Klaus Schwab, chairman of the WEF, plans to use this Metaverse version of Davos to allow people and leaders to meet in virtual worlds and coordinate on issues of global importance more efficiently.

The World Economic Forum (WEF), together with Accenture (NYSE: CAN) and Microsoft (NASDAQ: MSFT), unveiled a prototype of the Global Collaboration Village metaverse at its Annual Meeting 2023. This metaverse is a platform for organizations to come together and address the world’s most pressing challenges.

80 leading organizations have contributed to the development of the village, and participants from around the world participated in the Forum’s first-ever interactive multilateral session in the metaverse. The village includes a virtual congress center for future sessions, virtual collaboration spaces for immersive storytelling, and stakeholder campuses for organizations to shape their presence and find solutions to global challenges.

Global Collaboration Village

“With the Global Collaboration Village, we are creating the first public purpose-oriented application of the metaverse technology, building a true global village in the virtual space. Supported by a unique range of partners from the public and private sectors, the Village will use the frontier capabilities of the metaverse to find solutions for addressing the big issues of our time in a more open, inclusive and sustained way,” said Klaus Schwab, Founder and Executive Chairman of the World Economic Forum.

Brad Smith, Vice-Chair and President, Microsoft Corporation, said, “The Global Collaboration Village, powered by Microsoft Mesh, is a prime example of how we can use metaverse technology to bring people and communities together in new ways.”

Over the next year, the Forum will invite organizations to build in these immersive spaces to promote learning, collaboration, and partnership, guided by the principles of global cooperation, interactive immersion, broad participation, and individual and collective action for maximum impact.

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Image by Reto Scheiwiller from Pixabay