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Blockchain Technology, MetaUniverse, and Web3.0: Hong Kong’s New Strategy for Economic Development

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It is reported that in recent years, blockchain technology has developed rapidly, and more and more countries and regions have begun to develop MetaUniverse an…

Blockchain Technology, MetaUniverse, and Web3.0: Hong Kongs New Strategy for Economic Development

It is reported that in recent years, blockchain technology has developed rapidly, and more and more countries and regions have begun to develop MetaUniverse and Web3.0 (the third generation Internet). In a recent interview, Wu Jiezhuang, a member of the CPPCC National Committee of the Hong Kong Special Administrative Region and a member of the Legislative Council of the Hong Kong Special Administrative Region, said that by building Hong Kong as an international innovation and technology center, it will help the country’s economic development to a new level.

Member Wu Jiezhuang: Developing the digital Hong Kong dollar into a “stable currency” is also a good way to solve the security risk problem of Web3.0

Interpretation of the news:


Recent years have seen a rapid development of blockchain technology, MetaUniverse, and Web3.0, leading more countries and regions to consider their potential benefits. With a booming tech industry and a strategic location, Hong Kong is poised to harness their power, as indicated by Wu Jiezhuang, a member of the CPPCC National Committee of the Hong Kong Special Administrative Region and a member of the Legislative Council of the Hong Kong Special Administrative Region, in a recent interview.

According to Wu, Hong Kong’s aim is to establish itself as an international innovation and technology center, ultimately propelling the country’s economic growth to new heights. This goal is aligned with China’s national development plan, which highlights technology and innovation as key drivers for sustainable growth. In the interview, Wu emphasized that blockchain technology, MetaUniverse, and Web3.0, are critical components of Hong Kong’s future tech landscape, and can help the region maintain its competitive edge as a global financial hub.

Blockchain technology, in particular, has already proven to be influential in Hong Kong’s business sector. In 2019, Hong Kong’s Monetary Authority launched its blockchain-powered trade finance platform for small and medium-sized enterprises (SMEs), showcasing the city’s potential as a leader in blockchain application development. Likewise, MetaUniverse and Web3.0 represent the next frontier for internet technology, with the potential to transform various industries and create new business models.

By investing in these emerging technologies, Hong Kong can attract global talent, foster innovation, and create high-quality jobs in the tech industry. Wu noted that Hong Kong’s favorable business environment, strong intellectual property protection, and international connectivity are key advantages that can further bolster the region’s innovation capabilities.

In conclusion, Wu’s statement highlights the importance of blockchain technology, MetaUniverse, and Web3.0 in Hong Kong’s strategy to become an international innovation and technology center. As these technologies continue to evolve, they present immense opportunities for economic growth and societal transformation. By leveraging its strengths and investing in cutting-edge technology, Hong Kong can position itself as a leader in the global tech landscape.

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