In recent times, the utilization of cryptocurrencies in the Metaverse has garnered increasing attention, with the advent of blockchain technology and the surge in popularity of the Metaverse. This investigation endeavors to ex-amine the implementation of cryptocurrencies in the Metaverse, as well as its influence on the cryptocurrency market and the progression of the Metaverse. This study adopts the method of combining literature review and case analysis, first sorts out the application scenarios of cryptocurrencies in the Metaverse, including transactions, games, virtual assets, etc.; then sum-marizes the application scenarios of cryptocurrencies in the Metaverse through case analysis Advantages and challenges, including decentralization, security, traceability, etc.; Finally, the development trend and prospect of cryptocurrency in the metaverse are discussed, and the impact of this appli-cation on the cryptocurrency market and the development of the metaverse is analyzed. The results of the study show that cryptocurrencies have great application potential in the Metaverse. First of all, the decentralized nature of cryptocurrencies can guarantee the security and traceability of transac-tions and assets in the Metaverse. Secondly, the circulation and use of cryp-tocurrencies can also promote economic development and prosperity in the Metaverse. However, the application of cryptocurrencies in the Metaverse al-so faces many challenges, including transaction speed, user experience, and compliance.
The term Metaverse is emerging as a result of the late push by multinational technology conglomerates and a recent surge of interest in Web 3.0, Blockchain, NFT, and Cryptocurrencies. From a scientific point of view, there is no definite consensus on what the Metaverse will be like. This paper collects, analyzes, and synthesizes scientific definitions and the accompanying major characteristics of the Metaverse using the methodology of a Systematic Literature Review (SLR). Two revised definitions for the Metaverse are presented, both condensing the key attributes, where the first one is rather simplistic holistic describing โa three-dimensional online environment in which users represented by avatars interact with each other in virtual spaces decoupled from the real physical worldโ. In contrast, the second definition is specified in a more detailed manner in the paper and further discussed. These comprehensive definitions offer specialized and general scholars an application within and beyond the scientific context of the system science, information system science, computer science, and business informatics, by also introducing open research challenges. Furthermore, an outlook on the social, economic, and technical implications is given, and the preconditions that are necessary for a successful implementation are discussed.
In 2021, the concept of "meta-universe" has attracted a lot of attention worldwide. This paper discusses the significance of Blockchain-based Non-Fungible Token (NFT) for the development of China's metaverse industry. In addition, in the context of China's unique institutional environment, this chapter compares current Blockchain and NFT-related regulations and explains whether and how these regulations facilitate the development of China's digital economy. Finally, a case study will be conducted and a Citespace analysis will be performed to provide some recommendations. This chapter will highlight the importance of balancing governance and innovation to facilitate the application and value of emerging technologies in the development of China's metaverse ecosystem and Blockchain.
Linking Consumer Innovativeness to the Cryptocurrency Intention: Moderating Effect of the LOHAS (Lifestyle of Health and Sustainability) Lifestyle by Sooyeon Choi1,* , Richard A. Feinberg 2 1 Assistant Professor, Marketing, Loras College, IA, 52001, U.S.2 Emeritus Professor, Consumer Sciences and Retailing, Purdue University, IN, 47907, U.S. * Author to whom correspondence should be addressed. Journal of
Blockchain, which is spotlighted as one of the core technologies in the Web 3.0 era, is being used as a tool for high security and decentralization. In addition, blockchain has been positioned as a core technology for services such as cryptocurrency, NFT, De-Fi, and metaverse, and has already provided high-quality services. In particular, cryptocurrency has shown rapid growth and has been receiving worldwide attention. Cryptocurrency is a web technology and has the property that it can be an investment target, and it is expected to develop further in the future. In this research, we analyzed factors influencing the intention to use cryptocurrency and structural causalities among the factors. We considered personal characteristics, characteristics of cryptocurrency itself, and social characteristic, and a research model has been established for an empirical study. In addition, a multi-group analysis was performed to identify differences between users and non-users. As a result of the analysis, it was found that some of the personal characteristics and cryptocurrency characteristics affect the intention to use. And in the case of non-users, it was found that not only personal and cryptocurrency characteristics, but also social characteristic influence their intention to use. The results of this research are expected to provide implications for cryptocurrency service providers and users, as well as institutions that establish related policies.
Abstract: Objective- To conceptualize a system using a fusion of Blockchain and IoT to keep track of deforestation and related activities and maintain a distributed public ledger of the same. Methods-IoT network detects deforestation or related activities using extrapolation of data generated, and thus updating the Blockchain with the same. It will create a public ledger with all the information related to the region wherein the system is deployed. Concerned authorities would be apprised, and commensurate action would be taken in case some illicit activity is detected by the central node of the IoT module. Novelty-Novelty lies within the program, which would use the data generated by the IoT module, use it to infer the activities, initiate response actions and update the data on the Blockchain.
