Ethical use of data in the metaverse for corporate social responsibility

Samuel Ejiro Uwhejevwe-Togbolo, Ubogu Festus Elugom and Nelson Iguemedere Ofomaja

Metaverse Basic and Applied Research, 2024, vol. 3, 61

Abstract: The study examined ethical use of data in the metaverse for corporate social responsibility (CSR). The study noted that Metaverse, is an emerging technology with vast potential for businesses, social interactions, and entertainment. Nevertheless, with the increasing use of data in this digital realm, it is crucial to ensure the ethical use of data and prioritize Corporate Social Responsibility (CSR). Thus, metaverse has garnered a lot of interest recently. It describes a group virtual shared environment that is produced through the combination of virtual, augmented, and physical reality settings. The metaverse can be conceptualized as an immersive, persistent, and networked virtual environment where users can explore different virtual environments, interact with one another, and take part in a variety of activities. Consequently, in the metaverses, CSR plays a crucial role. These elements consist of safeguarding user privacy and data security, battling false and misleading information, encouraging diversity and inclusion, addressing the impact on the environment, supporting moral business conduct, and enhancing stakeholder trust. The study concluded that Corporate social responsibility is crucial when it comes to the moral use of data in the metaverse. Companies can foster trust with their users and help the metaverse succeed as a whole by making sure that user data is gathered, stored, and used ethically. It was recommended that firms should consider the environmental impact of the metaverse and adopt sustainable practices to minimize negative consequences on the environment.

Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:dbk:metave:v:3:y:2024:i::p:61:id:61

DOI: 10.56294/mr202461

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