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The 2022 Metaverse, Blockchain, and Fintech Blue Book Launch Conference was successfully held

In September 2022, the "Web 3.0 Development Trend Summit Forum and 2022 Metaverse, Blockchain, and Fintech Blue Book Release Conference" was successfully held at the China International Fair for Trade in Services, guided by the Social Science Literature Press of the Chinese Academy of Social Sciences and the Beijing Fintech Industry Alliance, hosted by the Beijing Blockchain Technology Application Association (BBAA), and organized by Beijing Zhongke Jincai Technology Co., Ltd.

It is understood that the conference solemnly released three annual blue books, namely, China Metauniverse Development Report (2022), China Blockchain Development Report (2022), and China Financial Technology Development Report (2022), under the guidance of relevant experts from the People's Bank of China, China Securities Regulatory Commission, Beijing Financial Technology Industry Alliance, Beijing University of Technology, and authorized by the Social Sciences Literature Publishing House. Experts, scholars and industry representatives from regulatory agencies, banks, research institutes, and industry famous enterprises gathered to support and participate in the preparation.

Dr. Zhu Yedong, Executive Editor of the Three Blue Books, President of the Beijing Blockchain Technology Application Association, and Chairman of Zhongke Jincai, delivered a keynote speech on "The Current Status and Trends of China's Metaverse, Blockchain, and Fintech Industries" at the conference.

In terms of the metaverse, Zhu Yedong stated that 2021 is the first year of the metaverse, and the metaverse industry is an important component of the future digital economy. The country has issued a series of development plans and policies regarding the digital economy and metaverse industry. The Yuanuniverse, also known as the value internet, provides immersive experience based on extended reality technology, and digital twin technology generates a mirror image of the real world. It builds an economic system through blockchain technology, closely integrates the virtual world and the real world in the economic system, social system, and identity system, and allows each user to produce and edit content.

It is predicted that the current output value of China's metaverse upstream and downstream industries exceeds about 40 billion yuan, mainly reflected in gaming and entertainment, VR and AR hardware, etc. In the next five years, the domestic metaverse market will at least exceed the 200 billion yuan mark. The digital asset trading platform has become the core infrastructure of the metaverse. The industrial ecology of the metaverse, including the common capability layer, scenario application layer, infrastructure layer, and application system layer, has formed a complete industrial ecological environment. In the metaverse scenario, nine major fields including tourism, retail, banking, education, culture, government affairs, military, aerospace, and party building have all been implemented and applied.

In terms of blockchain, Zhu Yedong stated that the technology of blockchain has gradually matured, and blockchain has begun a new stage of development from "trust to collaboration". Blockchain is accelerating its breakthrough in applications, empowering the cultural industry. According to statistics, the scale of digital products in China was about 150 million yuan in 2021, and the development speed of the entire digital collectibles industry this year far exceeds market expectations. In 2022, the sales revenue of digital asset issuance will exceed 2.842 billion yuan, and it will maintain a growth rate of over 150% in the next five years.

In terms of financial technology, Zhu Yedong introduced the development of domestic financial technology in 2022, compared the financing differences between China and the United States in financial technology, and elaborated on the key technological development and application in the field of financial technology from three aspects: "cloud assisted digital transformation", "big data unleashing business potential", and "continuous enrichment of artificial intelligence application scenarios". Especially in the development of digital RMB, a research and development pilot pattern has been formed with 23 pilot regions in 15 provinces (cities) and 10 operating institutions participating in the research. The application scenarios of digital RMB are constantly expanding, covering multiple fields such as catering, transportation, shopping, tourism, healthcare, communication, and government services.

At this conference, expert representatives from Ant Group, Huawei, Duxiaoman, Bairong Yunchuang, even numbered technology and other units mainly discussed and exchanged ideas on digital technology and digital economy, deeply explored the current situation and trends of metaverse, financial technology and blockchain development, emphasized the promotion of deep integration of digital technology and digital economy through technological innovation and industrial empowerment, helped promote high-quality economic development, accelerated digital transformation and industrial upgrading, and provided society with more intelligent, convenient and high-quality digital services.