Metaverse as a Cutting-edge Platform for Attaining Sustainable Development Goals (SDGs)

20 Pages Posted: 1 Dec 2023 Last revised: 30 Jan 2024

See all articles by Nitin Rane

Nitin Rane

University of Mumbai

Saurabh Choudhary

University of Mumbai

Jayesh Rane

University of Mumbai

Date Written: November 13, 2023

Abstract

The Metaverse, an immersive virtual reality realm where users engage with computer-generated environments, is swiftly emerging as a transformative platform poised to address and propel Sustainable Development Goals (SDGs). This research delves into the intersections between the Metaverse and SDGs, shedding light on how this cutting-edge technology can be harnessed to propel sustainable development across diverse sectors. Commencing with a comprehensive overview, the paper details the evolution, key components, and immersive capabilities of the Metaverse. Underscoring its dynamic and interactive essence, the research emphasizes the potential of the Metaverse to revolutionize conventional approaches to education, healthcare, environmental conservation, and economic empowerment. A thorough analysis unveils the Metaverse's role in democratizing education by transcending geographical boundaries and providing inclusive learning environments. The immersive nature of the Metaverse facilitates experiential learning, enhancing education accessibility, and fostering global collaboration to fulfill SDG 4 (Quality Education). Additionally, the paper explores how the Metaverse can contribute to healthcare solutions through virtual medical consultations, training healthcare professionals, and simulating medical scenarios. This innovative approach holds the potential to address healthcare disparities, advance SDG 3 (Good Health and Well-being), and improve overall public health. Environmental sustainability takes center stage as the Metaverse serves as a platform for raising awareness about climate change, promoting sustainable practices, and simulating eco-friendly solutions. This aligns with SDG 13 (Climate Action) and SDG 15 (Life on Land), emphasizing the Metaverse's capacity to inspire real-world environmental stewardship. Economic empowerment is addressed through discussions on virtual economies within the Metaverse, highlighting opportunities for entrepreneurship, job creation, and financial inclusion. This exploration corresponds to SDG 1 (No Poverty), SDG 8 (Decent Work and Economic Growth), and SDG 10 (Reduced Inequality).

Keywords: Metaverse, Sustainable Development Goals, SDGs, Sustainable development, Virtual reality, Sustainability, Blockchain, Augmented reality.

Suggested Citation

Rane, Nitin and Choudhary, Saurabh and Rane, Jayesh, Metaverse as a Cutting-edge Platform for Attaining Sustainable Development Goals (SDGs) (November 13, 2023). Available at SSRN: https://ssrn.com/abstract=4644035 or http://dx.doi.org/10.2139/ssrn.4644035

Nitin Rane (Contact Author)

University of Mumbai ( email )

Mahatma Gandhi Road
Mumbai, 400032
India

Saurabh Choudhary

University of Mumbai ( email )

Maharashtra
India

Jayesh Rane

University of Mumbai ( email )

Mahatma Gandhi Road
Mumbai, 400032
India

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