Tag: web3.0

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Web 3.0 Tech Fin Tech

A cashless society powered by blockchain technology

cashless society

Written by : Mosongo Jr on Digilah (Tech Thought Leadership)

Introduction

A cashless society is upon us; the question is simple: when will new technologies transform many industries, and payments are no exception? 

Governments, fintech companies, banks, and merchants are actively looking for ways to improve the payment experience, meet the needs of the unbanked, and curb crime and corruption.

In just a few years, we may see a world without cash. This isn’t some far-fetched idea; countries like Sweden, Finland, and China are already leading the way to a cashless society. And it’s not just small businesses that are making the switch; even major banks like HSBC are getting on board.

So, what does this mean for you? Imagine a world where you can pay for anything with the click of a button. No more waiting in line to buy tickets or groceries. No more fumbling through your pockets for change.

So what are you waiting for? Join the cashless revolution and experience the convenience and security.

You’ve seen the signs. Businesses are refusing to accept cash, your friends are talking about going cashless, and the media is full of stories about the coming cashless revolution.

So, what is the cashless revolution? 

Put simply, it’s a movement towards a society where physical cash and coins are no longer used. Instead, all payments are made through digital means such as virtual currencies like bitcoin, credit cards, debit cards, and mobile payments.

There are a number of reasons for this shift. 

Firstly, businesses see going cashless as a way to reduce costs. Cash handling and security cost money, whereas digital payments are much cheaper and easier to manage.

Secondly, many people are choosing to go cashless in order to avoid the hassle of carrying around coins and notes. 

And thirdly, governments and central banks are increasingly seeing a cashless society as a way to improve financial security and reduce crime.

The impact of the cashless economy on consumers and businesses is twofold. 

Firstly, it is a more convenient and faster way to pay for things. You no longer have to fumble for change or fumble with card machines. Instead, you can just scan your phone or contactless card and be on your way.

Secondly, it is more secure. With card fraud on the rise, businesses are increasingly looking for ways to reduce their liability. By moving to a cashless system, they can reduce the risk of fraud and protect their customers’ data.

There’s no doubt that a cashless society is becoming more and more prevalent, and blockchain is playing a major role in powering this change. 

Let’s explore some of the ways blockchain is being used to make a cashless society a reality. and why it could be the most used cashless payment method in the coming years.

The blockchain system


Blockchain-based payment systems are secure, efficient, and convenient. There is no need for third-party intermediaries such as banks, which means transactions can be completed more quickly and at a lower cost. 

Blockchain has also helped more than 2 billion unbanked people by giving them access to digital financial services from which they are currently excluded. Similarly, look at how mobile phones have transformed communications and financial services.

Blockchain and cryptocurrencies are expected to play a key role in enabling a cashless society. 

While skeptics argue that CBDCs may limit the privacy of our day-to-day transactions, cryptocurrencies offer anonymity and censorship resistance that could help prevent prying eyes from prying into our day-to-day spending habits.

Government agencies can easily add or remove CBDC from user accounts. However, public blockchain payments are immutable, meaning no one can change them or adjust your balance.

Additionally, cryptocurrencies will become a viable alternative to government-issued currencies as cashless societies become a reality across the globe. Crypto assets like bitcoin act as a hedge against currency depreciation, allowing individuals to protect their wealth without relying on central banks or governments.

Another key application of blockchain in a cashless society is in the area of fraud prevention. With traditional payment systems, there is always the risk of fraudulent activities such as identity theft and credit card fraud. 

By using blockchain, businesses can reduce these risks by creating a secure and tamper-proof ledger of all transactions.

Blockchain is playing a major role in powering the emerging cashless revolution. As more and more businesses adopt blockchain-based payment systems and fraud prevention measures, the cashless society will become more and more ubiquitous.


Countries Leading the Cashless Revolution

As the world continues to embrace a cashless future, certain countries are leading the charge by embracing blockchain-based cashless payments. El Salvador took the lead in accepting bitcoin as a legal tender, followed by the Central African Republic, and as of now, the Brazilian government is interested in making bitcoin a legal tender. 

Although Sweden, Finland, and China are at the forefront of the cashless society movement, they aren’t yet using the blockchain to build their cashless payment systems. Most payment systems will move to the blockchain space. 

