A bunch 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 deal with world leaders on the alternatives and challenges posed by the expansion of Web3 know-how
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 she careworn 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 International Summit at this time to present 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 turn into a blockchain-enabled “good nation” however famous the nation was “lagging opponents” in securing blockchain-related jobs.
The primary U.Okay. nationwide precedence is Web3 business progress and workforce planning, she stated earlier than including:
“A part of that’s about making the U.Okay. a horny hub for Web3 founders, builders, programmers and firms to work right here.”
Elphicke known as for extra nationwide blockchain roadmaps and collaboration between international locations, commenting that thus far, 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 know-how being utilized to local weather mitigation efforts, industrial symbiosis networks and digital identification packages.
She additionally talked about DeFi, stating that it poses “distinctive challenges and alternatives for regulators and policymakers,” earlier than including that “making certain transparency, auditability, and accountability in these ecosystems is paramount.”
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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 pattern will solely develop from right here.”
Nevertheless, on Sept. 19, the On-line Security Invoice, geared toward regulating sure U.Okay. web companies, together with actions within the metaverse, handed by means of parliament.
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