Article
Version 1
Preserved in Portico This version is not peer-reviewed
New Technology Deployment and Corporate Responsibilities in the Metaverse Title
Version 1
: Received: 6 September 2023 / Approved: 6 September 2023 / Online: 7 September 2023 (11:16:55 CEST)
A peer-reviewed article of this Preprint also exists.
Wynn, M.; Jones, P. New Technology Deployment and Corporate Responsibilities in the Metaverse. Knowledge 2023, 3, 543-556. Wynn, M.; Jones, P. New Technology Deployment and Corporate Responsibilities in the Metaverse. Knowledge 2023, 3, 543-556.
Abstract
"Metaverse" as a term came to the fore in 2021 when Facebook rebranded its corporate identity to Meta, and signaled its intention to invest at least $10 billion in developing the concepts and related products that year. However, there is still little consensus in defining what constitutes the metaverse, although there is a widespread, though not universal, agreement that it will bring a wide range of benefits across society. More specifically, the advent, and continuing evolution, of the metaverse has strategic and operational implications for, and impacts on, industry and business at large. Adopting an inductive, interpretivist approach, this exploratory research article presents case examples of the guidance on the responsible development of the metaverse provided by two IT business services companies. The article identifies the major risks and responsibilities associated with the metaverse and assesses how companies might address these responsibilities. Very little research has been published in this area and this article attempts to make a small contribution to filling this gap in the literature. The article finds that responsibilities are largely in line with those currently associated with corporate digital responsibility, and concludes that the strategic impact and extent of regulatory change will depend on the nature of the metaverse that materialises in the forthcoming decade.
Keywords
metaverse; corporate digital responsibility; CDR; regulation; digital technologies
Subject
Business, Economics and Management, Business and Management
Copyright: This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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