JPMORGAN CHASE & CO., one of the world’s largest banks, is leading the way. thanks to their generous infrastructure and commitment to innovation.

These developments prove that it’s not only possible but highly likely for our society to become completely cashless in the nearest future, with most payment systems built on the blockchain.

Cultural Barriers to a Cashless World

Despite its numerous advantages, the transition to a cashless society is met with several cultural barriers. It is no secret that some countries may have an inherent distrust of digital payments due to a lack of financial infrastructure or poor monetary policy decisions. 

For example, in some African countries where cash is still used predominantly, people may not trust digital payments and prefer using physical cash instead.

Furthermore, the risks that come with digital payments remain unrecognized by many people, such as fraud and cyber security threats. This lack of understanding of the safety measures also prevents them from transitioning to a cashless society.

Ultimately, for us to move into a future where blockchain is at the forefront of payment technology, it is important to first overcome these cultural barriers by educating people and providing more secure payment systems.

What does the future hold for a cashless society?

As we move deeper into the 21st century, it is clear that the digital age is ushering in a new era of cashless transactions and financial freedom. The advent of blockchain technology is at the forefront of this revolution, allowing individuals to make payments quickly and securely with little risk of fraud or theft. 

Moving to a cashless society has its advantages, from increasing efficiency to being more accessible for those without access to traditional banking services. But it also presents some unique challenges, from potential cybersecurity risks to a lack of privacy for consumers.

Despite these possible drawbacks, experts agree that the advantages outweigh any potential pitfalls. As more countries adopt blockchain-based payment systems and move away from physical cash, we can expect to see increased convenience and security for consumers around the world. With the right infrastructure in place and necessary safeguards taken, the future looks incredibly bright for a cashless society powered by blockchain.

Conclusion

On the path to a cashless society, policymakers need to agree on a framework to drive the process forward. However, access to technology is one of the biggest factors in determining how quickly different parts of the world move away from cash. The transition from cash will only go smoothly if most people are familiar with digital payments. However, this is already a reality in many parts of the world.

Society is going cashless, and cashless transfers will soon become the preferred option over time. There are many benefits to going cashless. Going cashless not only makes life easier but also helps to verify and standardize the transactions that are made.

In a nutshell, a cashless society powered by blockchain technology is possible because of the features of blockchain, such as transparency, security, and immutability.

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Logistic & Travel Tech Web 3.0 Tech

What is virtual reality and why are aged care providers embracing it?

virtual reality

Written by : Colin Pudsey on Digilah (Tech Thought Leadership)

If you’ve been looking around at new ways to support your residents, chances are you’ve heard the words “virtual reality” being offered as a new idea. Maybe you’ve even seen pictures of people wearing headsets and waving their arms about.

But what is virtual reality, or VR, and why is it making such an impact in the aged care space?

Immersive beyond belief

Virtual reality is a simulated environment that looks and feels incredibly realistic. A key tool for using VR, is the headset, which allows you to explore this digital space by looking up, down and all around you. Unlike a computer or tablet which has a fixed field view, virtual reality adapts to your head movements to immerse you in a rich 360-degree, 3D environment.

This means that putting on a virtual reality headset feels like stepping into a completely different world. But the big question is, what can you do in this immersive virtual space?

The impossible becomes possible

Anything you can imagine! For the adrenaline seekers, how about skydiving, swimming with dolphins, or racing in an F1 car? For those looking for a calmer escape, maybe chilling out on the beach, exploring a tropical rainforest, or visiting a museum?

The technology is limitless, and it can even allow us to experience things that are impossible – a trip to mars perhaps? Or walking around the interior of the Titanic? VR can make that happen too.

That all sounds fun, but we’re talking about older adults here. Why would care providers be so keen to take their care recipients out of the four walls of a facility (virtually)?

Virtual experiences with clinical benefits

The answer lies in research, and whilst these experiences are certainly fun for all ages – they’re anything but frivolous. 

Virtual reality experiences have been shown to improve the quality of life in older adults. 

Participants in an American study were “less socially isolated… less likely to show signs of depression” and “feeling better about their overall wellbeing”. Another study from Taiwan revealed that VR “can provide older adults with the confidence to get involved in social activities”.

So, it’s clear that VR can have a range of positive impacts on care recipients. But the most exciting benefits of all, are linked to who we are as individuals.

