The IRMA Community
Newsletters
Research IRM
Click a keyword to search titles using our InfoSci-OnDemand powered search:
|
The Role of Blockchain Technology in the Metaverse Ecosystem
|
|
Author(s): Pooja Kulkarni (Vishwakarma University, Pune, India), Babasaheb Jadhav (Global Business School and Research Centre, Dr. D.Y. Patil Vidyapeeth, Pune, India), Ashish Kulkarni (Dr. D.Y. Patil B-School, Pune, India), Alex Khang (Global Research Institute of Technology and Engineering, USA)and Sagar Kulkarni (MIT World Peace University, Pune, India)
Copyright: 2023
Pages: 9
Source title:
Handbook of Research on AI-Based Technologies and Applications in the Era of the Metaverse
Source Author(s)/Editor(s): Alex Khang (Global Research Institute of Technology and Engineering, USA), Vrushank Shah (Institute of Technology and Engineering, Indus University, India)and Sita Rani (Department of Computer Science and Engineering, Guru Nanak Dev Engineering College, India)
DOI: 10.4018/978-1-6684-8851-5.ch011
Purchase
|
Abstract
Metaverse is a virtual world based on AR and VR. The word Metaverse comprises “meta,” which means beyond, and “verse,” which means universe, which combines world beyond imagination. Today's Z generation wants everything over the tip of their fingers, even if they don't want to step out for purchasing groceries or daily household items and hang out with buddies. The Metaverse can provide a solution to this problem. Without stepping out of their home, they can virtually cheat and chat with friends and have a party with food and drink by sitting at their own homes by purchasing through virtual currency, own virtual assets including house, jewelry, etc. by creating their avatar using AR and VR technology. The use of blockchain technology solves the decentralization issue, maintenance of cryptocurrency, and other applications. Hence, the use of blockchain in the Metaverse ecosystem can benefit financial, non-financial, and privacy issues that may occur due to the described framework of the Metaverse ecosystem.
Related Content
|
Kumar Shalender, Babita Singla.
© 2024.
11 pages.
|
|
R. Akash, V. Suganya.
© 2024.
32 pages.
|
|
Prathmesh Singh, Arnav Upadhyaya, Nripendra Singh.
© 2024.
14 pages.
|
|
Arpan Anand, Priya Jindal.
© 2024.
13 pages.
|
|
Surjit Singha, K. P. Jaheer Mukthar.
© 2024.
26 pages.
|
|
M. Vaishali, V. Kiruthiga.
© 2024.
14 pages.
|
|
Ranjit Singha, Surjit Singha.
© 2024.
21 pages.
|
|
|