The metaverse is coming, and it should be open source. The metaverse is a virtual world that will include all kinds of virtual reality (VR) applications. You can think of it as the internet for VR, but with an emphasis on user-generated content that’s augmented by AI and machine learning technologies. It’s still early days, but this future has been imagined by sci-fi writers for decades—we’re finally getting close to seeing what they were talking about come to life.

The metaverse has been talked about for decades, but now it is finally happening. This is a good thing: the world is becoming increasingly decentralized and open-source, and we should embrace that shift by embracing an open-source metaverse. Open source enables greater diversity of ideas, creativity, and innovation because anyone can contribute to it. It also allows interoperability between systems while avoiding vendor lock-in (where you are stuck with whatever your service provider offers).

For example, if someone comes up with a great idea for a new virtual reality game or social network inside the metaverse then others won’t have to wait for permission from some centralized authority before being able to adopt this new technology into their own systems within the metaverse—they can just take it from them directly as long as they give credit where credit is due!

What it could look like in the future

The metaverse as we want it has a decentralized identity layer, but the challenge is that it is still too centralized in terms of the application layer. In order for VR to become truly open-source, there needs to be interoperability between different applications. The way this can be achieved is by creating an open source standard that all developers must comply to when building their applications. This will ensure that your data won’t be trapped within certain platforms.

Decentralized identity is crucial for the future

Decentralized Identifiers (DIDs) are digital entities created to act as the unique identifier for any object or person on a blockchain—something that can be used by anyone, anywhere.

There are several approaches to decentralized identity systems.

• The [Open Identity Ecosystem] (https://www.oidc.org/) is an industry-led open source project whose goal is to create a standard model for making it easier for organizations of all kinds—from small startups to corporations like Microsoft and Facebook—to build applications using interoperable identity services while addressing privacy concerns every step in the process.
  • The Open Identity Ecosystem is made up of two main components: A decentralized, open-source identity data store that can be used by any application and a standard set of protocols for sharing, managing and protecting identity information
    
• Other decentralized identity solutions include the Sovrin Foundation, which operates the Sovrin Network and promotes a model for self-sovereign identity that uses blockchain technology. The Ethereum ecosystem also supports decentralized identity management through its ERC725 standard, a proposal to create a universal identity format based on Ethereum’s ERC20 tokenization standard

More well known standards such as OpenID Connect and OAuth2 were created to support identity solutions for the web.

What is the difference between decentralized and centralized identity solutions?

Decentralized identity solutions are based on blockchain technology. Centralized identity solutions are based on traditional servers and databases. Centralized identity management solutions are typically controlled by a single entity, such as Microsoft, WeChat, LINE, Meta (Facebook) or Google. These companies will typically leverage the data they collect either by reselling it or using it for insights to develop new products and services or monetization via targeted advertising and product placement.

Decentralized identity management solutions, on the other hand, allow individuals to control their own data and decide who has access to it. Decentralized identity solutions are based on the idea of self-sovereign identity, which means that users control their own data. There is no central authority that controls your digital identity and stores it in a database.

Instead, users have full control over their personal information, including how this data is used and shared with third parties. Centralized solutions like Microsoft’s Active Directory rely on a single entity to manage user information for multiple applications. Centralized identity solutions are often associated with large organizations that require access to personal data to provide services. These centralized systems are vulnerable to hacking and fraud, making it difficult for individuals to control their own data. Decentralized identity solutions are self-sovereign, which means that users have control over how and where their personal information is stored. Centralized identity solutions, on the other hand, are controlled by a single entity. The risk of course is that the user in a decentralized system loses control of their data. Decentralized identity solutions can also be vulnerable to hacking and fraud if they are not properly secured.

Regulations and governance of the metaverse

In this increasingly interconnected world, we need interoperable standards that will allow us to unify and work together on common goals. No single entity should control or dictate the development of the metaverse—rather it should be a shared resource among all humanity

The metaverse is much like the internet: an open source, decentralized platform for managing all of our virtual identities and assets. But in order to create a truly interoperable system, it will need to be both open source and secure—with users comfortable using personal data within this environment.

This is why a regulatory body overseeing the metaverse will be necessary to ensure that it scales well, protects privacy and safety, and supports interoperability.

Decentralized identity and interoperability with the metaverse

• Decentralized identity is the use of blockchain technology to manage personal identities and related data.
• The metaverse is a vast virtual universe that allows people to interact, communicate and transact with each other in a variety of ways.
• Interoperability enables users from different systems to communicate with each other seamlessly.
  For example, the fact that various platforms exist doesn’t mean your identity and relevant statistics are stuck on a single platform. These could be easily transferred from one metaverse to another—and other data associated with your decentralized identifier (or “DecID”) is also transferable

Conclusion

The metaverse is coming and it should be open source. The Metaverse of the future has existed in science fiction for decades, but now it’s finally becoming a reality. Decentralizing identity and bringing interoperability between blockchains is key to building an open ecosystem where users can control their own data without relying on centralized third parties like Microsoft, Meta (Facebook) or Google. This will also make it easier for developers to build apps that run across multiple platforms without having to adapt each one individually. It’s important that this future is open, interoperable and decentralized. We need to build the metaverse together. The Metavese project is one of the most exciting and ambitious projects in the emerging tech space today. Decentralizing identity will be a key component in building an open, interoperable metaverse that can’t be censored or controlled by any single entity.