A personal journey

Imagine being able to visit a childhood home, a church you were married in or a place you went on holidays with your family? For those of us born overseas, what about taking a journey back to experience familiar sights and sounds, and reconnect with your culture? Maybe a faith-based pilgrimage or personal spiritual practice?

VR is at its best when it’s partnered with a deep understanding of the individual and what’s important to them and that’s how innovative care providers are getting the most out of VR.

By building upon their strong connections with the individual, carers can deliver meaningful personalized experiences that leverage the power of VR to connect to identity.

For all walks of life

No matter what stage of life an individual is at, virtual reality may provide engagement, excitement, and an opportunity for connection.

Particularly for those of us supporting a loved one with dementia, as VR has been shown to “positively affect the cognitive and physical functioning of those with mild cognitive impairment or dementia”.

And what could be more important for someone living with dementia, than to reconnect them to their true self, their culture, and their loved ones. Now we’re really pushing the dial with “joy”!

Sometimes what’s important isn’t a clinical benefit…

Going beyond the clinical

What is immediately apparent when you try on a VR headset is that it’s like magic. Whilst there may be benefits in wellbeing and cognitive function, it’s an experience to bring wonder, enjoyment, and positive emotions and this can be supercharged when sharing the same experience in a group VR setting.

Any tool that can help bring significant and measurable joy, happiness, and excitement to the life of care recipients is one that’s worth exploring.

Ultimately, that might be the driving factor in the growing use of VR in the aged care space, a growth that’s led by innovative companies.

Changing Lives through Virtual Reality

Melbourne based virtual reality startup, SilVR Adventures, has been taking care of recipients on shared virtual reality experiences since 2019. 

Providing a turnkey VR solution to care providers across Australia and New Zealand, they enable care team members to take people with a variety of needs on immersive, group VR experiences.

Our content focuses on storytelling, emotional journeys and reminiscence therapy. We want to build engaging and inspiring experiences for older adults, no matter what stage of life they’re at.

With the largest library of world tours, spiritual journeys, and bucket list events, we’re experimenting with new ways to engage care recipients. But the real magic happens when the headset comes off.

Creating meaningful connections

The most powerful moments in working with VR are the social connections it stimulates.

“We’ve found that the winning formula is taking people on adventures together. They’ll have an amazing time travelling the world or experiencing something brand new, then the headsets come off and they’re chatting about where they went, where they want to go to next and sharing memories and stories from the past. It’s incredible to watch!”

And it’s clear that aged care providers agree too, with some around Australia establishing weekly ‘Travel Clubs’ to build camaraderie and friendship through shared experience across multiple sites.

We’re super excited to be able to connect up to 40 participants around the world in a shared virtual reality experience, then have them meet in a digital space afterwards like our virtual café and chat about it.

The ability to link people couldn’t have come at a better time with restrictions and lockdowns significantly increasing feelings of isolation, loneliness, and depression among our elders.

The future of the technology

Virtual reality has made great strides in the past few years, but it still has an exciting journey ahead. With companies like Facebook and Google making big investments in the space, it’s clear that the technology will continue to grow and develop.

There’s room to grow in the personal care space too, with VR companies pivoting away from residential facilities and beginning to offer services to be used in home care too.

“So far there’s nothing on offer for people in the home, that’s why SilVR Adventures is thrilled to be launching our home care solution in 2021. We’ll be able to support older adults aging in place with enhanced connections and deliver meaningful virtual adventures, in their own home – and that’s something to get excited about.

A rich and incredible virtual world

As we head towards 2023, there is still a lot of uncertainty, but whatever happens it’s clear that we need to find new ways to stay connected and engaged, and that couldn’t be truer for those of us receiving care.

Leading aged care providers around Australia are increasingly turning to the immersive power of VR as a potential tool for reducing isolation, improving wellbeing, and strengthening connections. 

Very soon personal carers in the home will be taking this technology for a spin too.

Watch a video to see how our seniors are enjoying themselves with the new found Virtual reality – https://www.youtube.com/watch?v=XYDr9PAQLMw

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Web 3.0 Tech

INTRODUCTION TO BLOCKCHAIN AND METAVERSE

blockchain

Written by : joel nzoda on Digilah (Tech Thought Leadership)

GOALS

    • Define blockchain
    • Characterize a blockchain
    • Usefulness of blockchains
    • Web 3.0 and the Metaverse
    • NFT or non-fungible tokens and their usefulness

BLOCKCHAIN 

Developed from 2008, blockchain is, first and foremost, a technology for storing and transmitting information. This technology offers high standards of transparency and security because it works without a central control body. More concretely, the blockchain allows its networked users to share data without an intermediary.

