Page 56 - Citiverse Use Case Taxonomy Overview - Use Case Identification Track

Economic Development, Education and Tourism
Horizon
3
Hybrid Economy

Description Example Impacts SDG Alignment

The economic benefits brought by globalization The Social Interactive Twin Economy
are being counterbalanced with its (SITE) network is a global collection of Economic Employment
environmental impact, inequalities and the interoperable metaverse worlds growth opportunities
pressure on local communities and cities to offering immersive experiences in
continue rapid growth rates and unsustainable travel and commerce. Each virtual
resource use. Converging virtual worlds world represents a location, allowing Economic
technologies and data analytics to create a local communities and cities resilience and SME growth Target 8.9
twin economy, can empower city stakeholders worldwide to digitally showcase and diversification
and local communities to control their digital monetize their assets, services and
spaces and virtual market presence, creating uniqueness. Leveraging innovative
new opportunities to diversify their economy, XR, AI, and blockchain technologies, Quality Environmental
virtually showcasing local businesses, nature, SITEnetwork supports sustainability, Education protection Target 11.4
sites, traditions and culture, develop fosters expansion, global
ecommerce, share experiences/data, explore collaboration, and enhances both local
NFTs and engage in digital currency exchange and international engagement. Risk Level
options. This dual reality/virtual economy Evolving to sharing public data with
platforms can provide the opportunity to users can also lead to creation of new Public safety Low Medium High
rebalance inequalities, promote inclusivity and experiences, trends and customization
lessen the impact on the environment. of services to fit a changing society. Stakeholder acceptance Low Medium High
Data privacy and security Low Medium High

Key Technologies Financial/operational Low Medium High

Digital Metaverseerse AR VR MR AI IoT
AI
M
etav
MR
Twin GAI itu.int/metaverse/virtual-worlds/