Book contents
- The Role of Distributed Ledger Technology in Banking
- The Role of Distributed Ledger Technology in Banking
- Copyright page
- Dedication
- Contents
- Figures
- Tables
- Boxes
- Contributors
- Acknowledgements
- Introduction
- Part I Why Pay Attention to Distributed Ledger Technology in Banking?
- Part II Opportunities and Challenges in Crypto-Asset Regulation
- Part III The Power of Distributed Ledgers in Payments
- Part IV Enabling Financial Inclusion and ESG with Distributed Ledger Technology
- Part V A Further Look at DLT in Banking: Lessons Learned, Current Applications, and Future Scenarios
- 12 A Look into the Intermediaries of the Metaverse
- 13 The DLT Landscape in Banking
- Index
- References
12 - A Look into the Intermediaries of the Metaverse
Halfway between the Present and the Future
from Part V - A Further Look at DLT in Banking: Lessons Learned, Current Applications, and Future Scenarios
Published online by Cambridge University Press: 26 October 2023
Book contents
- The Role of Distributed Ledger Technology in Banking
- The Role of Distributed Ledger Technology in Banking
- Copyright page
- Dedication
- Contents
- Figures
- Tables
- Boxes
- Contributors
- Acknowledgements
- Introduction
- Part I Why Pay Attention to Distributed Ledger Technology in Banking?
- Part II Opportunities and Challenges in Crypto-Asset Regulation
- Part III The Power of Distributed Ledgers in Payments
- Part IV Enabling Financial Inclusion and ESG with Distributed Ledger Technology
- Part V A Further Look at DLT in Banking: Lessons Learned, Current Applications, and Future Scenarios
- 12 A Look into the Intermediaries of the Metaverse
- 13 The DLT Landscape in Banking
- Index
- References
Summary
The metaverse is a rapidly evolving concept in the business world, representing an inclusive dimension of innovative elements such as technologies, marketplaces, and social interactions. The financial industry is paying close attention to this concept, since it offers limitless potential for virtual customer interactions. Banks are increasingly utilising technology to offer their services and are therefore interested in exploring the metaverse as a natural evolution of their industry to build closer relationships with their customers. However, the added value for banks needs to be carefully evaluated, and the lack of clear regulation could cause hesitation. Additionally, the metaverse could amplify potential risks of cybercrime in the financial and banking sectors. This chapter explores banks’ approaches to the metaverse as a new way to exploit the potential of distributed ledger technologies and presents a summary framework on the development opportunities (and related hazards), for financial intermediaries.
- Type
- Chapter
- Information
- The Role of Distributed Ledger Technology in BankingFrom Theory to Practice, pp. 269 - 293Publisher: Cambridge University PressPrint publication year: 2023
References
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