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Cryptoknowmics 2022-04-27 16:00:24

Role of Digital Supply Chain in the Metaverse

The metaverse has emerged as the darling of the digital world since Facebook changed its name to Meta in a public announcement last year. The announcement that Meta Platforms will create an immersive virtual world using the developed technologies drove up public and investor interest The metaverse was in this frame, painted to be the next big thing, revolutionizing how socialization on the internet is done. This digital marvel would also transform commerce, finances, and management by changing how people experience things. While these specifics of the metaverse’s full capabilities remain obscure, the “second wave of the internet’s” potential is boundless. Given that many businesses want to get ahead in this digital world, supply chains have become a key area of focus. Supply chains refer to the systematic activities necessary to convert raw materials to finished goods delivered to consumers. These supply chains affect the majority of the companies as the world becomes even more immersed in the internet. The system also includes service provision at various stages. The adoption of the metaverse alongside blockchain technology is bound to revolutionize the processes of e-commerce. How this happens will be discussed below. A Detailed Look at the Transformation in the Metaverse Creating a digital network centered around the necessary supply chain management processes is a monumental achievement. The involvement of the metaverse is...

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