Blockchain and Metaverse For Peer-to-peer Energy Marketplace: Research Trends and Open Challenges

Moniruzzaman, Md; Yassine, Abdulsalam; Benlamri, Rachid

doi:10.1109/ictmod55867.2022.10041871

Cited by 7 publications

(3 citation statements)

References 32 publications

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Section: Emergence Of New Business Modelsmentioning

confidence: 99%

“…One business model benefiting from the development of blockchain technology in the Metaverse is the peer-to-peer economy [143]. Peer-to-peer transactions allow people to trade goods and services without the need for middlemen [143]. Increased trust between parties and decreased transaction costs are two benefits of the blockchain [144], [145].…”

Section: Emergence Of New Business Modelsmentioning

confidence: 99%

“…Increased trust between parties and decreased transaction costs are two benefits of the blockchain [144], [145]. By enabling more effective and transparent transactions, this idea has the potential to completely alter how businesses operate in the Metaverse [143]. Peer-to-peer commerce can also provide new opportunities for people to participate in the economy by directly exchanging products and services [144].…”

Section: Emergence Of New Business Modelsmentioning

confidence: 99%

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Blockchain Technology and Virtual Asset Accounting in the Metaverse: A Comprehensive Review of Future Directions

AL-Hawamleh,

Altarawneh,

Hikal

et al. 2024

IJCDS

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This research focuses on the metaverse's evolving trend and the potential application of blockchain technology in the accounting of virtual assets in this digital domain. The metaverse introduces a new economy in which users may earn real-world revenue through virtual activities, necessitating the need for efficient and dependable virtual asset accounting. Blockchain technology, with its decentralized and immutable record, appears to be a viable answer to these problems. This paper discusses the present status of blockchain technology for accounting for virtual assets in the metaverse as well as its potential role for businesses and the economy. It also determines the technology's issues and limits and makes recommendations for further development. The approach of this study is based on a comprehensive review of the existing literature on the interactions between blockchain technology, virtual asset accounting, and the metaverse. The findings indicate that blockchain technology has the potential to transform virtual asset accounting in the metaverse by improving security, transparency, and consistency. However, scalability and legal/regulatory issues must be overcome before it can completely achieve its promise. Accounting experts, developers, and stakeholders interested in the convergence of blockchain technology and the metaverse economy will find this paper useful.

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Section: Emergence Of New Business Modelsmentioning

confidence: 99%