Source : https://www.jlconsulting.fr/media/BS_20190614_BlockChain.png

CHARACTERIZE A BLOCKCHAIN

In practice, a blockchain is a database that contains the history of all exchanges made between its users since its creation. Its main characteristics are:

    • The identification of each part is carried out by a cryptographic process

    • The transaction is sent to a network (or storage “node”) of computers located around the world.

    • Each “node” hosts a copy of the database in which the history of the transactions carried out is recorded. All stakeholders can access it simultaneously

    • The security system is based on a consensus mechanism of all the “nodes” each time information is added. Data is encrypted and authenticated by “data centers” or “miners”. The transaction thus validated is added to the database in the form of a block of encrypted data (this is the “block” in blockchain)

    • Decentralized security management prevents transaction tampering. Each new block added to the blockchain is linked to the previous one and a copy is transmitted to all the “nodes” of the network. The integration is chronological, indelible, and tamper-proof.

Source : https://www.economie.gouv.fr/files/files/2019/infog-block-chain.jpg

USEFULNESS OF BLOCKCHAINS

The blockchain represents a major innovation that is used in particular in the banking sector. Indeed, historically, blockchain technology was developed to support transactions carried out via cryptocurrencies/crypto-assets (including bitcoins which are the most well-known form) and which have the main characteristic of not depending on an organization centralizer (like a central bank) and to be international.

But its use is not limited to cryptocurrencies. Many fields and sectors of activity, commercial or non-commercial, public or private, already use the blockchain or plan to do so in the years to come. The uses of blockchains and other technologies include:

    • In the banking sector, technology opens up the possibility of validating transactions without the intermediary of a clearing house, which should make it possible to certify transactions in much shorter timeframes. The blockchain can also promote the sharing of information between competing players in a financial centre while respecting the secrecy of their commercial data and, in doing so, facilitate the management of common structures or instruments by reducing contact costs and administration fees.

    • In the insurance sector, the contribution of the blockchain is due, for example, to the automation of reimbursement procedures and the alleviation of certain formalities at the expense of companies and their customers, provided that the assumptions and conditions of compensation and damage are clearly established.

    • In the logistics sector, the blockchain has two interests:

    • ensure product traceability, as well as the memory of the various interventions on a production and distribution chain.

    • reduce formalities and create the conditions for cooperation between actors in a sector, particularly in terms of information exchange. This use could also find an application in the agri-food sector for food traceability, particularly interesting in the event of a health crisis.

    • In the energy sector, by authorizing the exchange of services and values outside a central management body, the blockchain potentially creates the conditions for implementation on a more or less large scale depending on the technical capacities of local networks. production, exchange and resale of energy to balance supply and demand at all times, which is a major constraint for electricity networks in particular.

But many sectors are potentially affected by the use of blockchain technology: health, real estate, luxury, aeronautics, etc.

Using blockchain has many benefits, including:

    • The speed of transactions thanks to the fact that the validation of a block takes only a few seconds to a few minutes.
    • Security of the system, which is ensured by the fact that the validation is carried out by a set of different users, who do not know each other. This protects against the risk of malicious intent or hijacking, since the nodes monitor the system and check each other
    • The productivity and efficiency gains generated by the fact that the blockchain entrusts the organization of exchanges to a computer protocol. This mechanically reduces the transaction or centralization costs existing in traditional systems (financial costs, control or certification, use of intermediaries who are remunerated for their service; automation of certain services, etc.).

WEB 3.0 AND THE METAVERSE

As conversations began to shift from Bitcoin (BTC) to other larger crypto projects such as Ethereum network upgrades and central bank digital currencies, or CBDCs, media coverage would suggest that widespread adoption of crypto is already well advanced. But it is clear that the majority of people do not know what it is.

The Metaverse (in English) or Métavers (in French) is a generic term for technologies that make it possible to create an entire (virtual) digital universe like our real universe. This universe can be extremely detailed and include a wide variety of different worlds, often also called virtual environments. People can join this Metaverse using different technologies and interact with each other. However, instead of being present in person, the user creates an avatar which is their representation in the Metaverse.

