Technological perspectives of Metaverse for financial service providers
<p>Most banking institutions are inadequately prepared for the ongoing integration of technology, including the digitalization of financial services, the advent of the Metaverse, and the emergence of Web 3.0. While other sectors are making strides in navigating virtual environments, financial...
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2024
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| _version_ | 1864513509789794304 |
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| author | Ahmet Faruk Aysan (11902115) |
| author2 | Giray Gozgor (9119464) Zhamal Nanaeva (17824328) |
| author2_role | author author |
| author_facet | Ahmet Faruk Aysan (11902115) Giray Gozgor (9119464) Zhamal Nanaeva (17824328) |
| author_role | author |
| dc.creator.none.fl_str_mv | Ahmet Faruk Aysan (11902115) Giray Gozgor (9119464) Zhamal Nanaeva (17824328) |
| dc.date.none.fl_str_mv | 2024-03-22T12:00:00Z |
| dc.identifier.none.fl_str_mv | 10.1016/j.techfore.2024.123323 |
| dc.relation.none.fl_str_mv | https://figshare.com/articles/journal_contribution/Technological_perspectives_of_Metaverse_for_financial_service_providers/26421565 |
| dc.rights.none.fl_str_mv | CC BY 4.0 info:eu-repo/semantics/openAccess |
| dc.subject.none.fl_str_mv | Economics Applied economics Information and computing sciences Graphics, augmented reality and games Technological forecasting Metaverse NFT Virtual real estates Cryptocurrencies Digital assets |
| dc.title.none.fl_str_mv | Technological perspectives of Metaverse for financial service providers |
| dc.type.none.fl_str_mv | Text Journal contribution info:eu-repo/semantics/publishedVersion text contribution to journal |
| description | <p>Most banking institutions are inadequately prepared for the ongoing integration of technology, including the digitalization of financial services, the advent of the Metaverse, and the emergence of Web 3.0. While other sectors are making strides in navigating virtual environments, financial institutions appear to be trailing. Concurrently, the nascent ecosystem of the Metaverse presents promising opportunities for businesses and industries, potentially revolutionizing economic models, governance frameworks, and ethical paradigms. This study aims to contribute to the emerging discourse on the provision of financial services within the Metaverse. The paper envisages virtual reality's future financial services landscape using a scenario-based technological foresight approach. This research is the first attempt to map the comprehensive landscape of financial services in the Metaverse, both in the present context and the foreseeable future. The paper delineates the economy of the Metaverse, its key sectors, and its enablers. It overviews the initial experiences with virtual financial services and proposes potential prospects for financial institutions operating within the Metaverse. This study, therefore, serves as a foundational reference for understanding the evolving dynamics of financial services in the virtual realm.</p><h2>Other Information</h2> <p> Published in: Technological Forecasting and Social Change<br> License: <a href="http://creativecommons.org/licenses/by/4.0/" target="_blank">http://creativecommons.org/licenses/by/4.0/</a><br>See article on publisher's website: <a href="https://dx.doi.org/10.1016/j.techfore.2024.123323" target="_blank">https://dx.doi.org/10.1016/j.techfore.2024.123323</a></p> |
| eu_rights_str_mv | openAccess |
| id | Manara2_4fb160831501fd3731dbc0325ee5b6f2 |
| identifier_str_mv | 10.1016/j.techfore.2024.123323 |
| network_acronym_str | Manara2 |
| network_name_str | Manara2 |
| oai_identifier_str | oai:figshare.com:article/26421565 |
| publishDate | 2024 |
| repository.mail.fl_str_mv | |
| repository.name.fl_str_mv | |
| repository_id_str | |
| rights_invalid_str_mv | CC BY 4.0 |
| spelling | Technological perspectives of Metaverse for financial service providersAhmet Faruk Aysan (11902115)Giray Gozgor (9119464)Zhamal Nanaeva (17824328)EconomicsApplied economicsInformation and computing sciencesGraphics, augmented reality and gamesTechnological forecastingMetaverseNFTVirtual real estatesCryptocurrenciesDigital assets<p>Most banking institutions are inadequately prepared for the ongoing integration of technology, including the digitalization of financial services, the advent of the Metaverse, and the emergence of Web 3.0. While other sectors are making strides in navigating virtual environments, financial institutions appear to be trailing. Concurrently, the nascent ecosystem of the Metaverse presents promising opportunities for businesses and industries, potentially revolutionizing economic models, governance frameworks, and ethical paradigms. This study aims to contribute to the emerging discourse on the provision of financial services within the Metaverse. The paper envisages virtual reality's future financial services landscape using a scenario-based technological foresight approach. This research is the first attempt to map the comprehensive landscape of financial services in the Metaverse, both in the present context and the foreseeable future. The paper delineates the economy of the Metaverse, its key sectors, and its enablers. It overviews the initial experiences with virtual financial services and proposes potential prospects for financial institutions operating within the Metaverse. This study, therefore, serves as a foundational reference for understanding the evolving dynamics of financial services in the virtual realm.</p><h2>Other Information</h2> <p> Published in: Technological Forecasting and Social Change<br> License: <a href="http://creativecommons.org/licenses/by/4.0/" target="_blank">http://creativecommons.org/licenses/by/4.0/</a><br>See article on publisher's website: <a href="https://dx.doi.org/10.1016/j.techfore.2024.123323" target="_blank">https://dx.doi.org/10.1016/j.techfore.2024.123323</a></p>2024-03-22T12:00:00ZTextJournal contributioninfo:eu-repo/semantics/publishedVersiontextcontribution to journal10.1016/j.techfore.2024.123323https://figshare.com/articles/journal_contribution/Technological_perspectives_of_Metaverse_for_financial_service_providers/26421565CC BY 4.0info:eu-repo/semantics/openAccessoai:figshare.com:article/264215652024-03-22T12:00:00Z |
| spellingShingle | Technological perspectives of Metaverse for financial service providers Ahmet Faruk Aysan (11902115) Economics Applied economics Information and computing sciences Graphics, augmented reality and games Technological forecasting Metaverse NFT Virtual real estates Cryptocurrencies Digital assets |
| status_str | publishedVersion |
| title | Technological perspectives of Metaverse for financial service providers |
| title_full | Technological perspectives of Metaverse for financial service providers |
| title_fullStr | Technological perspectives of Metaverse for financial service providers |
| title_full_unstemmed | Technological perspectives of Metaverse for financial service providers |
| title_short | Technological perspectives of Metaverse for financial service providers |
| title_sort | Technological perspectives of Metaverse for financial service providers |
| topic | Economics Applied economics Information and computing sciences Graphics, augmented reality and games Technological forecasting Metaverse NFT Virtual real estates Cryptocurrencies Digital assets |