(PHOTO: VCG)

By MIAO Qing & ZHONG Jianli

Beijing has unveiled a plan to encourage Web 3.0 innovation and support the development of core technologies in key areas, such as AI, blockchain, and high-performance computing chips.

Titled Work Plan for Innovative Development of Beijing Web 3.0 Industries (2023-2025), the document was jointly released by Beijing Municipal Science & Technology Commission, the Administrative Commission of Zhongguancun Science Park, and the Beijing Municipal Bureau of Economy and Information Technology on March 17.

It stressed that Beijing will establish a world-class hub for Web 3.0 sci-tech innovation and industrial development.

This goal will be pursued through a series of strategic initiatives, including making significant breakthroughs on fundamental core technologies, building generic technology-supporting platforms, creating exemplary scenarios for Web 3.0 applications, and improving Web 3.0 risk management.

With a focus on Web 3.0 infrastructure and interactive terminals, Beijing will dedicate its technological innovation to key areas, such as AI, blockchain, high-performance computing chips, communications networks, extended reality (XR) terminals and content production.

Taking the AI industry for example, Beijing will provide substantial support for the development of AI-generated content (AIGC)— a technology that uses AI models and deep fusion to generate texts, images, or videos automatically.

AI-based 3D modeling technology will also be encouraged, which will contribute to Web 3.0 content production. The city will support multi-model interactive technologies, including smart voice recognition, emotion capture, motion capture and others.

These initiatives are designed to bolster the Web 3.0 application ecosystem and support the continued growth and innovation of this rapidly evolving industry, according to the document.

In addition, to create the service platform for the circulation of digital assets, Beijing will conduct research on data classification and digital asset registration and issuance in accordance with laws and regulations, and explore ways to build a regulatory and governance model for Web 3.0 industries.