HK Legislative Council Member Advocates for Integrating Senior Economy with Web3

Hong Kong Legislative Council member and CPPCC member Johnny Ng, known as @Johnny_nkc on Twitter, attended the “2023 World Internet Conference” in Wuzhen, where he delivered a keynote speech on digital literacy and skills enhancement. Ng’s speech, dated 9th November 2023, focused on two main themes: the integration of the senior economy with the internet, and the role of Web3 technology in empowering content creators.

The Senior Economy and Internet Synergy

Johnny Ng highlighted the case of “Pan Lao Lao,” a senior internet celebrity with over 23 million followers, who uses the internet to stimulate rural revitalization and the senior economy. By creatively showcasing rural scenery and cuisine through short videos, she not only boosts local economic activities but also demonstrates the potential of seniors in leveraging their experience for economic benefit. This model is pertinent for Hong Kong, where discussions about the senior economy are gaining traction. Ng suggested that Hong Kong could learn from mainland China’s success in integrating the internet with the senior economy to foster industry growth in Chinese-speaking markets.

Web3’s Impact on Content Creators’ Earnings

In his speech, Ng mentioned recent developments in Web3 in Hong Kong. He emphasized that a key aspect of Web3 is blockchain technology’s decentralization feature. For content creators, this means the ability to bypass centralized platforms, directly monetizing their work through a decentralized model. This approach not only empowers creators financially but also serves as a practical application of Web3 technology in real-world scenarios.

Ng concluded by stressing the importance of merging technology with everyday life and the physical economy to drive societal progress. His insights at the conference underline the growing significance of the internet in the senior economy and the potential of Web3 technologies in reshaping content creation and distribution.

Image source: Shutterstock

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