Bharatmeta: Taking India Forward as the Leading Force in the Area of Metaverse
Probing Reality of Metaverse:
The dystopic novel ‘Snow Crash’ by Neal Stephenson has been mentioned as the source of the term ‘metaverse’. The metaverse, however, is not at all science fiction. In fact, at its core, the metaverse is an evolution of our current Internet. However, the audience is still more sceptical and perceives the metaverse as the hype-fuelled fad and passing trend that appeals only to gamers and celebrities. People are unaware of the potential growth and impact of the metaverse on human lives.
It’s misconstrued that the metaverse must run on virtual reality devices only. Metaverse is also erroneously assumed to be synonymous with Web 3, whereas as we transition from Web 2 to Web 3, it can also be used in hybrid environments.
In a nutshell, the metaverse is shrouded in scepticism and mystery. Whereas in reality, the way the internet revolutionised the world at the turn of the century, the emergence of the metaverse signifies a paradigm shift in digital interaction.
Bharatmeta: India’s First-Ever Business Metaverse Solution
Today, India has positioned itself as an epicentre for revolutionary technology. KiyaAi’s Bharatmeta is India’s first-ever business metaverse solution which is focused on the commerce of physical and virtual products/services, enabling real businesses to adopt metaverse technology. Bharatmeta has been designed as a platform that resonates with the local ethos, including linguistic, cultural, and digital public infrastructure. It is the emergence of a persistent 3D universe in the Web 3 ecosystem that integrates generative artificial intelligence (AI) alongside multiple virtual environments.
Bharatmeta identifies itself as the persistent world that exists in tandem with the real world and enables people to interact, socialise, conduct feasible business, collaborate, and create AI-based content to have meaningful interactions, whether they are regarding banking, finance, education, retail, real- estate, food & hospitality, entertainment, media or travel & tourism. The solution leverages India’s digital infrastructure for digital payments, digital identification, open commerce, and additional domains while providing relevant use cases for various industries.
The Objective:
Bharatmeta’s primary objective is to establish an omnipresent digital environment that effectively harmonises with everyday life so that users can exist and perform efficiently in both and make modern technology inclusive rather than elitist. Therefore, it aims to provide an immersive experience across a multitude of devices, including laptops, smartphones, kiosks, and extended reality (XR) headsets, so that the consumers in both urban and rural regions can obtain the benefits of the Metaverse. It is a simulated digital environment that incorporates augmented reality (AR) and virtual reality (VR), enabling users to collaborate, interact, and socialise in dynamic 3D environments.
KiyaAi’s Bharatmeta envisions bringing people, places, and commodities together in both the digital and real worlds, empowering Indian organisations to elicit and cultivate a sense of community & collaborative engagement among P2P, B2C, B2B, and B2B2C.
The Gradual Transition from Web2.0 to Web3.0
Each innovation undergoes a phase of adoption and acceptance in the market. Bharatmeta is more focused on delivering omnichannel access and encouraging mass adoption of the immersive world. To build a digitally interconnected ecosystem, there has already been a significant global investment made in areas like open banking, digital public infrastructure, API-based integration, and secure host-to-host communications. In light of the circumstances, Bharatmeta has looked at leveraging the ecosystem within the existing platform and allowing the audience access to it at their convenience. As a result, the platform is made available on smartphones, Kiosks, desktops, and VR/AR/MR headsets to ensure more accessibility to users. The solution strives to strike an equilibrium between providing a rich metaverse experience while simultaneously making sure that every user can utilise it affordably. As we transition to a Web3 ecosystem, Bharatmeta has provided crucial aspects such as identity and controls on a Web2 architecture for businesses to adopt feasible business use cases on the metaverse.
Banking in Bharatmeta
The Indian banking industry has consistently been at the forefront of embracing new technology. Therefore, the keystone to digital India has always been the adoption of digital technology by the banking industry and its ability to extend digital payments. Since the National Payment Corporation of India (NPCI) established digital banking ecosystems like UPI, IMPS, etc., contactless payments have rapidly taken over, as a result, Indian digital economy now accounts for over 70% of the country’s current GDP.
