How well will Blockchain and Virtual Reality work together?

Even when the pandemic ends, don’t be surprised to find out that people still prefer to work on their own with their pet and favourite coffee mug. It can be considered as the greatest social experiment in our age of information where we can certainly conclude that the workers have not lost their productivity while working from home. This has transpired into a scenario whereby giant companies are allowing almost all of their non- essential working employees to keep working from home.

The bounding chains of lockdown have not only affected people’s lives physically but also emotionally. However, thanks to technology the world has not and not will be restrained from meeting people and exploring the globe. In this case, Virtual Reality has turned out to be a true hero which has allowed people to access the world from the chair in their homes.

Talking further about the same subject we must highlight the contribution of Blockchain given here. We sure have not forgotten the setback it faced in 2018 but the elevation since then has been worth noticing. Scholars are researchers who have been keeping an eye on the same matter ever since and have concluded how well Blockchain and Virtual Reality work together.

The following advantages explain why:

  1. When it comes about implementing a world full of virtual reality components, there is no other platform that could work better than Blockchain. The major highlight that Blockchain wins an edge with is that the user doesn’t have to depend on the platform developer. Adding on more to the list of advantages, we must mention the facility that Blockchain provides the decentralization of data to propagate the data exchange with the virtual world while also make sure that the data is in safe hands.
  2. While users take assistance of blockchain, they ensure themselves with all the aspects of security. In cases when someone tries to steal someone else’s creative work, Blockchain makes sure that it gets recorded. One can say that Blockchain provides a huge help in saving the credits of creative works.
  3. The significant profits that cryptocurrency is currently making can not go unnoticeable. Tech giants and other companies too have fathomed the advantage that Blockchain provides them with in the business ecosystem. Now that we are well aware with the advantages of Blockchain and Virtual Reality we can also take a look at real world examples that prove how VR and Blockchain thrive together.

1. Decentraland

Decentraland is the born result of amalgamation of VR with Blockchain. Decentraland is a virtual world platform that allows people to process cryptocurrency transactions in order to buy land and then go with the construction as per their own innovative imagination and creativity. This virtual world also gives the users the assistance to create their very own neighbourhood and then place it with their own virtual objects. The major highlight of Decentraland is that it allows users to create imaginations into reality by turning their virtual world into an architectural wonder and then create loads of profit from it. Decentraland users also have the options to host social parties by inviting people over and having a gala time. The steal the deal significance of this platform is that users do not have to deal with brokers to buy land. Yes that is right, Decetraland users get 100% of the compensation they win.

2. Cappasity

Cappasity has emerged as a platform which allows people to buy, sell, or even rent VR content with assistance of Web Application. It comes integrated with a Blockchain interface that makes sure that copyright and creativity of the content are always safe. It has proven out to be a major help for content creators and developers to showcase their works and talents on other mobile applications to create an audience or a market.

The Cappasity platform comes with following elements:

  • Decentralised copyrights storage
  • CAPP wallet
  • Internal exchange
  • Free utilities
  • API solutions for third party developers

The world is getting computerized at a high speed and organizations that neglect to adjust will fall behind. Specialists propose that clients are requesting innovations that make the online experience sensible. Cappasity gives a dependable biological system fueled by Blockchain and VR that are initiating this unrest.

3. CEEK

CEEK is at the cutting edge of utilizing a blend of Blockchain and Virtual Reality to permit individuals to take part in live occasions. Vocalists can arrange VR shows where a huge number of individuals can join from anyplace on the planet without actually going to them. It likewise takes out the necessity of an incorporated tagging framework. All things being equal, members can unreservedly pay utilizing the virtual world’s cryptographic money with no outsider’s mediation. Also, Blockchain keeps a record that stores every one of the exchanges that have happened previously. Consequently, it’s not possible for anyone to mess with the chain, and the records are protected, clean and also secure.

Author Bio

Mr. Anup Kumar is the Co-Founder of TechGropse Pvt Ltd. He has long-term experience in the Software Industry and holds his expertise in many different technologies. Also, Mr. Anup has authored many blogs on different topics of the industry such as flutter, Wearable app development, Android application development company, blockchain, mobile game, etc.