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Uses of Blockchain in Virtual Realty

Although Blockchain and VR are seemingly disparate technologies, with different temporal outlooks, these two have a lot in common when it comes to potentially solving business pain points. Check out some of the useful and unique uses of blockchain in VR.

Virtual reality (VR) and blockchain have one thing in common; the general public has not understood them well. However, blockchain can complement VR in many ways. VR is primarily used in the creation of digital worlds in real environments such as organizational training, gaming, security to mention just but a few. Blockchain, on the other hand, provides transmission of information instantly due to its decentralized nature. The instant transmission of information is very cruel in VR. For instance, the storage of information in VR in centralized units can go a long way in reducing its viability and growth.

Also, blockchain gives the platform for tracking voice and body communication in a virtual environment. When such kind of information is stored in blockchain’s distributed sheets, the users within the network can be able to control their data. This will lead to an increase in data security and privacy. When data is secure, it prevents the infringement of information copyright.

Currently, there are several companies that are using blockchain in virtual reality. Some of the useful and unique uses of blockchain in VR are discussed below.

Blockchain 3D Explorer

This is one of the most unique and innovative ideas that helps people to see how blockchain works in the real time through a virtual environment. According to Joe Liebkind, writing for Investopedia, “The simple 3D rendering of the decentralized ledger is a thing to behold and helps put in perspective how the network is organized. One can even pinpoint exact transactions on the network and watch as they move from node to node…. Blockchain 3D Explorer is an excellent tool for teaching blockchain to the uninitiated, made even better because it’s provided for free on the various platforms that support it, including Windows, Linux, and MacOS.”

Vibe

The Vibe is using blockchain in conjunction with VR to build a virtual space where different activities can be held. Some of the activities that will be held on vibe virtual space include business meetings, entertainment, and sports to mention just but a few. The virtual space of Vibe will form a vibehub where all vibe users will conduct their meetings.

According to Jorn van Zwanenburg, a blockchain blogger, “One of the most outstanding VR experiences Vibe will provide are photo-realistic holograms of artists, educators, and public figures. These holograms will be fully observable in the virtual realm and made possible by Volumetric video technology, developed in-house. This allows VR users to observe a realistic representation of any person they’re willing to see, and with this Vibe could be the first of its kind. Social interactions will also be made possible with the use of this technology, which means that Vibehub users will be able to interact with each other’s holograms on the basis of their mutual interests.”

Video on Volumetric video technology

Decentraland

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Decentraland is creating a virtual space where you can use the virtual headset to see a virtual world. The building of this space is done by the users of the decentraland platform. Decentraland is based on smart contacts of ethereum blockchain. It gives its users a 3D space where the user can build anything they want. The VR content is given to each space via a reference point.

The digital currency used in this space is known as MANA. A user can explore and content that is hosted in Decentraland such as open a shop, go to a casino, visit a resort, live music performance, go shopping with friends to mention just but a few. Besides that, a user can as well create his own content and start selling with the allowed currency.

Any user who would like to join the space will have to buy an empty land space and develop it according to his wish. Decentraland is ideal for gamers, artists, students, and any other 3D enthusiast.

Mark.Space

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Mark.Space is a platform that is based on blockchain and it is mainly used for creating and launching VR/AR and 3D objects and spaces. One cannot be able to create a 3D space without the blockchain and VR coding. The platform is primarily meant to help support VR headsets and internet browsers to play any content on the browser without downloading or installing them.

The virtual currency used here is MARK (MRK). With this currency, the users can either buy or sale content within the space. The Mark.Space uses the PoW concept in its operation. This is one of the uses of blockchain in the VR where the user can earn money for using it.

CEEK

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CEEK is a social virtual reality project that is based on blockchain. Some of the social activities that are done here with the 3D experience include live concerts, sports, classroom, and charities among others. A user can enjoy all these activities on a VR headset.

Besides the social activities, it also offers the P2P networking and social experiences. The users of this platform use tokens – the Celebrity Coin Cast to pay for the services they get. The coins used here are ERC20 compliant hence they can gain value in the CEEK platform.

CEEK has a VR world known as CEEK CITY. Some of the features that are found in the CEEK CITY include arenas, theatre, sports stadium to mention just but a few.

Research Projects

Blockchain can be used in open-source projects, user-generated content among other VR projects. The incorporation of blockchain in these projects will allow its users to work together on different projects in a virtual world, while everything is stored on the blockchain and any update will be made known to all users.

With a virtual environment, researchers from different parts of the world can do their work and their data will be secure. VR will allow researchers to store their vital information in a virtual world. Blockchain will play a significant role in storing the information safely and no one will be able to tamper with it.

In conclusion, blockchain and VR combinations are highly promising in promoting VR productions. The VR productions should incorporate blockchain technology in all their projects. To say but the least, “The idea of decentralized virtual worlds, open-source scientific research in 3D environments and copyright-protected entertainment with profits going directly to its creators are intriguing.”

Today, there are few companies that are using blockchain in VR development. But, there are endless applications of blockchain in the VR technology. In the near future, we look forward to more applications of blockchain in the VR developments.

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