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

This Year’s Gallup Poll Findings Suggest 6% of US Investors Own Bitcoin
This Year"s Gallup Poll Findings Suggest 6% of US Investors Own Bitcoin Young U.S. investors are more interested in bitcoin investments than they were three year
Marcel Pechman7 hours agoGermany is dragging Europe’s economy down — and that’s great for cryptoCointelegraph analyst and writer Marcel Pechman explains how a weakening German economy — Europe’s largest — is
Bitcoin bull-bear market cycle signals potential bear market — Analyst
Vince Quill7 hours agoBitcoin bull-bear market cycle signals potential bear market — AnalystBitcoin fell to a low of approximately $49,000 following market turmoil brought on by the Bank of Japan’s rate hike and the
Bank of Uganda Reportedly Commences CBDC Study
Bank of Uganda Reportedly Commences CBDC Study The Bank of Uganda (BOU) has commenced a study that explores the feasibility of issuing a digital currency. However, an executive wit
Ezra Reguerra11 hours agoPoloniex exchange suffers $100M exploit, offers 5% bountyOver $100 million in digital assets were transferred from a wallet belonging to crypto exchange Poloniex in what security firms believe to
Circle shifts legal home to US ahead of IPO
Josh O"Sullivan13 hours agoCircle shifts legal home to US ahead of IPOCircle’s strategic shift away from Ireland could increase compliance costs, but the tradeoff suggests improved investor confidence.963 Total views2
Snoop Dogg Associate Joins Gala Music Board, Death Row Records Steps Closer to Blockchain Commitment
Snoop Dogg Associate Joins Gala Music Board, Death Row Records Steps Closer to Blockchain Commitment After the rap star Snoop Dogg acquired Death Row Records in February, the hip-h
Ana Paula Pereira8 hours agoCrypto Biz: BlockFi emerges from bankruptcy, Worldcoin halts USDC payments and moreThis week’s Crypto Biz looks at BlockFi’s emergence from bankruptcy, BlackRock’s spot Bitcoin ETF devel
Venezuelan Migrants Are Using Bitcoin for Remittances, But There’s a Catch
In 2018, Deimer González packed his college diploma, clothes and a mobile wallet with 1.5 BTC in savings and left Venezuela. What unfolded throughout 2019 offers a microcosm for Venezuelan bitcoin users around the wor
Up to 12 Million Iranians Own Cryptocurrency, Traders Choose Local Exchanges
Up to 12 Million Iranians Own Cryptocurrency, Traders Choose Local Exchanges Cryptocurrencies are a popular investment among Iranians and estimates suggest that the number of those
Crypto Financial Services Firm Blockfi Launches Competitive Bitcoin Trust
Crypto Financial Services Firm Blockfi Launches Competitive Bitcoin Trust The cryptocurrency financial services firm Blockfi has launched a bitcoin-based trust t
Bitgo Launches Storage and Tracking Solution for Bitcoin-Based Ordinal Inscriptions
Bitgo Launches Storage and Tracking Solution for Bitcoin-Based Ordinal Inscriptions On Thursday, digital asset custody provider, Bitgo, announced the launch of its storage and trac