Davos 2023: WEF Unveils Global Collaboration Village Metaverse Platform

Davos 2023: WEF Unveils Global Collaboration Village Metaverse Platform

The World Economic Forum (WEF) has announced the rollout of the Global Collaboration Village, its own metaverse platform, for this year. Klaus Schwab, chairman of the WEF, plans to leverage this representation of Davos to allow people and leaders to meet in virtual worlds and coordinate global collaboration efforts efficiently. WEF to Promote Metaverse-Based Collaboration

The World Economic Forum (WEF) has announced the rollout of its own metaverse platform, dubbed the Global Collaboration Village. The digital world, designed to look like the actual town of Davos in which the organization meets once every year, will supposedly allow for more efficient collaboration between world leaders.

According to Klaus Schwab, chairman of the organization, the WEF plans to leverage this new world as a way of turning Davos meetings, which usually last just a week, into a project that will allow for interviews and conversations between world leaders all year round.

Schwab is optimistic about this, as the effect of the policies discussed at Davos might be amplified through constant feedback. “This could revolutionize global collaboration,” he told Time magazine.

The organization believes that meeting through avatars and digital representations might empower the creativity behind these meetings, compared to the video meetings that commonly occur during these events. Tech and Partners

The technology that would power this metaverse representation of Davos would be provided by Microsoft and its Mesh suite, which extends the functionality of Teams, the popular business meeting software, to allow users to appear as 3D avatars. Mesh also has a specially designed app for VR headsets that allows for more interactivity with the metaverse worlds.

This level of immersion is key for the applications that the WEF aims to give these spaces, like showing the effect that certain measures could have, for example, in restoring ocean coral reefs. Kelly Ommundsen, head of the WEF metaverse project, stated the group is “trying to do things that can only happen in the metaverse—because if it’s better done in person or on paper, then it doesn’t make sense.”

Schwab has already enlisted the collaboration and presence of several partners, including Meta and the International Monetary Fund (IMF), that will populate the village spaces with their projects. He expects some kind of resistance to this initiative, but also expects a heavier involvement of people from outside the organization. He explained: We need new ways of international cooperation, which will allow us to involve many more people into our discussions. Tags in this story Davos, Global Collaboration Village, IMF, International Monetary Fund, Kelly Ommundsen, Klaus Schwab, Meta, Metaverse, Microsoft mesh, microsoft teams, WEF, World Economic Forum

What do you think about the WEF metaverse initiative? Tell us in the comments section below Sergio Goschenko

Sergio is a cryptocurrency journalist based in Venezuela. He describes himself as late to the game, entering the cryptosphere when the price rise happened during December 2017. Having a computer engineering background, living in Venezuela, and being impacted by the cryptocurrency boom at a social level, he offers a different point of view about crypto success and how it helps the unbanked and underserved. Shanghai Metaverse Pilot Introduces Digital Services in 20 Urban Locations METAVERSE | 2 days ago WEF Predicts Metaverse Tech Will Change Industry First, Moving to the Consumer Space Later METAVERSE | 3 days ago

Image Credits: Shutterstock, Pixabay, Wiki Commons, Poetra.RH / Shutterstock.com Previous article1inch Network Launches Hardware Wallet for Storing Users’ Private Keys in a Secure Offline Setting Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItRipple CEO: SEC Lawsuit Over XRP "Has Gone Exceedingly Well"

The CEO of Ripple Labs says that the lawsuit brought by the U.S. Securities and Exchange Commission (SEC) against him and his company over XRP "has gone exceedingly well." He stressed: "This case is important, not just for Ripple, it’s ... read more.Fidelity Investments Launches Crypto, Metaverse ETFs — Says "We Continue to See Demand" Bill ‘On Digital Currency’ Caps Crypto Investments for Russians, Opens Door for Payments Privacy-Centric Monero Plans for July Hard Fork, Plans Include Ring Signature, Bulletproof Upgrade Fed"s Bullard Wants to Raise Bank Rate to 3.5% by Year"s End, Hints at 75 Basis Point Rate Hike