A great change is that the market has formed a consensus on the concept of metaverse.

At the beginning of this year, a digital work of a not particularly famous artist was auctioned for $70 million to stir up the concept of NFT (non homogeneous token). In the following years, the concept of “digital twin” entered the mass field from the manufacturing industry. At the end of the year, Facebook was renamed meta, which completely detonated the concept of metaverse and attracted the attention of all walks of life.

Imagination may be more important than technology

Liu Chuanxiang said that from a technical point of view, metaverse is not a sudden concept.

The outbreak of metaverse is not just a single technological breakthrough. If you push back, you can see that many different and seemingly unrelated technologies are integrated and finally erupt at the concept point of metaverse.

In the future, the development direction of scientific and technological innovation will no longer be a single technological breakthrough. In the metaverse era, several technologies will continue to make common breakthroughs and form resonance. Now there will be more and more technological breakthroughs, and the next scientific and technological innovation is likely to be at these resonance points, which will have a significant impact on the society.

Liu Chuanxiang believes that imagination may be more important than technology in metaverse, and the public needs to have a common imagination space. On the other hand, metaverse also makes the scale and development of digital economy more concrete and scene.

The most unique ability of human beings is not the use of tools, but the ability to tell stories.

Liu Chuanxiang said that metaverse cannot be predicted from a purely commercial perspective, because the needs of users will change greatly. For example, roblox and my world have developed from tools for specific groups such as designers to an open and imaginative diversified co creation space, from human needs or Web3 From the perspective of 0 era, users need to participate in such co creation.

Users need more poetry and distance. Meeting this demand will be an origin of scientific and technological innovation in the future.

Three development trends in the future

Liu Chuanxiang made several predictions about the development trend of metaverse.

First, there will be more room for imagination in the migration and application of user data.

The current policy trend of platform antitrust confirms the ownership of user data from the legislative level: data belongs to users, and the use right belongs to enterprises. When user data is no longer monopolized and ownership and use rights are separated, users can carry data migration, and their choices increase. Enterprises can no longer profit from monopolized data, but can provide better services.

Therefore, how to better migrate and use user data is likely to be the development trend and breakthrough point of metaverse in the future.

Second, decentralization is the trend of technology rather than social mechanism.

Metaverse can generate enough imagination space, not that people subjectively want to change the control mode, but that when the amount of data is large to a certain extent, centralization cannot produce enough processing capacity, so it will gradually adopt the decentralized method.

Therefore, the evolution of metaverse will further extend in the direction of decentralization. When decentralization reaches a certain degree, it will bring new imagination: what is everyone’s niche in the universe.

Third, digital identity reconstruction will give users multiple roles.

In the era of mobile Internet, in order to quickly and comprehensively form user identification, the digital world gathers multi-dimensional information, centralizes online and offline, and the mobile phone number becomes a person’s identity. But in the real society, people’s identities are diverse, and in the metaverse era, all this will be deconstructed, and everyone will be given different roles and enough identity characteristics.

This transformation, including the existing policy of not allowing excessive collection of user information, is also for security, decentralization and separation of user information from different dimensions.

In the era of metaverse, how to seamlessly connect each role while giving users multiple identities may be the next direction of scientific and technological innovation.

For now, we should not only look at this social mechanism from the perspective of technology, and we should not simply extend it technically. Instead, we should give more consideration to how to really solve some of the current difficulties, especially from the perspective of users, and constantly give users more experience.

Technological breakthroughs around infrastructure will be more critical in the next two years

From a long-term perspective, Liu Chuanxiang believes that metaverse will not only become a yuan, but is likely to be a multi metaverse.

In order to ensure data security, countries may require data to be isolated in the initial stage. At this time, infrastructure competition will be a key point, and 5g, 6G and other information technologies will become infrastructure.

Secondly, through the fire of metaverse, blockchain technology may return to the field of vision. At present, blockchain technology is not optimistic because of insufficient performance. When its performance is improved, it will certainly become a part of infrastructure.

The infrastructure must be related to the supply chain security that countries are very keen on this year. Therefore, the next competition in this field will still be very fierce. The dimensions of competition include security and perfection.

On the infrastructure, with the next breakthrough in intelligent translation, language will no longer be a problem for users, so the experience is likely to span the regional scope.

Finally, long-term imagine that there will be a multi metaverse next. Therefore, the initial infrastructure competition is very key, and the technological breakthrough around metaverse’s infrastructure in the next two years is more critical.

Although the technology of blockchain updating is not fast enough from a technical perspective, there is still a lot of imagination space in the future, and participants need to be really down-to-earth.