Image Source: PNB Metaverse
Hence, instead of deploying crypto currencies or any parallel currencies which are treated as assets, rather than currencies by the Indian jurisdictional regulations, Bharatmeta has in-built APIs to integrate with digital public infrastructure created for payments. The roadmap is to integrate conventional finance-based digital payment modes such as UPI, Central Bank Digital Currency (CBDC) on digital public infrastructure provided by the NPCI and other payment service providers. Bharatmeta has already established and set up exclusive virtual branches of the two largest Indian banks, Punjab National Bank and Bank of Maharashtra, in order to provide its consumers with convenient access to banking services. Since generative AI has the potential to revolutionise content production and collaboration with enhanced immersive experiences within the metaverse, both it and the metaverse complement each other well. In accordance with this, the carefully designed 3D virtual branches enable customers to access the banks’ lounge and obtain verified information on the banks’ financial products and services like deposits, loans, government schemes, digital initiatives, etc. It also provides customers with a personalised, immersive banking experience.
To conclude, built on KiyaAi’s Kiyaverse platform, Bharatmeta intends to heighten trust by offering encrypted two-way communication as part of its drive to equip Indian businesses for the future. With this it is fair to state that leveraging Bharatmeta as an intriguing, innovative metaverse platform will increase public awareness of digital assets and encourage widespread adoption of use cases across industries, including culture, commerce, retail, fashion, and lifestyle. With 5G and IoT (Internet of Things) integration, industry verticals like health, real-estate, EdTech, eSports, and Agri-Tech will also extensively embrace the metaverse technology.
KEY TAKEAWAYS:
- Bharatmeta is India’s first business metaverse solution built on Kiya-ai’s Kiyaverse platform
- Bharatmeta identifies itself as the persistent reality that coexists with the real world.
- Bharatmeta resonates with the local ethos, including linguistic, cultural & digital public infrastructure.
- Bharatmeta provides an immersive experience across a multitude of devices, including laptops, smartphones, kiosks, and extended reality (XR) headsets.
- The platform is thoughtfully designed for both urban and rural audience.
- Bharatmeta empowers organisations to elicit and cultivate a sense of community & collaborative engagement among P2P, B2C, B2B, and B2B2C.
- Indian digital economy now accounts for over 70% of the country’s current GDP.
- Bharatmeta has in-built APIs to integrate with digital public infrastructure created for payments.
- To quip Indian businesses for the future Bharatmeta intends to heighten trust by offering encrypted two-way communication.
Probing Reality of Metaverse:
The dystopic novel ‘Snow Crash’ by Neal Stephenson has been mentioned as the source of the term ‘metaverse’. The metaverse, however, is not at all science fiction. In fact, at its core, the metaverse is an evolution of our current Internet. However, the audience is still more sceptical and perceives the metaverse as the hype-fuelled fad and passing trend that appeals only to gamers and celebrities. People are unaware of the potential growth and impact of the metaverse on human lives.
It’s misconstrued that the metaverse must run on virtual reality devices only. Metaverse is also erroneously assumed to be synonymous with Web 3, whereas as we transition from Web 2 to Web 3, it can also be used in hybrid environments.
In a nutshell, the metaverse is shrouded in scepticism and mystery. Whereas in reality, the way the internet revolutionised the world at the turn of the century, the emergence of the metaverse signifies a paradigm shift in digital interaction.
Bharatmeta: India’s First-Ever Business Metaverse Solution
Today, India has positioned itself as an epicentre for revolutionary technology. KiyaAi’s Bharatmeta is India’s first-ever business metaverse solution which is focused on the commerce of physical and virtual products/services, enabling real businesses to adopt metaverse technology. Bharatmeta has been designed as a platform that resonates with the local ethos, including linguistic, cultural, and digital public infrastructure. It is the emergence of a persistent 3D universe in the Web 3 ecosystem that integrates generative artificial intelligence (AI) alongside multiple virtual environments.
Bharatmeta identifies itself as the persistent world that exists in tandem with the real world and enables people to interact, socialise, conduct feasible business, collaborate, and create AI-based content to have meaningful interactions, whether they are regarding banking, finance, education, retail, real- estate, food & hospitality, entertainment, media or travel & tourism. The solution leverages India’s digital infrastructure for digital payments, digital identification, open commerce, and additional domains while providing relevant use cases for various industries.
