Fun

Deciding who owns your ‘digital twin’ will make or break the metaverse

News Feed - 2024-08-22 04:08:35

Tristan Greene4 hours agoDeciding who owns your ‘digital twin’ will make or break the metaverseResearch indicates a secure, biometrically verified digital twin will need to be developed in order for the metaverse to work.416 Total views33 Total sharesListen to article 0:00NewsOwn this piece of crypto historyCollect this article as NFTCOINTELEGRAPH IN YOUR SOCIAL FEEDFollow ourSubscribe onThe metaverse promised through Big Tech’s hype and centuries of science fiction has yet to materialize. The masses haven’t embraced it, most people still aren’t conducting business meetings there, and there’s nothing out there even remotely close to the Ready Player One experience. A team of scientists in Italy, however, recently published research that could help humanity get there. 


Their paper, titled “Metaverse & Human Digital Twin: Digital Identity, Biometrics, and Privacy in the Future Virtual Worlds,” describes how interoperability and data ownership will become key foundations for a digital analog of the real world.Digital twins


Everything people do on the internet creates a trail of data that, when associated with their identity, paints a surprisingly clear picture of who they are as a person. In the years since the advent of the internet, this data has been used for everything from targeting advertisements to conducting emotional manipulation experiments.


In the metaverse, there are even more opportunities to capture data. Depending on the hardware and sensor capabilities, the data generated by metaverse users can include countless details about what, precisely, they’re spending their attention on and complex representations of their health and physical condition.


In a scenario where, for example, a hospital network has built a virtual world where patients can connect with caregivers to discuss concerns and schedule appointments, having the ability to pull up a patient’s vital signs on the fly via data gathered in the metaverse could be revolutionary.


In order to get the most out of their metaverse experiences, users will need a digital twin that both accurately represents them and ensures the data generated by it is private and secure.


Per the team’s paper:“The boundary between the physical world and the digital one is becoming increasingly blurred. […] Access to the Metaverse should be secured through biometric authentication methods, while decentralized digital identity systems can ensure privacy is respected when exchanging data with service providers.”Digital ownership


Eventually, if the metaverse continues to trend in the direction it is, more governments and large organizations will begin to develop and adopt standards of interoperability — similar to how thousands of third-party websites allow users to sign in with their Google or Meta accounts.


However, this approach also leaves people in the same position with the metaverse as they find themselves in with traditional social media. The data generated by users on social media platforms, including Facebook and TikTok, drives their primary revenue streams. Without people’s data, these companies couldn’t sell advertising space.


When it comes to the traditional internet, for the most part, the platform on which the data is generated has ownership of that data. Laws and regulations may differ by geography, but there’s no decentralized option for collecting all of a user’s data in a single repository where the user has complete access control.


In the metaverse, where this data could be exponentially more useful, the researchers argue that users should have control over their own data. This could potentially lead to a paradigm where metaverse denizens are incentivized to participate in experiences in order to generate data. This data could be held in decentralized storage, accessible only by the user, and parcelled out at the user’s discretion in return for compensation.


Related:Half of the 10 most valuable companies on Earth are making metaverse hardware# Blockchain# Science# Technology# Virtual Reality# Italy# AI# Metaverse# NFT# Augmented Reality# MetaAdd reaction

News Feed

David Attlee57 minutes agoHuobi, KuCoin, over 140 crypto exchanges ‘non-authorized’ — UK regulatorThe FCA’s list of registered crypto asset providers includes 42 entities and hasn’t changed since August.1099 To
Gary Gensler Explains Why SEC Approves a Bitcoin Futures ETF
Gary Gensler Explains Why SEC Approves a Bitcoin Futures ETF SEC Chairman Gary Gensler has shared why the U.S. Securities and Exchange Commission (SEC) decided to approve a bitcoin
Arijit Sarkar1 hour agoAnubisDAO’s rug-pulled 13.5K ETH washes away on Tornado CashAfter almost two years, the stolen 13,556 ETH, worth nearly $60 million at the time, amounted to almost $26.2 million at the time of wr
Square Enix invests in Web3 and NFT gaming platform HyperPlay
Tristan Greene5 hours agoSquare Enix invests in Web3 and NFT gaming platform HyperPlayThe investment comes amid a renewed focus on blockchain and Web3 by Square Enix.638 Total views1 Total sharesListen to article 0:00New
Chinese Authorities Arrest Alleged Masterminds Behind an Online Virtual Currency Pyramid Scheme
Chinese Authorities Arrest Alleged Masterminds Behind an Online Virtual Currency Pyramid Scheme Authorities in China recently announced the arrest of ten suspects they say are behi
India’s Central Bank Digital Currency Should Be Able to Do Anything Cryptocurrency Can Do With No Risk, Official Claims
India"s Central Bank Digital Currency Should Be Able to Do Anything Cryptocurrency Can Do With No Risk, Official Claims An Indian central bank official claims that if there is anyt
$24M CryptoPunk sale shows either ‘NFTs are over’ or ‘this is the bottom’
Ezra Reguerra13 hours ago$24M CryptoPunk sale shows either ‘NFTs are over’ or ‘this is the bottom’SideShift.ai CEO Andreas Brekken believes CryptoPunk #5822 was “most definitely” sold at a loss and that NFTs
Helen Partz9 hours agoBinance limits withdrawals in Europe, cites payment processor issuesIn a since-deleted customer service message, Binance said that the failed withdrawals were caused by temporarily suspended euro tr
David Attlee13 hours agoTurkey plans to craft crypto framework in 2024Crypto asset providers, such as crypto exchanges, will also be given a legal definition.1902 Total views20 Total sharesListen to article 0:00NewsJoin
Biggest Movers: UNI Closes in on 5-Week High, While SOL Also Climbs
Biggest Movers: UNI Closes in on 5-Week High, While SOL Also Climbs Uniswap moved closer to its highest point since late August on Thursday, as the token extended recent gains. Tod
Economists Discuss Russia, China Potentially Developing Gold-Backed Currency That Could Undermine US Dollar
Economists Discuss Russia, China Potentially Developing Gold-Backed Currency That Could Undermine US Dollar Economists have weighed in on reports that China and Russia may be devel
Turner Wright3 hours agoScammers pile on to impersonate Worldcoin on Twitter following token launchTwitter announced its rebrand to “X” on July 24, the same day the Worldcoin token launched and provided an opportunit