The metaverse is understood to be an immersive virtual world serving as the locus for all forms of work, education, and entertainment experiences. Depicted in books, movies, and games, the metaverse has the potential not just to supplement real-world experiences but to substantially supplant them. This article explores the rapid emergence and evolution of the Web3 technologies at the heart of the metaverse movement. Web3 itself is a paradigmatic shift in internet commerce. The article begins by exploring the competing economic and philosophical approaches to the future of the internet, which is being driven on one hand by the most successful internet advertising firms (Facebook and Google) as well as their videogame competitors (Roblox, Microsoftโs Minecraft, Epic Games, and Valve) and on the other hand by Web3 advocates focusing on cryptocurrencies, nonfungible tokens, decentralized finance (โDeFiโ) and distributed autonomous organizations (DAOs). Limiting the focus on U.S. law, the article reviews three core areas for the development of the metaverse: the regulatory environment; the transactional essentials; and the limits on governmental intrusion into the metaverse. The review of the regulatory environment includes state and federal gambling laws, money transfer laws, securities laws, and regulation of unfair and deceptive trade practices used to enforce privacy and cybersecurity obligations. The section on transactional essentials focuses on contracts between metaverse enterprises and their customers, antitrust and competition restraints, copyright protections, protections of biometric data and rights of publicity, and protections of customer speech in metaverse environments. Finally, the article addresses the need for the continuing evolution of the Fourth Amendment protection from search and seizures, the third party doctrine limitations on reasonable expectations of privacy, and the statutory protections under the Stored Communications Act. The article highlights that although these doctrinal issues are not new, the scope of the metaverse and its potential social importance will reshape these doctrine in sometimes unpredictable ways. Technologists, practitioners, and regulators must be open to these shifts to appropriately develop the correct mix of user control, industry practice, and regulatory oversight.
We are living in a digital age, and the Pandemic has accelerated innovation in health care and has surfaced new business models and opportunities for health. Beyond the applications in telehealth, supply chain, payments, secure data sharing, and remote monitoring are also essential innovations in Blockchain and Non Fungible Tokens (NFTs) that allow people to exchange value on a decentralized network. Futurists and technologists are also exploring how the Metaverse can play a role in different sectors. This Commentary aims to explore how the Metaverse may be used in the future to change, enhance, and possibly transform health care. The five covered areas are collaborative working, education; clinical care, wellness, and monetization.
Purpose: Purpose-This paper aims to introduce and discuss blockchain technology and its effect on the hospitality and tourism industry as well as a practical point of view to hospitality and tourism businesses. The central interest in this study is to produce a new and rigorous in-depth analysis that will provide the basis for a broad debate and perspective on potential uses of blockchain technology for hospitality and tourism research as well as the industry as a whole. Importance of the research: This study leads to knowledge development in the tourism industry by creating an extensive structure that enhances hospitality and tourism efficiency. The current study thus helps to alleviate tourism & hospitality integrated blockchain technology. Theory: A single technology adoption and use theory (UTAUT 2) is the fundamental theory for this study. Reference was made in this analysis to progress in the growth of the blockchain capability of hospitality and tourism.Methods: The current study focused on a concise methodology and quantitative analysis.QR is the simplest way to accept or deny a theory.Quantitative analysis from all of Malaysia has been obtained through a cross-sectional analysis via the sampling method. Originality: One of the latest researchto boost the efficiency of hospitality and tourism performance by blockchain. This research demonstrates how blockchain (familiarity, concern and error), trust,facilitating condition, consumer intention and blockchain adoption.
Purpose - The purpose of this study is to subdivide trade transaction-centered structure in a logistics/distribution industry system to apply blockchain, to establish and resolve with which types of technology, and to provide policy direction of government institution and technology to apply blockchain in this kind of industry. Research design, data, and methodology - This study was conducted with previous researches centered on cases applied in various industry sectors on the basis of blockchain technology. Results - General fields of blockchain application include digital contents distribution, IoT platform, e-Commerce, real-estate transaction, decentralized app. development(storage), certification service, smart contract, P2P network infrastructure, publication/storage of public documents, smart voting, money exchange, payment/settlement, banking security platform, actual asset storage, stock transaction and crowd funding. Blockchain is being applied in various fields home and abroad and its application cases can be explained in the banking industry, public sector, e-Commerce, medical industry, distribution and supply chain management, copyright protection. As examined in the blockchain application cases, it is expected to establish blockchain that can secure safety through distributed ledger in trade transaction because blockchain is established and applied in various sectors of industries home and abroad. Parties concerned of trade transaction can secure visibility even in interrupted specific section when they provide it as a base for distributed ledger application in trade and establish trade transaction model by applying blockchain. In case of interrupted specific section by using distributed ledger, blockchain model of trade transaction needs to be formed to make it possible for parties concerned involved in trade transaction to secure visibility and real-time tracking. Additionally, management should be possible from the time of contract until payment, freight transfer to buyers through land, air and maritime transportation. Conclusions - In order to boost blockchain-based logistics/distribution industry, the government, institutionally, needs to back up adding legal plan of shipping, logistics and distribution, reviewing standardization of electronic switching system and coming up with blockchain-based industrial road maps. In addition, the government, technologically, has to support R&D for integration with other high technology, standardization of distribution industry's blockchain technology and manpower training to expand technology development.