Virtual reality media platform, Sensorium, has announced its membership in the Global Blockchain Business Council (GBBC), a non-profit industry association for blockchain.
Sensorium will participate in GBBC’s upcoming virtual forum on May 28. The firm’s director of technology Alex Blagirev will discuss his predictions for how virtual social media will change the way that people interact online.
In order to maximize the benefits of blockchain for Sensorium Galaxy, we are partnering with the Global Blockchain Business Council. Check out more details about this partnership on our website https://t.co/XmNQCexRwE! #Sensorium #blockchain @GBBCouncil pic.twitter.com/df9Jr9P1hD — Sensorium Galaxy (@SensoriumGalaxy) May 18, 2020
A GBBC representative stated that the convergence of VR and social media is already beginning to gain momentum, noting that platforms such as Facebook “are providing users with new ways to share and experience content.”
The representative added:
“Within this context, blockchain technology will likely play an important role in the creation of digital assets and an online virtual economy..Furthermore, blockchain technology could be used to protect ownership and copyright, as well as create new models of advertising in virtual worlds, much as it is already doing in the real world.”
Sensorium’s CCO, Brian Kean, emphasized the security benefits offered by DLT, while stating:
Identity theft, fake accounts, etc. all will be to a large extent eliminated as human participants in the socially-virtual world will be required to verify their identity via the blockchain.
Kean also revealed that blockchain will also be used to “facilitate payment for created, third-party content.”
The convergence of #VirtualReality and #SocialMedia is happening. Join the GBBC Virtual Members Forum with @SensoriumGalaxy to learn more about the future of virtual reality and the role of blockchain in the future of this burgeoning industry. https://t.co/lalznc99RK — GBBC (@GBBCouncil) May 25, 2020
As a GBBC member, Sensorium will participate in a range of GBBC activities aimed at “advancing adoption of blockchain technology and educating regulators, policymakers, and business leaders on the benefits of the technology.”
The two entities first began formally working together at the GBBC’s flagship event, Blockchain Central Davos, where Sensorium participated.
The GBBC spokesperson added:
“We closed out the evening with a special demo of Sensorium’s VR platform and a performance by GBBC Arts and Music Ambassador and Former Drummer for Guns N’ Roses, Matt Sorum.”
Source: Cointelegraph | Image: Pexels