Page 18 - Executive briefing on the metaverse

Executive briefing on the metaverse

Figure 8: Challenges in the metaverse

6 The importance of interoperability

One of the key factors that will determine the success of the metaverse is the development
of international interoperable technical standards. Interoperability and standardization will
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be critical for facilitating seamless cross-platform experiences, promoting innovation and
competition, and encouraging global adoption in developing and developed markets.

These international standards will ensure that virtual spaces and experiences are consistent and
compatible across different platforms and devices. This will allow people to move seamlessly
between virtual worlds, without encountering technical barriers or compatibility issues. It will
also help to ensure that virtual goods and experiences are portable and can be transferred
between platforms.

Most importantly, open, international standards help to create a level playing field for
developing countries to maximize the benefits offered by new technologies. The metaverse
can serve as a catalyst for accelerating digital transformation and adoption of the metaverse-
enabling technologies. Pivotal points or common agents will have to be standardized to
enable interoperable workflows between different metaverse platforms, enabling minimum
but sufficient interoperability mechanisms.

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