Global Collaboration Village: A New Metaverse Program Introduce By WEF

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The metaverse has been a popular topic of discussion at the World Economic Forum (WEF) 2023, which is currently taking place in Davos, Switzerland because the future design of the internet holds the promise of transforming numerous industries and is not limited to simply being a gamified virtual representation of reality.

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On Tuesday, the World Economic Forum unveiled a functional prototype of its own metaverse project, Global Collaboration Village, which is intended to serve as a platform for organizations to interact and build action plans to address the world’s most pressing concerns.

“This new form of technology-enabled human engagement is on track to become pervasive in our personal and professional lives,” WEF founder and executive chairman Klaus Schwab stated in a Forbes piece. “Business executives, government officials, and leaders from civil society must collaborate to create and build an economically viable, interoperable, safe, equitable, and inclusive metaverse.”

Global Collaboration Village was created with the help of Microsoft Mesh, a new “mixed-reality platform powered by Azure that lets people in different physical places join collaborative and shared holographic experiences on many different types of devices.”

The metaverse platform has already formed alliances with Microsoft, Accenture, and more than 80 other firms, and it will include a town hall for sessions, meetings, and seminars, as well as virtual collaborative spaces. Organizations will also be allowed to establish their own hubs to promote their programs.

“Supported by a diverse variety of public and private sector partners, the Village will harness the metaverse’s frontier capabilities to identify answers for solving the big concerns of our day in a more open, inclusive, and sustained manner,” Schwab said.

“In order to gain widespread acceptance, the metaverse must demonstrate that it is more than just a replacement for what we now do, but that it enables us to accomplish things in new and more effective ways.”

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Global Collaboration Village, according to Schwab, is the “first global, purpose-driven metaverse platform,” and it was “designed to enable more sustained public-private cooperation and motivate action to produce an effect at scale.”

“By design, it will be an inclusive and responsible space to conceive alternative possibilities, examine ideas and systems transparently and safely, and envision what the future of active multistakeholder cooperation could look like,” he said.

WEF Introduces Global Collaboration Village - A New Metaverse Program
WEF Introduces Global Collaboration Village

A Digital Industrial Revolution 

Panel experts discussed how the metaverse is producing an echo of the industrial revolution, with an industrialized metaverse introducing Web3 technologies to industries that touch our daily lives, during a panel discussion focusing on the global idea of an industrialized metaverse.

According to Abdullah Alswaha, Saudi Arabia’s minister of communications and information technology, the transition is necessary because “the digital world that we live in today is not fit for purpose in the twenty-first century.”

Alswaha believes that integrating the current digital communication infrastructure with the metaverse would be beneficial, adding, “I’m a huge advocate of the metaverse because it’s going to be the next wave of how immersive experiences operate for consumers, enterprises, and the industry.”

Read More: Why Game Developers Are Not Ready For the Metaverse

Charles Tamsons, Ericsson’s senior vice president and head of business area technologies, remarked that the technology is already being used in the healthcare, automotive, and consumer electronics industries and that it has great promise for improving retail onboarding.

“Huge retail and consumer goods organizations are looking for ways to improve and decrease the time for staff onboarding and training,” Tamsons added.

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