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Publication(Washington, DC: World Bank, 2023-01-20) World BankThe World Bank Transport Global Practice (GP) promotes safe, clean, affordable transport that supports economic and social development. One of the focuses of the Transport GP’s portfolio is to support client countries’ and cities’ efforts to implement smart mobility. Smart mobility, in this report, refers to transport modes and services with efficient, convenient, safe, or sustainable features backed up by technological components. Examples of smart mobility include transport modes with digital ticketing, on-demand mobility, drones, and autonomous vehicles, although there is a wide variety of smart mobility options. World Bank Group (WBG) clients require expertise and strategies to be able to implement smart mobility applications and solutions. The World Bank Information and Technology Solutions Technology and Innovation Lab (ITSTI) has expertise in use of disruptive technologies such as artificial intelligence, Internet of things, blockchain, and robotics and has developed policy recommendations using a policy development methodology called Foresight, which is a structured, systematic way of using ideas about the future to anticipate and prepare for change. Transport GP, Digital Development GP, and ITSTI used Foresight to develop this report to assist clients by providing insights into the Foresight methodology and how it can be leveraged to develop future-ready international development projects.
Publication(Washington, DC: World Bank, 2022-06-08) World BankThe Metaverse, widely regarded as a successor to today’s internet, is a concept embodying a unified digital world that is tightly connected to the physical world. In the Metaverse, people can interact without physical or geographic constraints and enjoy a compelling sense of social presence. This offers a positive impact on the real world in various areas. In addition, the Metaverse can serve as a globally unified economic system for digital content that enables entities in different countries to interact frictionlessly. The emerging technologies curation series aims to capture and share Korea’s experience and lessons learned in regard to the exploration and adoption of emerging technologies such as blockchain, AI, edge-computing, IoT, 5G, and so forth. This third issue in the series briefly describes the Metaverse and its potential for solving development challenges, alongside key highlights of Korea’s experience.