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Sichuan online reporter Chen Ting

“As a follow-up cross generation product of the mobile Internet, metaverse is the commanding height of the cutting-edge business format of the digital industry in the world. Facing metaverse, we should not only promote development, speed up layout, but also strengthen risk control, so as to achieve stability and long-term development.” At the fifth session of the 13th CPPCC National Committee, Liang Wei, member of the CPPCC National Committee in Sichuan and chairman of the Chengdu Municipal Committee of the Zhigong party, put forward suggestions.

Liang Wei, member of CPPCC National Committee in Sichuan and chairman of Chengdu Municipal Committee of Zhigong party

In Liang Wei’s view, metaverse faces five control risks:

One is the risk of data security. Metaverse needs to deeply mine the user’s identity characteristics, social relations and other information, as well as the relevant physical facilities and other data of the real society. Therefore, ensuring the user’s information security, data protection and network security is an urgent problem to be solved. At the same time, it is more necessary to prevent the monopoly of data.

The second is the lack of legal supervision. Metaverse will involve a large number of economic activities. It is necessary to strengthen the legal supervision of NFT digital assets, smart contracts, property rights transactions and business models to make them comply with the law. At present, the legal supervision in this regard is still blank.

Third, financial risks. As the basic technology of metaverse, the decentralized and distributed characteristics of blockchain technology have brought a series of financial risks and “leek cutting” behaviors such as money speculation, mining and NFT speculation. With the heating up and evolution of metaverse, it is more necessary to prevent the disorderly expansion of capital and the financial risks brought by the virtual economic system.

Fourth, the risk of social ethics. Metaverse provides immersive experience in virtual space, which brings spiritual satisfaction experience beyond the experience of the real world. The surreal behavior of users in metaverse will pose an all-round challenge to the ethical framework of the real society.

Fifth, technical risks. With the explosive growth of metaverse data, the diversity of its data puts forward higher requirements for the chip. If you can’t overtake in a corner, you will face the problem of “neck sticking”.

How to prevent systemic risks? Liang Wei believes that to ensure the healthy development of metaverse, we should adhere to the principle of “one network unified management, cloud network coordination and computing network integration”.

“We should strengthen legislation, establish and improve the legitimacy and compliance of smart contracts, digital property rights transactions and business models, and focus on preventing and solving the legal problems and ethical norms of metaverse ‘virtual reality’.” Liang Wei suggested that we should speed up the establishment of a standardized standard system for the development of metaverse industry, accelerate the research, development and implementation of metaverse regulatory technology system in line with China’s national conditions and social needs, and implement scientific and effective guidance and supervision on the social security, data security, financial security, compliance security, ethics and mental health safety involved in metaverse.

Liang Wei suggested that on the basis of in-depth study of the technical and economic characteristics of the virtual economic system, we should actively use technical means to standardize financial behavior and prevent financial risks. “With the evolution of artificial intelligence, general-purpose chips can no longer meet the demand. We should vigorously support more excellent artificial intelligence enterprises to participate in the R & D and application of heterogeneous chips and lay a solid foundation for metaverse’s hard infrastructure.”

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