EU Parliament Calls on Members to Lead in Metaverse Technology
The European Union (EU) parliament has urged member-states to take the lead in the development and implementation of metaverse technology. The parliament’s Committee on Internal Markets and Consumer Protection passed a report emphasizing the need for regulation in the digital single market and for Europe to play a leading role globally. The lawmakers also called for global collaboration to create interoperable networks across borders. The draft was adopted with strong support, signifying a united front in favor of the committee’s proposals.
EU Aims to Lead the Digital Revolution
Pablo Arias Echeverria, the rapporteur, emphasized that Europe cannot afford to lag behind in the next digital revolution and must establish a foundation rooted in strong EU digital rules, principles, and values. The EU wants its values at the center of metaverse technology, with a focus on fundamental human rights and consumer protection. The region has been actively addressing privacy concerns and aims to ensure user data is safe while interacting with virtual worlds. The EU also seeks a level playing field for domestic businesses and plans to drive consumer education on responsible use of technology.
Benefits and Concerns of Metaverse Technology
The EU believes that if metaverse technology is implemented correctly, it can bring significant benefits to the economy, including advancements in education, employment, and skill development. However, concerns such as addiction, impact on sleep, and cybersickness must be addressed. The EU has been proactive in tackling privacy concerns related to digital currencies like the digital euro. The region aims to create sustainability for domestic businesses while prioritizing consumer rights and data protection.
Hot Take: EU Parliament Urges Member-States to Lead in Metaverse-Tech Implementation
The EU parliament has called on member-states to take charge in the development and implementation of metaverse technology. By playing a leading role, the EU aims to ensure that its values and principles are at the forefront of this digital revolution. The region recognizes the potential benefits of virtual worlds but also acknowledges the need for regulation, consumer protection, and responsible use of technology. By collaborating with global partners, Europe can create interoperable networks and establish itself as a key player in the metaverse. It remains to be seen how member-states will respond to this call and shape the future of metaverse technology.
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