Source : https://i0.wp.com/stylistme.com/wp-content/uploads/2022/02/Metaverse-guide-tuto.png?w=1280 HYPERLINK “https://i0.wp.com/stylistme.com/wp-content/uploads/2022/02/Metaverse-guide-tuto.png?w=1280&ssl=1″& HYPERLINK “https://i0.wp.com/stylistme.com/wp-content/uploads/2022/02/Metaverse-guide-tuto.png?w=1280&ssl=1″ssl=1

However, the Metaverse doesn’t just want to be a massively multiplayer open-world gaming platform (RPG MMO). It is already beginning to be a virtual space where people work, earn money (by spending it), meet people, and invest in real estate. In short, where you can live another life.

Technologies like Augmented Reality (AR) and Virtual Reality (VR) are important levers for the Metaverse, as they will help create an incredible sense of immersion in another’s skin and in another universe. However, there is one project that may well facilitate mainstream adoption of crypto: Web3.

To better understand the evolution of these two technologies, an illustration between Web2 and Web3 as support for the Metaverse.

Source: https://i0.wp.com/stylistme.com/wp-content/uploads/2022/02/Web-3.0-evolution-Internet.jpg?w=1024 HYPERLINK “https://i0.wp.com/stylistme.com/wp-content/uploads/2022/02/Web-3.0-evolution-Internet.jpg?w=1024&ssl=1″& HYPERLINK “https://i0.wp.com/stylistme.com/wp-content/uploads/2022/02/Web-3.0-evolution-Internet.jpg?w=1024&ssl=1″ssl=1

NFTs (NON FUNGIBLE TOKENS ) AND THEIR USES 

NFT are the three initials of Non-Fungible Token, which translates to non-fungible token. That doesn’t necessarily make things any clearer. Therefore we must detail the notion of “non-fungible”.

For example, bitcoins or €100 bills are fungible. Even though each note is unique, it will have exactly the same value as another €100 note. The first mined bitcoin, no matter what platform it is on or who owns it, is the same value as a recently mined bitcoin stored in another wallet.

Conversely, works of art or concert tickets are non-fungible. Something that is not fungible cannot be replaced or divided. It’s unique. They are objects of the same nature, but which have their own characteristics and their own usefulness.

We talk about “tokens” when they are digital units, which are exchanged with blockchain technology: 3D visuals, objects in a video game, or even a piece of land in a fictional universe.

The NFT can therefore be defined as follows: it is the digital title of ownership of a non-fungible token. NFTs can be classified into different categories according to their nature and usefulness:

    • collectibles: a collection of digital objects, or a work of art for example.
    • metaverses: virtual worlds.
    • online gaming tokens.
    • utilities: they provide a service to their owner.

Some NTFs may belong to more than one category. They are traded on online marketplaces dedicated to NFTs, connected to the blockchain.

                                                                                                           The value criteria of an NFT: This young technology has a future ahead of it, but it could lead to some abuses. Many investors seek to speculate on this trend which, although it is a resounding success, is still very volatile and full of scams. The vast majority of sold works and NFT projects will never have value, simply because no one wants them.

Some NFTs have artistic value: They are works valued independently of the fact that they are digital, in the same way as a painting in a museum. The blockchain does not have a preponderant role in the evaluation of their price, it is simply the art market. Overall, price is defined by what an artist’s fan is willing to invest.

The value of an NFT can also depend on its usefulness: Becoming a member of a club, meeting other holders or the artist himself, being more powerful in a video game, acquiring and showing a certain social status, etc. .

BIBLIOGRAPHY

My name is Joel Nzoda Consultant in Digital Marketing, Junior Blockchain Developer, Junior cyber Security Consultant and Expert in blockchain technologies. I hope I have been able to bring value to each other, I remain attentive. Discover my activities on social networks.

Twitter: https://twitter.com/boschdigital I Linkedin: https://linkedin.com/in/nzodax

Instagram: https://instagram.com/nzodax I Facebook: https://facebook.com/nzodax

Medium: https://medium.com/agencedigitalenzodax I Tiktok: https://tiktok.com/nzodax

Tumbr: https://tumbr.com/superexpertdigital I Email joelnzoda@gamail.com I Whatsapp: +237693241257

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Wellness/Beauty Tech Web 3.0 Tech

Aromatically Yours!

