Metaverse is a decentralized project developed based on blockchain technology. We will build a digital asset web system (Digital Asset Web) on Metaverse, and integrate digital identity authentication (Digital Asset Web) on the blockchain. Identity Verification) and value intermediary (Oracle) service framework.

Metaverse is also the leading public blockchain in China. Metaverse aims to realize efficient and convenient transfer of digital personal data and assets, so that transaction security and personal privacy can be guaranteed. Metaverse is committed to completely changing the way of financial services and transactions, and improving the original identity verification services through digital assets, digital identities and value intermediary networks.

Project Highlights

Metaverse mainly proposes three concepts: digital assets, digital identities, and value intermediaries.
Digital Assets
A decentralized virtual asset that can be registered, transferred, issued, mortgaged, and destroyed on the Metaverse blockchain. Due to the use of blockchain technology, All assets have the characteristics of decentralization, trust-free, traceability, and immutability
The development of digital asset functions has been completed, and Metaverse is currently focusing on the development of digital identities.

Digital Identity
A set of identity ledgers managed by users on the Metaverse blockchain, which dynamically records the relationship between identity and assets, identity and identity, and Build digital credit accordingly.
Digital identity is ignored in many public chains, but Metaverse has always emphasized the importance of digital identity in the development of blockchain technology. Once the digital identity on Metaverse is applied, any subject can create their own digital identity, and use their own digital identity to complete many functions such as asset management and information query on the blockchain.

Value intermediary
When providing services to others while using Metaverse's digital identity as an identifier, it is called Oracle. Metaverse does not advocate disintermediation, but The intermediary is incorporated into the blockchain for "highly transparent supervision".

Application Scenario

Any project that needs digital assets and digital identities can use the Metaverse public chain, and the Metaverse blockchain can embed digital assets and digital identity services into any application in the form of BaaS.

In traditional Internet applications, their databases are managed in a centralized manner, which means that their account information and account asset information cannot flow across platforms. For example, the Alipay account cannot be used to log in to the WeChat application, and the asset balance of WeChat cannot be used in the Alipay application.

The birth of digital identity can solve the pain points that accounts cannot be used across platforms and account assets cannot be circulated across platforms. Users only need a Metaverse account to log in and access between different application platforms, and can share assets in the Metaverse wallet among these applications.

What's more interesting is that Metaverse allows intermediaries to participate by creating a trading platform. To give an example, such as: build a lending platform. Competent intermediaries can participate and lend money. Through the confirmation of digital identity, judge the borrowing ability of the borrower. The most important role of blockchain technology here is to increase security and reduce the cumbersome process of transactions.

Related information:
https://www.dprating.com/rating/report/4

https://mvs.org/en/foundation.html