March 3 (ChainDD) Jianlong Pi, a member of the Chinese People's Political Consultative Conference (CPPCC) and director of Beijing Jintai Law Firm, has been concerned about the development of digital economy for many years. During the "Two Sessions" of China this year, he has put forward proposals such as speeding up the special legislation on the protection of online virtual property, and building a legal system for the protection of data intellectual property.

Pi believed that the next generation of the Internet will be the web of value, and blockchain, smart contract, oracle machines, metaverse, AI and other technologies are important technologies for asset digitization.

PI suggested that laws, administrative regulations, judicial interpretations, departmental rules and other forms can be adopted to clarify the definition and scope of online virtual property, and clearly define the legal status of relevant subjects in the fields.

He also suggested that the National People's Congress put the online virtual property protection law into the legislative plan as soon as possible and start the related legislative process.