China Unveils Social Credit System for Metaverse Users
A new proposal in UN from China talks about the issuance of digital IDs and real-world litigation for offenses taking place in Metaverse. It means that Chinese officials seek to introduce a similar social credit mechanism in Metaverse projects similar to its existing internet realm. The proposal was prepared and submitted by a state-backed Chinese company named Telco.
The proposal talks about the importance of assignment of a unique digital ID for every Metaverse user and related virtual worlds. The firm has specified virtual worlds as environments where users can have natural and social characteristics.
The proposal is directed towards implementing necessary regulations on the virtual realms to ensure security and maintain order. These unique IDs can possess discernible data for every user such as job and other personal information.
The firm has maintained that this type of data access will be reserves for the law-enforcement agencies and financial regulators when required. This type of regulatory implementation can assist in tracking down the users who are spreading rumors and creating chaos in the Metaverse.
When users are bound to a digital ID, they can be easily identified and impose enforcement action.
Credit System for Social Media Realm
Chinese officials have decided to ensure safety and security of its citizens by bringing similar reporting requirements on the virtual world. For context it is important to note that social credit system is national credit rating system that assigns a trustworthy score to businesses and important individuals based on the criteria set by People Republic of China.
The government officials are considering implementation of a similar type of the accountability infrastructure.
In 2019, a press release revealed that law enforcement authorities were able to revoke plane tickets 17.5 million times for offenders on social media sites. Additionally, social offenders 5.5 million were blocked from buying train tickets.
China Mobile presented this proposal on 5th July, 2023 putting its focus on Metaverse under the UN communication technology agency the International Telecommunication Union (ITU).
A focus group working on Metaverse is lined up to gather in October to cast a vote on the matter. If the proposal is approved it could have a significant impact on telcos and tech firms.
Metaverse Regulatory Standards
There are some concerns on the matter with Metaverse users worried about being monitored by Chinese authorities. On the other hand, Metaverse VP at RWS Christiane Bernier revealed some upgrades regarding business communications on the platform.
He talked in details about the importance and evolution of the peer-to-peer communications and transformation of translation services within the virtual territory. He claimed that the changes in the communication styles and formats are going to make an impact on corporate interactions.
He maintained that marketing executives should examine this option and how they can translate it for consumer engagement. He claimed that such innovations may make a huge impact on consumer interaction with brands in that could be surrounded with possibilities.
He exclaimed that marketers will be able to come up with innovative solutions to leverage the new communication features and accessibility within Metaverse. The stance of Chinese government on Web3 tech such as Metaverse come to light in the form of a White Paper published on 1st June, 2023.
