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Promoting the Integration of Senior Economy with Web3: Insights from a Hong Kong Legislative Council Member

Promoting the Integration of Senior Economy with Web3: Insights from a Hong Kong Legislative Council Member

Hong Kong Representative Speaks on Internet Integration and Web3 Technology

Johnny Ng, a member of the Hong Kong Legislative Council and CPPCC, recently delivered a keynote speech at the “2023 World Internet Conference” in Wuzhen. His speech focused on digital literacy and skills enhancement, emphasizing the integration of the senior economy with the internet and the role of Web3 technology in empowering content creators.

The Senior Economy and Internet Synergy

Ng highlighted the case of “Pan Lao Lao,” a senior internet celebrity with over 23 million followers, who uses the internet to stimulate rural revitalization and the senior economy. By showcasing rural scenery and cuisine through short videos, she boosts local economic activities and demonstrates the potential of seniors leveraging their experience for economic benefit. Ng suggested that Hong Kong could learn from mainland China’s success in integrating the internet with the senior economy to foster industry growth in Chinese-speaking markets.

Web3’s Impact on Content Creators’ Earnings

Ng mentioned recent developments in Web3 in Hong Kong, emphasizing blockchain technology’s decentralization feature. For content creators, this means bypassing centralized platforms and directly monetizing their work through a decentralized model. This approach empowers creators financially and serves as a practical application of Web3 technology in real-world scenarios.

Hot Take: The Future of Internet Integration

Johnny Ng’s insights at the “2023 World Internet Conference” underscore the growing significance of the internet in the senior economy and the potential of Web3 technologies in reshaping content creation and distribution.

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Promoting the Integration of Senior Economy with Web3: Insights from a Hong Kong Legislative Council Member