Mentality Metaverse Conference 2021 - Day 2 - Dec 1
Channel: Mentality Metaverse
Date: 2021-12-07

Mentality Metaverse
The Day 2 of the Mentality Metaverse conference was held on December 1, 2021. It began with Dr. Jay Thomas welcoming all the participants and giving a summary of the discussion that occurred on the Day 1 of the conference. 
Dr. Alexander Peter was hosting the conference and started by giving a brief introduction of the topics that were going to be discussed during the conference. 
Empowering Innovation
The first topic of discussion was about incorporating ESG on the Metaverse. Dr. Alexander believes that every corporation involved in the Metaverse should receive an ESG rating. And to ensure that the rating doesn’t get manipulated, it should function on a distributed blockchain. Dr. Jay Thomas agreed with him by saying that the society that incorporates a system, thrives. So, for Metaverse to thrive, enforcement of a system is necessary.
Then Dr. Alexander shared his thought on how Metaverse can reduce the cost of turning an idea into a product and substantially increase the potentiality of the product to succeed. For this, he shared an inventor’s idea to replace the care label with a QR code. There are a lot of steps involved in replacing something, he said. So, the way Metaverse can make this easier is that inventors can first put their invention in the Metaverse and let others try it. If the product receives positive feedback, he can prototype it in the real world. Also, he can make changes to his product based on the feedback he receives. This way inventors will have a better chance at creating a successful product, Dr. Alexander explained. However, he shared his concerns on how an invention would be protected in the Metaverse. Dr. Alexander thinks a technology similar to blockchain that protects NFTs can be implemented in Metaverse for this purpose.

Protecting Intellectual Property
Dr. Alexander Peter started this segment by introducing Inventor’s Toolkit, a product designed to help innovators turn their idea into successful products. Before starting to prototype an idea, an innovator needs to do a patent search to find out if someone has created a similar product, Dr. Alexander explained. If a similar product exists, the innovator can decide what features he can add to his product to make it different.  Also, by exploring similar ideas, the innovator can have an idea if his product is going to be viable.
As Dr. Alexander believes that Metaverse is going to play a big role to enable the prototyping of new ideas and then bringing them into the real world, he wanted to know the thoughts of someone who has expertise in IP protection on the possible measures to protect IP in the Metaverse.

Learning through Experiencing
In this segment, Mr. Yogesh who is an entrepreneur shared his experience of using augmented reality to present his products to his clients. He said that by using augmented reality he was able to demonstrate the functionality and design of his product and impress his clients. He believes that Metaverse can take it to the next level by enabling clients to try a product without having to meet in person. 
After that Dr. Pramod Kumar Rajput was requested to share his thoughts on how Metaverse can shape the future of the healthcare industry. Dr. Rajput believes that the main application of Metaverse in this field will be related to training healthcare professionals. For example, surgeons will be able to perform “actual” surgeries on the Metaverse while training. So, their confidence and skill both will increase which as a result increase the success rate of any surgery. AI robots can also be trained in the Metaverse to perform surgeries, he added. 
Dr. Rajput then mentioned a research where it was found out that the patients suffering from dementia can better retrieve their memory if they are presented with a beautiful environment. So, Dr. Rajput thinks Metaverse can play a huge role in the treatment of such mental illness. 

Taking Entertainment to a New Level
Mr. Ashok was requested to give his thought on how he thinks Metaverse going to change the existing entertainment industry. He had an interesting take on it. He started by mentioning a quote from Edmund Wilson – “No two persons ever read the same book.” He believes that movies in Metaverse will be like Karaoke. For example, entertainment companies like Disney will build a template of a movie and release it on the Metaverse. It will be up to the viewers to decide how the movie flows from one scene to another. So, even though the template is made by a company, the viewers will be able to make their tweak and enjoy it the way they want to.

After Mr. Ashok shared his insightful thoughts on Metaverse and Entertainment, Dr. Sreela Sasi gave a presentation on Data Science and the Nuances in the Metaverse. Then Dr. Jay Thomas gave an interesting analogy to explain that the Metaverse should be used as a utilitarian. It should not cause social harm or overtake our real life. After that, the conference was concluded for Day 2.