The Metaverse has been in the spotlight for the past few months and for good reason. It is an immersive virtual world that allows its users who have the access and ability to use this technology, to create solutions that defy the current use of technologies. Virtual reality (VR) technologies, which currently leverage AI technologies like deep neural networks for precise hand tracking and deep learning for eye tracking, will most likely be used in the metaverse. You must have heard about fashion brands and fast-food chains are already utilizing metaverse technology to make a profit but will it be possible for the government to the part of this new technology? Is running the government in the metaverse will happen?
The Metaverse is the network where Virtual Reality (VR) and Augmented Reality (AR) applications converge. Those who use these technologies can immerse themselves in this virtual world and build on it, so users can interact with, work, do business, learn and enjoy themselves in this environment. However, governments and the legal industry have been very slow in adopting new technologies. For better or worse, it is without a doubt that soon the connected world will be meeting, working, learning, enjoying themselves, and perhaps getting access to public services in the Metaverse.
The Metaverse is a virtual world that is built on blockchain. It uses web 3.0 technologies to provide a secure and private environment for users to interact. It also uses smart contracts to enable transactions between users without the need for intermediaries.
Web 3.0, also known as the decentralized web, is an evolution of the Internet that allows users to interact with each other more securely and privately. It does this by using blockchain technology to create a peer-to-peer network where users can transact without relying on intermediaries. This makes it ideal for developing virtual worlds, as it provides a platform for users to interact without fear of censorship or data theft.
To better understand how Web 3.0 and the Metaverse are structured, it helps to build on what we already use today, which is Web 2.0. This illustration explains well the evolution of the Web over the years.
Indeed, the metaverse is not ready for prime time yet as it will take a few years for it to become a reality. Thousands of people engaging in a shared, simultaneous experience is not possible at present due to technological limitations.
The metaverse will require many new technologies, protocols, enterprises, breakthroughs, and discoveries to function. For instance, several companies are developing hardware for virtual, augmented, and mixed reality. This includes headsets. Much of the computing power needs to be embedded in a frame of glasses to make the technology convenient to use. Computer and networking chips, holographic waveguides, sensors, batteries, and speakers have all to be crammed in a tiny space.
Governments should take the future opportunity represented by the metaverse seriously. The metaverse will present entirely new ways, for example, to create employment, impart education, deliver healthcare, and plan urban spaces. It will be the next major labor organizing platform. New organizations, products, and services will handle everything from payment processing to identity verification, hiring, ad delivery, content generation, and security.
The challenges posed by the metaverse will be equally daunting. Some illustrative questions that will need to be addressed are: How will governments deal with the sale of national monuments using NFTs when both the buyer and the seller are not its nationals? How will intellectual property rights be protected in the metaverse? Such protection could be problematic when those accessing the metaverse can be from anywhere in the world.
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