2022year11month8day-11Today, with the theme of "Building a Cyberspace Community with a Shared Future",2022The annual World Internet Conference was held at the Wuzhen Exhibition Center in Zhejiang.
The Wuzhen World Internet Conference has been held for eight consecutive years. How do you view the changes this year compared to previous years? What trends are worth noting at this year's conference? With the overall environment slowing down, the internet industry is also reducing costs and increasing efficiency this year. How do you view the current development direction of the industry? Frost & SullivanFrost & SullivanExecutive Director, Greater China Region (hereinafter referred to as 'Frost & Sullivan') Cai Jinfeng An interview with South China Morning Post was conducted to jointly discuss the highlights of this year's World Internet Conference and the development direction of the internet industry.
Nanhua Morning Post
Q
The Wuzhen Internet Conference has been held for eight consecutive years. What are the changes this year compared to previous years?
2022year7Month, China successfully held8Based on the Annual Wuzhou Summit, the World Internet Conference International Organization was established, which is of milestone significance in the international internet field.2013The ' prismgate' incident in which the United States demonstrated its 'hegemonic world' in cyberspace has caused countries around the world to re-emphasize the issue of cyber sovereignty. With profound changes in the international landscape and escalating cyber attack methods, countries around the world have elevated the maintenance of cyber sovereignty to a national strategy.
2019Year to2021In [year], the World Internet Conference successively released the outcome document 'Cyber Sovereignty: Theory and Practice'.1.0Edition,2.0Edition and3.0Edition, appealing to all countries to respect cybers sovereignty and jointly build a new order in cyberspace.
In the past, the World Internet Conference has been held consecutively8In [year], China shifted from being passive to active, gaining more say in reshaping the international order of cyberspace. The Wuzhen World Internet Conference, as an important platform advocated and hosted by China, is of great significance for eliminating the global internet's unipolar pattern.
Q
The overall environment has slowed down, and the internet industry has also been reducing costs and increasing efficiency this year. What is the current development direction of the industry? What trends are worth paying attention to at this year's exhibitions?
Web3Trend: The traditional digital economy primarily relies on traditional internet technology, with search engines, e-commerce, social networks, and other applications as its main scenarios; the new digital economy, on the other hand, is based on the next-generation internet (also known asWeb3) as the main technology, and has extended to digital currencies and applications in terms of tools and scenarios.NFRAnd the metaverse.
Web3The value internet, with assets as its core object, is characterized by the interaction between algorithms and assets. It uses algorithms to distribute digital assets, achieving a trend towards 'zero marginal cost' in asset circulation. The resulting property rights economy will change the development model of the digital economy.Web3Infrastructure such as blockchain (decentralization),tokenThe development of mechanisms (economic incentive systems), etc., is becoming increasingly perfect, but larger-scale growth depends on the development at the application ecosystem level.
At the application level, it mainly consists ofDefiandNFTandGameFiThe leading sub-sectors are growing rapidly.DeFiThe development is relatively mature, capable of realizing functions such as trading, lending, and financing, making its exchange an industry traffic entrance; secondlyNFTMarket self2020Since [start year], the market has witnessed explosive growth in scale, with overseas markets benefiting from their trading/Speculative and social attributes, but domestic regulatory restrictions on secondary trading have stripped away its trading nature. Therefore, the future growth of the market mainly relies on collection value; finally,GameFiRely onP2EFeatured, already availableAxie,infinityandSTEPNPopular apps are expected to become the next trendsetter. At the same time, you can followSocialFiExploration results in advertising and search domain applications.
AIArtificial Intelligence Trends: The latest progress in artificial intelligence mainly focuses on new AI technologies, new AI frameworks, and new AI applications. In the field of new AI technologies, large models (AI models trained with massive amounts of data, featuring extremely large parameter sizes, capable of handling multiple tasks) and multimodal learning (machine learning methods that process multi-modal information such as speech, images, text, etc.) have made significant breakthroughs; in the field of new AI frameworks,googleandNVIDIACompanies are deploying AI architectures across various aspects, accelerating AI computing from software frameworks to hardware design, thereby liberating computing power. In new application areas of AI, deep learning (a machine learning algorithm based on multi-layer neural networks) and reinforcement learning have shone brightly in the fields of life sciences and energy development, respectively.
*This interview was published in Nanhua Morning Post, ReporterTracy Qu, the original text is named "TheThis year's quieter Internet Conference kept big tech executives away amidst a shift away from consumer technology>> (Clicking "Read the Original Article" at the end of the text will provide access to the full report).