Aromatically Yours!

Written by Candice Midde on Digilah (Tech Thought Leadership)

Aromas can play a significant role in our daily lives and the virtual world is highly influencing us more to take the leap of faith and create magic with our senses.

We were taught about the five senses in our childhood and the sense of ‘smell’ is the one of those that triggers our subconscious memory and it’s intuitive to the events around us. This goes back to the classic Annie’s song, “You fill up my senses like a night in the forest…” and so on, John Denver describes the scent of his woman. Smell is a chemical language that is most of the time taken for granted. It is so natural to us and reminds us of memories, that we do not have to put in a lot of thought and effort. However, the pandemic has changed our lifestyles a lot.

Senses that travel

While digitization has taken place and our screen time has increased enormously, all the other senses are very much active and put into conscious use. Smell is critical and how one link to the digital world is challenging. In the past, a lot of experimentation has been done capturing scents from nature and mimicking them in the lab to re-create the same magic as one would experience. From the smell of coffee in coffee bars to the aroma of popcorn in movie theaters. Virtual electronic noses were invented to analytically deep dive into fragrance specifications to be ahead of competition.

Captivating 

“Odors have a power of persuasion stronger than that of words, appearances, emotions, or will.” quoted Patrick Suskind in his 1985 novel, Perfume: The Story of a Murderer. Tricks of the trade have been creating this fantasy of smells not so familiar, packaging them with colors, concepts, ingredient stories, enhanced mood music playlists have persuaded us to stay at stores for longer, shop more and control our thoughts through neuroscience technology.

Driven to act

Smell can help us make choices and decisions to try and buy products. Many perfume, cosmetic and beverage companies are engaging consumers through social media with their fragrance and flavor wheels to opt for their preferences on how the product would smell or smell and taste like. Visuals play a key role in helping consumers pick their brand. It is all about the perception created of what we are exposed to: What you see, is what you believe!

Borrowing neighbors

These days edible fruity flavors are found in lip care, beverages are inspired by lavender flowers, candles come in aromas of bacon and thus, cross category fertilization is a trend that is picking up. And the involvement of Millennial and Gen-Zs has been tremendous returning to nostalgic memories when it comes to aromas. 

The DIY (Do-It-Yourself) techniques going viral on Instagram and Tik–Tok during lockdowns have boosted the rise of influencers and bloggers that review products and spread the word. Today it is not the celebrity endorsement that works but ordinary users that leave more credibility especially the usage ideas of innovative formats that are popular on YouTube.

More is yet to come!

This is just the beginning, and the world is yet to witness a huge revolution of metaverse calling. Chatting with virtual bots and artificial intelligence devices, virtual gaming and role-playing avatars are no less than an alien arriving on our planet and creating a ‘world within a world.’

Every conversation and movement are captured to extract data, thereby closely monitoring day-to-day activities, from our actions to what is going on in our minds. There are pros and cons to every sci-fi made real, but eventually using these to the best of our advantage is co-creating a world of instant, faster and agile consumerism. The question is are we ready to trust this new world? 

Aromatically Yours!

Candice Midde

Aromas & Sensory Expert working in an MNC

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Web 3.0 Tech

Metaverse “The Dream Catcher”

Written by Anuradha Lal on Digilah (Tech Thought Leadership)

Can the meta verse catch our imagination and make it so immersive as a real dream?

I am not a psychologist or a physicist….

Everyone is talking about “The METAVERSE”. Is this really a new concept?

…..I am not a psychologist or a physicist (thank God for that! my brain would explode with the heavy formulas!), though I wish I was one! to be able to connect the emerging new reality of the metaverse to both these fundamental sciences of psychology and quantum physics. However, I will be the end user of the metaverse and I understand a decent amount of technology that goes into creating this new universe called metaverse.

Here is how I understand the need of having a metaverse and envision a future with the metaverse impacting the 7 Bn humans on this planet.

The human mind always wanders to things beyond their physical location and space. So, we have dreams. Nature supported this concept as homo sapiens evolved. Imagination in our sub conscious mind or our wakeful state is what makes us humans different from other species.

We have always tried to capture this need of imagination and transporting ourselves into another world.

