Demystifying Metaverse as a New Paradigm of Enterprise Digitization

Bian, Yiyang; Leng, Jiewu; Zhao, Jindong

doi:10.1007/978-3-030-96282-1_8

Cited by 33 publications

(27 citation statements)

References 9 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…The traditional centralized digital platforms that are currently available are disjointed and unorganized. Individuals must set up their accounts, avatars, hardware, and payment infrastructure to participate in different realms [51]. A user's options for transferring his or her digital possessions like NFT and avatar to another digital environment are restricted.…”

Section: ) Summarymentioning

confidence: 99%

“…The physical world's data storage capacity will be pushed to the limits as soon as the metaverse is fully operational. As a result, data storage will be a major challenge for deploying metaverse applications like gaming, entertainment, real estate, healthcare, etc [51]. There is a risk of data leakage, tampering, or loss if the metaverse relies on a central storage system.…”

Section: B Data Storage 1) Introductionmentioning

confidence: 99%

See 1 more Smart Citation

Blockchain for the Metaverse: A Review

Gadekallu¹,

Huynh‐The²,

Wang³

et al. 2022

Preprint

View full text Add to dashboard Cite

Since Facebook officially changed its name to Metaverse in Oct. 2021, the metaverse has become a new norm of social networks and three-dimensional (3D) virtual worlds. The metaverse aims to bring 3D immersive and personalized experiences to users by leveraging many pertinent technologies. Despite great attention and benefits, a natural question in the metaverse is how to secure its users' digital content and data. In this regard, blockchain is a promising solution owing to its distinct features of decentralization, immutability, and transparency. To better understand the role of blockchain in the metaverse, we aim to provide an extensive survey on the applications of blockchain for the metaverse. We first present a preliminary to blockchain and the metaverse and highlight the motivations behind the use of blockchain for the metaverse. Next, we extensively discuss blockchain-based methods for the metaverse from technical perspectives, such as data acquisition, data storage, data sharing, data interoperability, and data privacy preservation. For each perspective, we first discuss the technical challenges of the metaverse and then highlight how blockchain can help. Moreover, we investigate the impact of blockchain on key-enabling technologies in the metaverse, including Internet-of-Things, digital twins, multi-sensory and immersive applications, artificial intelligence, and big data. We also present some major projects to showcase the role of blockchain in metaverse applications and services. Finally, we present some promising directions to drive further research innovations and developments towards the use of blockchain in the metaverse in the future.

show abstract

Section: ) Summarymentioning

confidence: 99%

Section: B Data Storage 1) Introductionmentioning

confidence: 99%

Blockchain for the Metaverse: A Review

Gadekallu¹,

Huynh‐The²,

Wang³

et al. 2022

Preprint

View full text Add to dashboard Cite

show abstract

“…The Metaverse relies on IoT data to operate. Cyber-attacks and data storage are the major challenges for deploying the Metaverse applications like gaming, socializing, real estate, and healthcare [241], [242]. The cybersecurity of the Metaverse interfaces has to be secured to create a sustainable Metaverse that can be used in the long term.…”

Section: B Security and Privacymentioning

confidence: 99%

When Internet of Things Meets Metaverse: Convergence of Physical and Cyber Worlds

Cui

et al. 2023

IEEE Internet Things J.

View full text Add to dashboard Cite

14In recent years, the Internet of Things (IoT) is studied in the context of the Metaverse to provide users immersive cyber-virtual experiences in mixed reality environments. This survey introduces six typical IoT applications in the Metaverse, including collaborative healthcare, education, smart city, entertainment, real estate, and socialization. In the IoT-inspired Metaverse, we also comprehensively survey four pillar technologies that enable augmented reality (AR) and virtual reality (VR), namely, responsible artificial intelligence (AI), highspeed data communications, cost-effective mobile edge computing (MEC), and digital twins. According to the physical-world demands, we outline the current industrial efforts and seven key requirements for building the IoTinspired Metaverse: immersion, variety, economy, civility, interactivity, authenticity, and independence. In addition, this survey describes the open issues in the IoT-inspired Metaverse, which need to be addressed to eventually achieve the convergence of physical and cyber worlds.

show abstract

“…Without sharp distinctions such as virtual and real in the metaverse, users can access all content and experiences in the metaverse and from anywhere, either in augmented reality (AR) or virtual reality (VR) mode. Since the virtual and real worlds are so intertwined, users exist simultaneously in both environments with the help of their digital avatars, and their actions on both sides affect each other in real-time [24].…”

Section: A What Is Metaverse?mentioning

confidence: 99%

“…Most importantly, this training can be applied to any industry, such as virtual customers or patients, where AI avatar bots are used as part of an immersive and engaging learning experience. Different 3D ecosystems can be created to specifically meet the needs of businesses [24]. Using these 3D event platforms, companies can host and attend meetings, create breakout spaces, hold team-building sessions, participate in corporate partnership calls, and even create and promote webinars.…”

Section: Metaverse Education and Culture Projectsmentioning

confidence: 99%

Entrepreneurship in The World of Metaverse: Virtual or Real?

YEMENİCİ>¹

2022

Journal of Metaverse

View full text Add to dashboard Cite

In this study, an in-depth literature review method was applied. Period; It examines academic studies and current information on the internet and its interpretation of entrepreneurship in the metaverse world. For those who want to be entrepreneurs in the world of Metaverse, business opportunities, conveniences and difficulties of Metaverse are evaluated. The concepts of virtual reality and virtual world, which are the leading steps of the rapidly developing digital age, are gaining importance. The metaverse world, which leads them and breaks new ground in the virtual world, is a universe in which it is predicted that investors will make large investments in terms of technology and economy. For this purpose, the researcher examined studies in the metaverse literature, and as a result of these studies, the subject of entrepreneurship in the metaverse world was discussed. In the metaverse world, the study results on entrepreneurship are seen as an opportunity to be seized economically. Those who will participate in the upcoming metaverse shift will seize this great opportunity. Another finding is that taking place in the metaverse world is not suitable for the time being in terms of costs. To avoid being affected by increasing costs, it is recommended that entrepreneurial individuals first determine a good idea and make a good feasibility study on how to realise this idea in the virtual world. This article is an original study that addresses the benefits, conveniences and challenges of being an entrepreneur in the Metaverse world. The literature review found no investigation on entrepreneurship in the Metaverse world. The fact that the Metaverse has the potential to have great effects on the business world and social life standards in the future makes this research more interesting. In addition, by specifying the impact of Metaverse on the business world, it has been tried to shed light on the problems and opportunities that large or small-scale enterprises and entrepreneurs will face in the future.

show abstract

Demystifying Metaverse as a New Paradigm of Enterprise Digitization

Cited by 33 publications

References 9 publications

Blockchain for the Metaverse: A Review

Blockchain for the Metaverse: A Review

When Internet of Things Meets Metaverse: Convergence of Physical and Cyber Worlds

Entrepreneurship in The World of Metaverse: Virtual or Real?

Contact Info

Product

Resources

About