Quick take:
- The World Economic Forum is foraying into the metaverse with a Virtual Global Collaboration Village.
- The Forum on Monday unveiled its plan to leverage the power of the metaverse in diversifying the participation of the global public interest.
- The WEF is looking to use the virtual global collaboration village to harness innovative solutions to tackle global challenges.
As the metaverse craze continues to have an impact on multiple industries, even non-governmental organisations are beginning to see the need to get involved. The World Economic Forum (WEF) on Monday unveiled the Virtual Global Collaboration Village.
The international lobbying NGO said it plans to harness the power of the metaverse to diversify the participation of the global public interest. WEF thinks it can use the Virtual Global Collaboration Village to provide innovative solutions that could help mitigate critical global challenges.
The Global Village is a collaboration project of WEF, Accenture and Microsoft, and is seen as the virtual future of private-public participation. Stakeholders will be able to meet in immersive spaces to solve some of the world’s pressing challenges.
Speaking at Davos-Klosters, Switzerland, on 23 May 2022, Klaus Schwab, the Forum’s Founder and Executive Chairman highlighted the Forum’s mission throughout history as a collaborative platform where “business, government, civil society and other stakeholders can come together to address critical global issues.”
“The metaverse will influence the way, people, governments, companies and society at large think, work, interact and communicate for the purpose of collectively addressing issues on the global agenda,” Schwab said.
On the other hand, Julie Sweet, Chair and CEO of Accenture, commented: “While the metaverse is only in its early days, it already holds great promise, not only for redefining how organizations work and interact but also for fostering effective public-private partnerships.” Sweet also added that the collaboration could help pioneer a trusted metaverse space.
Both Schwab and Sweet also seemed to agree that the Virtual Global Collaboration Village is an extension of the Forum’s real-world collaborations.
The virtual village is being formed to promote global cooperation among stakeholders, interactivity between participants and inclusivity.
The organisation also hopes that creating immersive experiences of the global challenges can help find better solutions whilst also creating a public space where more people can participate in discussions about pressing global issues.
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