Task Force in Hong Kong to Boost Web3 Development.

Hong Kong Establishes Task Force for Web3 Development

Hong Kong has established a task force to promote the development of Web3 technologies. The task force aims to develop a blockchain-based infrastructure to support the development of Web3 applications and services.

The task force will focus on building an open and secure blockchain-based infrastructure, which will enable developers to create and deploy Web3 applications and services. The task force will also work to promote the adoption of Web3 technologies in the public and private sectors.

The task force will also seek to create an environment that is conducive to the development of Web3 technologies. This includes creating a regulatory framework that will ensure that Web3 technologies are used responsibly and securely.

The task force will be composed of representatives from the government, industry, and academia. It will be chaired by the Secretary for Innovation and Technology, Nicholas Yang.

Task Force Goals

The task force aims to develop a blockchain-based infrastructure to support the development of Web3 applications and services. It also seeks to promote the adoption of Web3 technologies in the public and private sectors, as well as in the education sector. Additionally, the task force will work to create a legal and regulatory framework for Web3 development.

Task Force Structure

The task force is composed of representatives from the Hong Kong government, the private sector, and the education sector. It is chaired by the Secretary for Innovation and Technology, and includes representatives from the Hong Kong Science and Technology Parks Corporation, the Hong Kong Monetary Authority, and the Hong Kong Applied Science and Technology Research Institute.