Internet of Things

Academic Pei Sai Fan says that one should dream big with the metaverse and not only see it as a new avenue of making money. By creating a new virtual universe from scratch, we can make good use of the blockchain-based metaverse to promote an equitable, more transparent and more inclusive rules-based international digital currency and financial system and enhance the global governance system to deal with issues facing all countries. This would require a global approach and China is well placed technologically to actively participate and lead the effort with like-minded nations in creating such a metaverse. It would be a pity if countries squandered such an opportunity to truly build a better world for all mankind.

Dr Kai-Fu Lee recently spoke at a summit reviewing the development of artificial intelligence. He gave five predictions about the industrial changes that would be brought about by the combination of artificial intelligence and other new technologies. Lee feels these changes would allow China to lead the world in science and technology in the next 20 years or so. This is the edited version of his speech.

Leaked data from one platform company may not pose a major national security threat, but data from multiple platforms combined might, warns technology specialist Yin Ruizhi. As countries become more wary of internet security risks, it will be increasingly difficult for platform companies to get listed overseas. What is the alternative then?

Recently, Xinba, one of the biggest influencers on Chinese streaming platform Kuaishou, sold US$300 million worth of goods in a single 12-hour session, in a testament to the enormous pull of livestreaming e-commerce. Research shows that crowdfunded products often rely on livestreaming e-commerce to convey product information and funnel early adopters. Such an ecosystem creates a positive business environment for producing and marketing new products. Technology specialist Yin Ruizhi looks at how live-streaming e-commerce is fast giving China the edge in product innovation.

Japanese academic Masaaki Yatsuzuka examines the PLA's latest efforts to move towards smart technology and smart warfare, and what this might mean for China and other countries.

Many Southeast Asian telecommunication providers have rolled out their 5G masterplans and selected vendors this year, with Covid-19 prompting the need to accelerate the upgrading of digital infrastructure. However, while most Southeast Asian countries welcome collaboration with Chinese telecommunication vendors including Huawei, some telecommunication providers in Singapore, Malaysia, and the Philippines have recently moved away from partnering with Chinese companies. ISEAS academic Melinda Martinus finds out SEA's preferred vendors for developing 5G networks, and the reasons behind these shifts in preferences. Are Chinese companies still well-positioned to seize the opportunities in this arena?

While the potential of the Internet of Things (IoT) has been bandied about in the last two decades, it is only now at the dawn of the 5G era that the concept looks set to take off. Sports, education, eldercare...exciting times are ahead for IoT applications that are now within our grasp.

Kwek So Cheer warns that Singapore faces the risk of being irrelevant in a new world going through a fourth industrial revolution. In that respect, it has much to learn from China, who plays a leading role when it comes to advanced technologies such as Artificial Intelligence, 3D printing and the Internet of Things.

With 5G becoming a reality in China as we speak, Yin Ruizhi weighs up the challenges and immense opportunities this technology brings for the telecommunications industry.