Industrial Revolution and Metaverse: Industry 5.0

Book excerpt: Industrial Revolution and Metaverse: Industry 5.0 book chapter is constructed to provide various metaverse implementation stages and their applications. A metaverse can be any 3D virtual space powered by technologies – including virtual reality (VR), augmented reality (AR), artificial intelligence (AI), the Internet of Things (IoT), and blockchain – that allows people to interact with each other. According to current Industry 4.0 standards, Metaverse is the emerging research area to give various services to IT and ITeS. In this book chapter various real time applications are taken. A platform for augmented reality called Metaverse enables users to build interactive experiences that combine the virtual environment and the real world. Unlike the previous iterations of the internet, the metaverse will be built and owned primarily by its users and their user-generated content (UGC). Another prime example of real estate in the metaverse is SuperWorld, a virtual world where you can buy, sell, and collect plots of virtual land. In this book chapter various chapters are discussed based on current trends.