Blockchain & VR Convergence
The unprecedented convergence of Blockchain and VR
The Dvision Network is a new VR content ecosystem that utilizes blockchain technology. It aspires to provide the best user experience by utilizing the advantageous features of Blockchain and VR technologies, and by creating an unprecedented and inclusive virtual ecosystem for businesses and designers.
Welcome to the Dvision Network! As we have previously seen, the VR world is rapidly expanding. However, it seems that existing issues in the VR content market may impede and disrupt the overall growth of the VR market in general. Nonetheless, the convergence of VR and blockchain technology is a pivotal solution that can not only boost the growth of VR software and hardware markets, but can also contribute to the transparency, security, and scalability of the Dvision Network. There, VR content creators will be able to easily protect their copyright and monetize their pieces of content.
What is Blockchain?
As you may know, blockchain is a data-distributed processing technology, that distributes and stores data, including transaction data, on a single chain network. A blockchain has a chain-linked structure in which the data of individuals and their transactions are recorded. Therefore, a blockchain is also called a “distributed ledger.”
- Decentralization: Enables direct trades in a distributed network without the presence of an intermediary or third party.
- Scalability: Anyone who participates in the network through an open source can build, extend or expand it.
- Transparency: All the recorded transactions can be accessed publicly.
- Security: The transaction details are jointly owned by all participants in the network to prevent the manipulation of transaction data and ensure its integrity.
Blockchain & VR Convergence
The Dvision Network is a new VR content ecosystem that utilizes blockchain technology. The Dvision Network combines VR and blockchain technology so that O2O services can be used in various industries. It serves as a catalyst for change by allowing anyone to participate in F&B, exhibitions, fairs, games, and other content industries within the VR space.
Global Payment System
The Dvision Network also provides a global payment system so that participants can engage in robust economic activities in the new VR world. Participants can join the Dvision Network and receive services from anywhere in the real world. In the Dvision ecosystem, crypto assets are issued through the usage of blockchain technology to overcome shortcomings such as changes in exchange rates between key currencies of different countries, slow transmission speeds, and burdensome commission fees paid to intermediaries. The crypto assets address the issues mentioned above and simplify payment procedures for those developers and partners who will participate in the token ecosystem built on a single blockchain network. By utilizing blockchain technology, the Dvision Network is expected to lower entry barriers for potential global partners, which should have positive results.
The Dvision Network is the underlying network that creates the Dvision platform ecosystem. It includes a payment system that maintains the safety and transparency of token transactions occurring in the VR world of the Dvision Network. Participants can use the system to register and create content, and set up the token reward ratio and token economy. In the virtual world of the Dvision Network, participants cannot forge or falsify their data when they are being paid. This, in turn, guarantees the safety and transparency of the system. Since the network uses a blockchain, the Dvision Network eliminates the risk of data falsification and utilizes smart contracts to let participants easily earn rewards equivalent to their contributions.
The ownership of content created and used in the Dvision Network’s new VR content ecosystem is protected by smart contracts. Regarding VR content, it is mainly distributed through Steam®, an overseas distribution platform. It has been reported that content producers are struggling with illegal copyright piracy and unauthorized distribution of their content due to the absence of separate licensing contracts. In the Dvision Network, VR content producers are valuable contributors and can generate continuous profits through smart contracts. Consumers, on the other hand, can either temporarily rent or permanently buy that content. The Dvision Network protects content production through copyright in order to create a sound market ecosystem using blockchain technology. At the time, they encourage content producers to produce more content, thus helping the entire VR industry work together.