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What are the future development trends of China Web 3.0? This whitepaper provides the answer.

Validated Media

On the morning of May 27, 2023, the Beijing Municipal Science and Technology Commission and the Zhongguancun Science and Technology Park Management Committee released the "White Paper on Innovative Development of Beijing's Web 3.0 (2023)" (hereinafter referred to as the "White Paper") during the parallel forum on "Web 3.0: Future Development of the Web Industry" at the Zhongguancun Forum.

The release of the "White Paper" aims to further consolidate industry consensus and promote industrial development. It represents another important initiative by the Municipal Science and Technology Commission and the Zhongguancun Management Committee to drive the development of Web 3.0 industry. The "White Paper" provides a systematic analysis and exposition on the essence, system architecture, domestic and international development status, as well as the current development and recommendations in Beijing.

"The White Paper asserts that Web 3.0 is the culmination of modern science and technology, representing an inevitable trend for the future development of the Web industry. It embodies a highly immersive interactive experience and the fusion of virtual and physical dimensions in a three-dimensional space. This encompasses both the sensory immersion of virtual and physical integration and the seamless integration of economic activities, encompassing the concepts of metaverse and Web3. The White Paper delineates the architecture of the Web 3.0 system into four layers: infrastructure layer, interaction terminal layer, platform tool layer, and application layer. The infrastructure layer provides essential support for the operation of Web 3.0, encompassing technologies such as artificial intelligence, blockchain, computing chips, and communication networks. The interaction terminal layer offers devices and technological support for perceiving and interacting with the virtual and physical worlds, including XR terminals, holographic imaging, and brain-computer interfaces. The platform tool layer provides technical support for constructing behavioral subjects and digitized environments in virtual spaces, involving technologies such as digital content production and digital twinning. The application layer serves various sectors such as consumer entertainment, industrial manufacturing, government services, and urban management, with digital humans, virtual spaces, and digital asset circulation service platforms being typical application carriers that showcase the characteristics of Web 3.0. The White Paper provides a detailed analysis of the key core technologies and industrial application directions involved in Web 3.0."

From the perspective of industrial development, the "White Paper" believes that the current research hotspots in the Web 3.0 industry include generative artificial intelligence, XR interactive terminals, content creation tool platforms, etc. Tech giants such as Apple, Meta, Microsoft, Google, NVIDIA, Baidu, ByteDance, and Tencent have all made efforts in layout and have taken the lead in industry development. Emerging applications such as digital humans and digital collectibles are rapidly developing and innovators are exploring their applications. Web 3.0 social organizations are showing active performance, and the capital market is gradually returning to rationality. At the national level, the United States is leading the global development of the Web 3.0 industry, Europe focuses on privacy protection, and Japan and South Korea strive to become leaders in Web 3.0. Local governments in China are actively promoting development, with over 30 provinces and cities issuing supportive policies, particularly Beijing, Shanghai, Guangzhou, Hangzhou, and other cities, showing great enthusiasm.

Based on an analysis of the current status and trends of Web 3.0 development, the "White Paper" points out that Beijing's Web 3.0 industry development still faces challenges in terms of technological and talent support, industrial chain integrity, and legal regulations. In the next step, Beijing will strengthen policy support and organizational guarantee, accelerate technological breakthroughs and the construction of shared platforms, promote the development of "Web 3.0+" application scenarios, carry out effective risk supervision, and create a favorable ecological environment for innovative development of Web 3.0 in Beijing.

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