The 2 basic needs of the human mind being:

  • To conquer time
  • To transport ourselves into another time and location = gather experiences

So how I see the meta verse is an evolution of the human imagination with the innovation of 3D, 4D, 4D…. technology. Some call it Web 3.0

The first new verse had started with a camera and a picture taken when we wanted to capture time. But then as the then technology evolved to video cameras, we created 2 hours of immersing ourselves, our emotions in another world which led to the making of films.

Of course, films were not customised to each one of us. Yes, the gaming industry evolved to more customised simulations for example war games, which should have led to less wars!, as more boys and men imagined and satiated their imagination of shooting others and planes!! But this unfortunately could not stop wars even in the 21st century. However a teenage boy with no legs can play an immersive football game and score goals and feel the rush of adrenaline through him and make him a winner!

So now with the metaverse every individual can realise their own head space. The question is “Can we still beat nature’s 30 sec film called “DREAM”?” Maybe.

The meta verse is just the start, where we want to imagine not only while sleeping but also when awake!

The Metaverse consists of a 3D virtual world where users interact with various spaces and virtual reality components using digital avatars. We all know large IT companies, such as Facebook and Microsoft are busy exploiting its potential. We will soon see notions of 3D virtual reality in metaverse projects embodied in a range of spheres — from a virtual land market to an office space. Some of the short term use cases of this are gaming, remote work environment in virtual spaces, tourism, education, fashion, medicine, shopping, real estate etc.

The marketers are the first customers of this extended reality. There are big brands, big social media platforms who want to own this imagination of the human mind and sell more, easily giving their customers a real experience of what their products, services look like. Tickling the human imagination with more customised rooms, products, and services.

Yes, Metaverse has made it to the top contenders of the most trending key words of 2021. Metaverse is here to offer a parallel virtual universe to all of us. The Metaverse opens a whole new world of economic prospects, from virtual music events to NFT-based products, to name a few. 

So, will “METAVERSE” just stop with being another commercial success for big brands and companies or will we be able to really change human lives with this immersive and imaginative technology.

Before I start dreaming future use cases of this new reality, a question that comes to my mind is how will the metaverse look in a non IOT world. Can it function in a non IOT world bringing back the 2 fundamental sciences of psychology and quantum physics together? along with our human desire to conquer time and transport ourselves into a different or unknown arena.

Will we be able to capture the Theory of quantum physics in which an infinite number of ever-growing alternate realities are created by our choices. In any alternate reality any choice that is made creates universes where each choice is explored.

Will we be able to catch “THE DREAM” as best as nature has been doing it for us? in 30 sec sleep mode, without the help of IOT!

Here I want to explore a life changing use case of the meta verse which can change the world 100 years from now. Will the Metaverse help me be in 2 places at the same time? Can I experience an alternate life experience? Can the meta verse quench my thirst sitting in a desert without having water around me?

The Big Tech billionaires are all headed to search another verse, away from our current universe – called Earth. This new verse can be exploring another universe or another planet, or creating an imaginary verse where all our dreams, needs, desires, and wants are fulfilled at the click of a button or a count down as the space shuttle takes off!

The future of this new verse whether “meta” or “mars” is linked to our need to transport ourselves to different experiences and the need is indeed important as our life span has increased over the last century. On average we accomplish our physical responsibity of pro creation, wealth creation, productivity by age 50 and then are living upto 100 and imagining immortality! So, what do we do with our imagination from 50 to infinite life expectancy.. Let it rust!

We need to create experiences to truly enjoy life.

As I envision the new verses, meta or mars will in the future have new experiences circulate within the 7 Bn people with science and technology providing them not only imaginary but real experiences like quenching thirst sitting in a desert to the need for humans to not be born again and again to experience different life situations. It will create the power to have the same 7 Bn experience different combinations of life in the real verse and the meta verse. Guess the need to explore space may cease then!

This exploration of the new verse and the future reality comes with a great amount of responsibility on our current generation and the big tech giants. The creation of a virtual universe can pose several challenges in the coming 50 years. The metaverse will still not be a replacement for the real world but it should represent an improvement on it in every possible way. Even looking at our 30 sec dreams, the psychologists are still deciphering them. So, as we create the new universes there will be many unanswered questions passed on to the next generation. These unanswered gaps towards creating a perfect new verse must be passed on carefully, articulately, and responsibly to the future generation to not only catch but to CONTROL THE DREAM.