What Metaverse Means for Tech and How DLT is Transforming FinTech


Metaverse seems to be going from the bleeding edge of technology to mainstream, as seen from the recent flurry of investments in metaverse applications. From Meta (formerly Facebook) to Microsoft, Google and Apple, there’s some serious work underway to define what the metaverse would look like. The latest to join the party is IT major Infosys, which launched the metaverse foundry. And as it turns out, the consulting major has built 100+ ready-to-apply use casesOpens a new window to transition clients to augmented reality, virtual reality, IoT, blockchain and metaverse technologies. 

But the game-changing aspect of metaverse applications hinges on creating immersive experiences to collaborate, co-create and forge deeper connections with customers. At least that’s what Charlton Monsanto, the EVP of Digital Customer Experience at Capgemini Americas, and Sam Kamani, the co-founder and CEO of Ensydr.com, posit. 

In this exciting video, the duo provides an insightful glimpse into the metaverse of the future. 

Watch the video: Will the Metaverse Influence How Tech Companies Interact With Consumers? 

No matter what you do, it’s tough to dodge headlines about crypto and NFTs. The distinct hype and enthusiasm surrounding cryptocurrency and its growing influence in financial markets is unmistakable. However, very little is written about the tech – cryptography powering the world of crypto and its role in curbing one of the most persistent challenges in the financial sector – fraudulent transactions. 

Meanwhile, its close cousin – distributed ledger technology (DLT), based on the principles of blockchain such as decentralization, enhanced transparency and security, can address significant challenges in the financial sector with real-world applications and pilots.

In this insightful article, Rajashekara Visweswara Maiya, VP & Global Head of Business Consulting at Finacle, outlines how distributed ledger technology, cryptocurrency, and central bank digital currency play well together and transform the usually slow-footed financial sector. 

Learn more about its transformative potential: The Power of Three: DLT, Cryptocurrency and CBDC 

Concerns over cyberattacks, data breaches are higher than ever before. Recent findings from Check Point ResearchOpens a new window indicate organizations suffered 50% more cyberattack attempts per week in 2021 as compared to 2020. Additionally, with more organizations testing out hybrid work models, many security managers need to reevaluate their security posture. 

As Gartner’s VP Analyst, Peter Firstbrook, puts itOpens a new window , “Over the past two years, the typical enterprise has been turned inside out. As the new normal of hybrid work takes shape, all organizations will need an always-connected defensive posture and clarity on what business risks remote users elevate to remain secure.” 

So how can organizations defend against the onslaught of attacks?  Certainly, not with traditional security solutions that can’t hold up against advanced attacks. Enter network behavior anomaly detection!  At a time when continuous monitoring and hardening of systems has become critical, Network behavior anomaly detection can help fortify security defenses against hackers. 

Don’t miss this excellent explainer: What Is Network Behavior Anomaly Detection?

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