The realm of metaverse: A survey

Venugopal, Jothi Prakash; Subramanian, Arul Antran Vijay; Peatchimuthu, Jegathesh

doi:10.1002/cav.2150

Cited by 26 publications

(10 citation statements)

References 217 publications

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“…Our findings provide a solid foundation for outlook research in the context of applying Blockchain technology to the field under study. Researchers are encouraged to explore specific topics more deeply, such as the integration of smart contracts in the accommodation booking process or the development of decentralised identification solutions to augment customer security [65]. Furthermore, the effect of Blockchain technology on the sustainability and operational efficiency of tourism accommodation companies should be explored further, as suggested in studies pertaining to other fields [66].…”

Section: Discussionmentioning

confidence: 99%

Blockchain in Peer-to-Peer Platforms: Enhancing Sustainability and Customer Experience in Tourism

Prados-Castillo,

Torrecilla-García,

Andraz

et al. 2023

Sustainability

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Blockchain technology is emerging as a high-impact solution for the tourism industry, a topic chosen for its growing research relevance and potential to revolutionise the tourism sector in several areas. This study examines how the combination of Blockchain technology and P2P platforms advances sustainability and marketing in the tourism accommodation market. It attempts to fill a gap in the literature by focusing on its application in two areas, namely digital markets and technology, which are expanding. The originality of this research lies in its comprehensive review of blockchain applications in tourism from a practical point of view, which has been largely unexplored in the existing literature. Through a bibliometric review of forty-two papers, various Blockchain applications were identified, such as improving transparency, trust, and efficiency in hotel operations and eliminating intermediaries to reduce costs. The adoption of smart contracts and the use of cryptocurrencies have also emerged as key trends. These findings highlight the transformative potential of Blockchain technology to build trust between hosts and guests, streamline processes, and improve the customer experience. However, they emphasise the need for the careful planning and consideration of the challenges associated with implementing this technology. Future research should further explore the specific applications of Blockchain technology in tourism to optimise its impact on industry and ensure long-term sustainability.

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Section: Discussionmentioning

confidence: 99%

Blockchain in Peer-to-Peer Platforms: Enhancing Sustainability and Customer Experience in Tourism

Prados-Castillo,

Torrecilla-García,

Andraz

et al. 2023

Sustainability

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“…Accounting places a great value on security, and blockchain technology has the potential to deliver a highly secure and tamper-proof system in the metaverse [62]. Because blockchain technology is decentralized, there is no single point of failure, lowering the danger of cyberattacks or data breaches [63], [64].…”

Section: ) Advantages Of Blockchain Technology For Accounting In the ...mentioning

confidence: 99%

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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“…Still, authors often document them in a varied layering formats depending on their application domain. For example, Venugopal et al present an aggregation of these six technologies into a four-layer technology stack [21]. Namely, these six technologies include (i) a computational infrastructure, (ii) virtualisation software, (iii) a viable economy substructure and economic interoperability, (iv) the human interface hardware, (v) virtual worlds (centralised and decentralised) and (vi) AI.…”

Section: Metaverse Structurementioning

confidence: 99%

Digital Art and the Metaverse: Benefits and Challenges

Hurst,

Spyrou,

Tekinerdogan

et al. 2023

Future Internet

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As a concept that is somewhat under emergence, the notion of the Metaverse varies across different academic articles. Yet there is a shared view on the benefits to its ongoing implementation, particularly for digital art, where the technology can provide a new metric for artists to showcase and sell their artwork to a global audience with minimal barriers, and for consumers to have an unbounded experience not limited by physical space or museum entry fees. In this article, a contribution is provided to a broader conversation about the future of the digital art and the Metaverse and its role in shaping our online culture. We discuss the concept of the Metaverse, its structure, the role of artificial intelligence and the benefits (and limitations) the technology holds for digital art. For a case study, we develop a 3D art gallery housing an art collection generated using artificial-intelligence-based techniques such as diffusion models. A total of 67 individuals are surveyed from three pools (two in-person and one online-based), with questions relating to the future of digital art, the Metaverse and artificial intelligence. Findings include that the majority of participants were familiar with the concept of the Metaverse and overall, they had a predominately optimistic view of both the use artificial intelligence for art, and the use of the Metaverse to support digital art, with 85.3% of the participants having already seen artificial-intelligence-based artwork. The identification of consumer segments further highlights the importance of finding customised solutions, considering consumers’ heterogenous preferences for AI-generated art. Research presented in this article will be beneficial for those looking to explore the Metaverse for artwork and develop virtual galleries, and the findings further highlight the Metaverse as a potential democratising force in the art world.

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The realm of metaverse: A survey

Cited by 26 publications

References 217 publications

Blockchain in Peer-to-Peer Platforms: Enhancing Sustainability and Customer Experience in Tourism

Blockchain in Peer-to-Peer Platforms: Enhancing Sustainability and Customer Experience in Tourism

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

Digital Art and the Metaverse: Benefits and Challenges

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