Non-fungible token (NFT) and the metaverse topped the list of the most searched keywords in Google in the year past, which saw a growing number of brands embark on new ventures in the metaverse sector. On the other hand, supply chain disruptions are likely to remain a threat to economic growth in the foreseeable future. Two faculty members have recently illuminated on these much-talked-about topics in their commentaries in Hong Kong Economic Times.
Metaverse and NFT
Associate Professor Allen HUANG of the Department of Accounting wrote that the prevalence of online meetings during the pandemic, along with the advancement of AI and VR technologies supported by major industry players, has contributed to the metaverse’s growing popularity, opening up promising opportunities for immersive interactive applications. Since personal data privacy is a vulnerable area in the metaverse, industry players are well-advised to address the related moral and privacy issues, or risk undermining the development of this emerging sector, noted Professor Huang.
Articles by Professor Allen HUANG (in Chinese only)
Block-chained Based Metaverse Opens the Future and Privacy Concerns in the Metaverse
Chair Professor JT LI of the Department of Management said that creating value through new technology is a key to staying ahead, with NFT and digitalization initiatives offering strong potential in reshaping the sports and healthcare sectors respectively.
Article by Professor JT LI (in Chinese only)
Value Creation key to Success as Technology Upends Industries at Growing Pace
Supply Chain Disruptions
Citing a World Economic Forum report, Professor Li wrote that amid the lingering pandemic-related disruptions and rising geopolitical tensions, the world is likely to come up against new emerging risks, including cyber vulnerabilities, barriers to migration, disorderly climate transition, competition in space and debt crises. Multilateralism can offer the world a better chance of averting these risks.
Professor Li also noted that according to a KPMG survey, digital transformation and ESG are among the top concerns for manufacturing firms across the globe. Striving for talent diversity and tapping new technologies are ways in which challenges can be turned into opportunities.
Articles by Professor JT LI (in Chinese only)
Multilateral Cooperation to Defuse Tension and Impact of Russia-Ukraine on Supply Chains