METAVERSE AND THE IMPACTS ON SUPPLY CHAIN
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Abstract
Metaverse awareness has emerged worldwide recently. Global organizations, both public and private sectors, have begun researching and developing in technologies that will serve as the foundation for Metaverse development in order to utilize the technology for both public and commercial purposes. Metaverse is widely believed that it is the next iteration of the internet due to at least but not limit to two key aspects: the 3D virtual world which enhances immersive experience to users and the deployment of Web 3.0 which grants ownership of data and digital assets to users via decentralization. In addition, integrated cutting-edge technology such as Blockchain, IOT, AI, Digital Twin, 5G, etc. could enable and facilitate activities in Metaverse. In literature, there are many cases of usage and applications of Metaverse in various industries, such as gaming, education, healthcare, retail trade, and tourism. Nonetheless, there are few studies on application of Metaverse in business supply chain. This article reviews and studies Metaverse in concept, foundation technology, key features, and other incorporating technologies which strengthen its efficiency and versatility. Moreover, the applications of Metaverse and the impacts on the holistic supply chain management as well as on each of the supply chain activities, such as procurement, manufacturing, warehouse, transportation, and distribution are discussed.
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