Virtual Assets from the Internet of Things Perspective

Subject Areas : Computer Engineering

Mohammad Davarpour ¹ , Mohammad Ahmadinia ²

1 - Department of Computer Engineering, Semnan Branch, Islamic Azad University, Semnan, Iran
2 - Department of Computer Engineering, Kerman branch, Islamic Azad University, Kerman, Iran.

Received: 2023-02-26 Accepted : 2023-02-27 Published : 2022-10-01

Keywords: virtual reality, Internet of Things, Blockchain, Cryptocurrency, Metaverse, Virtual Asset,

Abstract :

Virtual assets have emerged as a novel form of digital property that can be owned, traded, and secured using blockchain technology. These assets can represent real-world assets and can be traded on blockchain-based platforms. The Internet of Things (IoT) has also emerged as a significant technological advancement, enabling the interconnection of devices and systems, facilitating the exchange of data and information. The combination of virtual assets and IoT can create new opportunities for asset tracking, inventory management, and supply chain optimization. This paper presents an overview of the integration of virtual assets and IoT, exploring the challenges and opportunities associated with their integration. Additionally, the paper highlights ten categories of incorporation of virtual assets and IoT, including asset tracking, smart contracts, and supply chain management. The presented cases demonstrate the potential of integrating virtual assets and IoT in various industries and applications, showcasing their ability to enhance security, efficiency, and transparency.