Ethical use of data in the metaverse for corporate social responsibility

Authors

  • Samuel Ejiro Uwhejevwe-Togbolo Department Of Accounting, Dennis Osadebay University, Asaba Delta State, Nigeria Author https://orcid.org/0009-0002-7916-1888
  • Ubogu Festus Elugom Department Of Accounting, Dennis Osadebay University, Asaba Delta State, Nigeria Author https://orcid.org/0000-0002-9068-0892
  • Nelson Iguemedere Ofomaja Department Of Mechanical Engineering, Delta State School Of Marine Technology, Burutu Delta State, Nigeria. Author

DOI:

https://doi.org/10.56294/mr202461

Keywords:

Ethical, Metaverse, Data, Corporate Social Responsibility, Virtual

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.

References

1. Oyighan D, Ukubeyinje SE, Oladokun, BD, Kakwagh, VV. Emerging Technologies: Leveraging Digital Literacy for Self-Sufficiency Among Library Professionals. Metaverse Basic and Applied Research. 2024; 3: 59. doi: 10.56294/mr202459

2. Shahper R, Alexander, R. What is novel about the Metaverse?, International Journal of Information, Management, 2023; 73: 102684. https://doi.org/10.1016/j.ijinfomgt.2023.102684.

3. Stelios A.K.I. The 4 Epochs of the Metaverse. Journal of Metaverse Review. 2023; 3: 152-165,

4. Yaqoob I. Salah K. Jayaraman R. Omar M. Metaverse applications in smart cities: Enabling technologies, opportunities, challenges, and future directions, Internet of Things. 2023; 23: 100884. https://doi.org/10.1016/j.iot.2023.100884.

5. Kaddoura S, Al Husseiny F. The rising trend of Metaverse in education: challenges, opportunities, and ethical considerations. PeerJ Comput Sci. 2023; 139:1252. doi: 10.7717/peerj-cs.1252.

6. Uwhejevwe-Togbolo SE, Ojinta CM, Okoli PC. Corporate Social Responsibility and Tax Aggressiveness amidst Subsidy Removal amongst Listed Firms in Nigeria. International Journal of Academic Accounting, Finance & Management Research. 2023; 7: 9-16

7. Wynn M, Jones P. New Technology Deployment and Corporate Responsibilities in the Metaverse. Knowledge. 2023; 3(4):543-556. https://doi.org/10.3390/knowledge3040035

8. Anshari M, Syafrudin M, Fitriyani NL, Razzaq A. Ethical Responsibility and Sustainability (ERS) Development in a Metaverse Business Model. Sustainability. 2022; 14(23):15805. https://doi.org/10.3390/su142315805

9. Andreas B, Yaroslav U. Exploring the Potential of the Metaverse in Operations Management: Towards Sustainable Practices. This final project work has been carried out at the School of Engineering at Jönköping University in the subject area Production Systems. 2023; 1-50

10. Ho, KA. Implementation Strategy of Vietnamese Enterprises in Corporate Social Responsibility. Jyväskylä: JAMK University of Applied Sciences, 2022; 83.

11. Wilkinson C. Corporate Digital Responsibility: The Influence of Digitalisation on Sustainable Corporate Development. KCC Kompetenz Centrum. 2023; 1-50.

12. Kulkarni M. Digital accessibility: Challenges and opportunities. IIMB Management Review. 2019; 31(1): 91-98. https://doi.org/10.1016/j.iimb.2018.05.009.

13. Gupta A, Khan HU, Nazir S, Shafiq M, Shabaz M. Metaverse Security: Issues, Challenges and a Viable ZTA Model. Electronics. 2023; 12(2):391. https://doi.org/10.3390/electronics12020391

14. Chen CC, Khan A, Hongsuchon T, Ruangkanjanases A, Chen YT, Sivarak O, Chen SC. The Role of Corporate Social Responsibility and Corporate Image in Times of Crisis: The Mediating Role of Customer Trust. Int J Environ Res Public Health. 2021 Aug 4;18(16):8275. doi: 10.3390/ijerph18168275. PMID: 34444023; PMCID: PMC8394849.

Downloads

Published

2024-02-10

How to Cite

1.
Uwhejevwe-Togbolo SE, Festus Elugom U, Iguemedere Ofomaja N. Ethical use of data in the metaverse for corporate social responsibility. Metaverse Basic and Applied Research [Internet]. 2024 Feb. 10 [cited 2024 Dec. 1];3:61. Available from: https://mr.ageditor.ar/index.php/mr/article/view/50