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Metaverse and Immersive Technologies
book

Metaverse and Immersive Technologies

by Chandrashekhar A, Shaik Himam Saheb, Sandeep Kumar Panda, S. Balamurugan, Sheng-Lung Peng
October 2023
Intermediate to advanced content levelIntermediate to advanced
512 pages
13h 54m
English
Wiley-Scrivener
Content preview from Metaverse and Immersive Technologies

3Blockchain in the Development of Metaverse

Dileep Kumar Murala1 and Sandeep Kumar Panda2*

1 Computer Science and Engineering, Faculty of Science and Technology, ICFAI Foundation for Higher Education, Hyderabad, Telangana, India

2 Data Science and Artificial Intelligence, Faculty of Science and Technology, ICFAI Foundation for Higher Education, Hyderabad, Telangana, India

Abstract

The current buzzword, “metaverse”, has garnered a lot of interest from both businesses and academics. The goal of the metaverse is to create an immersive virtual environment that will enable users to communicate with the online world and other users in real time, establish a virtual economic system, and increase the virtual space for human activities via the Internet. This will infuse new life into the social, economic, and other fields. Exploring the metaverse allows you to create an exciting digital environment and improve the physical world. In this paper, we review studies on state-of-the-art metaverse, digital currency, and blockchain-enabled technology and explain how these can be combined. Exploitation and transdisciplinary research on blockchain integration into the metaverse will require academic–business collaboration. In this chapter, we provide basic information about blockchain, the consensus algorithms for blockchain, the usage of blockchain in the metaverse, problems in the metaverse, how blockchain technology is useful for solving metaverse issues, and, finally, a conclusion with ...

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Publisher Resources

ISBN: 9781394174546Purchase Link