The Objective:
Bharatmeta’s primary objective is to establish an omnipresent digital environment that effectively harmonises with everyday life so that users can exist and perform efficiently in both and make modern technology inclusive rather than elitist. Therefore, it aims to provide an immersive experience across a multitude of devices, including laptops, smartphones, kiosks, and extended reality (XR) headsets, so that the consumers in both urban and rural regions can obtain the benefits of the Metaverse. It is a simulated digital environment that incorporates augmented reality (AR) and virtual reality (VR), enabling users to collaborate, interact, and socialise in dynamic 3D environments.
KiyaAi’s Bharatmeta envisions bringing people, places, and commodities together in both the digital and real worlds, empowering Indian organisations to elicit and cultivate a sense of community & collaborative engagement among P2P, B2C, B2B, and B2B2C.
The Gradual Transition from Web2.0 to Web3.0
Each innovation undergoes a phase of adoption and acceptance in the market. Bharatmeta is more focused on delivering omnichannel access and encouraging mass adoption of the immersive world. To build a digitally interconnected ecosystem, there has already been a significant global investment made in areas like open banking, digital public infrastructure, API-based integration, and secure host-to-host communications. In light of the circumstances, Bharatmeta has looked at leveraging the ecosystem within the existing platform and allowing the audience access to it at their convenience. As a result, the platform is made available on smartphones, Kiosks, desktops, and VR/AR/MR headsets to ensure more accessibility to users. The solution strives to strike an equilibrium between providing a rich metaverse experience while simultaneously making sure that every user can utilise it affordably. As we transition to a Web3 ecosystem, Bharatmeta has provided crucial aspects such as identity and controls on a Web2 architecture for businesses to adopt feasible business use cases on the metaverse.
Banking in Bharatmeta
The Indian banking industry has consistently been at the forefront of embracing new technology. Therefore, the keystone to digital India has always been the adoption of digital technology by the banking industry and its ability to extend digital payments. Since the National Payment Corporation of India (NPCI) established digital banking ecosystems like UPI, IMPS, etc., contactless payments have rapidly taken over, as a result, Indian digital economy now accounts for over 70% of the country’s current GDP.
Image Source: PNB Metaverse
Hence, instead of deploying crypto currencies or any parallel currencies which are treated as assets, rather than currencies by the Indian jurisdictional regulations, Bharatmeta has in-built APIs to integrate with digital public infrastructure created for payments. The roadmap is to integrate conventional finance-based digital payment modes such as UPI, Central Bank Digital Currency (CBDC) on digital public infrastructure provided by the NPCI and other payment service providers. Bharatmeta has already established and set up exclusive virtual branches of the two largest Indian banks, Punjab National Bank and Bank of Maharashtra, in order to provide its consumers with convenient access to banking services. Since generative AI has the potential to revolutionise content production and collaboration with enhanced immersive experiences within the metaverse, both it and the metaverse complement each other well. In accordance with this, the carefully designed 3D virtual branches enable customers to access the banks’ lounge and obtain verified information on the banks’ financial products and services like deposits, loans, government schemes, digital initiatives, etc. It also provides customers with a personalised, immersive banking experience.
To conclude, built on KiyaAi’s Kiyaverse platform, Bharatmeta intends to heighten trust by offering encrypted two-way communication as part of its drive to equip Indian businesses for the future. With this it is fair to state that leveraging Bharatmeta as an intriguing, innovative metaverse platform will increase public awareness of digital assets and encourage widespread adoption of use cases across industries, including culture, commerce, retail, fashion, and lifestyle. With 5G and IoT (Internet of Things) integration, industry verticals like health, real-estate, EdTech, eSports, and Agri-Tech will also extensively embrace the metaverse technology.
KEY TAKEAWAYS:
- Bharatmeta is India’s first business metaverse solution built on Kiya-ai’s Kiyaverse platform
- Bharatmeta identifies itself as the persistent reality that coexists with the real world.
- Bharatmeta resonates with the local ethos, including linguistic, cultural & digital public infrastructure.
- Bharatmeta provides an immersive experience across a multitude of devices, including laptops, smartphones, kiosks, and extended reality (XR) headsets.
- The platform is thoughtfully designed for both urban and rural audience.
- Bharatmeta empowers organisations to elicit and cultivate a sense of community & collaborative engagement among P2P, B2C, B2B, and B2B2C.
- Indian digital economy now accounts for over 70% of the country’s current GDP.
- Bharatmeta has in-built APIs to integrate with digital public infrastructure created for payments.
- To quip Indian businesses for the future Bharatmeta intends to heighten trust by offering encrypted two-way communication.