TY - JOUR
T1 - Non-fungible tokens (NFTs) for digital twins in the industrial metaverse
T2 - Overview, use cases, and open challenges
AU - Hasan, Haya R.
AU - Madine, Mohammad
AU - Musamih, Ahmad
AU - Jayaraman, Raja
AU - Salah, Khaled
AU - Yaqoob, Ibrar
AU - Omar, Mohammed
N1 - Publisher Copyright:
© 2024 The Author(s)
PY - 2024/7
Y1 - 2024/7
N2 - Recent years have witnessed the emergence of digital twins in the industrial metaverse, significantly transforming sectors such as manufacturing, automotive, oil and gas, and gaming. As a result, these sectors have experienced increased efficiency, innovation, and revolutionary solutions. Non-fungible tokens (NFTs) have the potential to enhance digital twins in the industrial metaverse by offering opportunities for monetization, traceability, and tracking. Moreover, NFTs can reshape the way industries operate by providing superior transparency, asset management, and intellectual property protection. This paper explores the potential of different types of NFTs, including dynamic and composable NFTs, in various applications within the industrial metaverse that heavily relies on digital twins. We present various industrial use cases where NFTs play a major role. Specifically, we design, implement, and test two use cases involving dynamic and composable NFTs. The data processing methods include algorithm development, simulation, and empirical testing within the industrial metaverse framework. Finally, we identify open research areas and future directions for the industrial metaverse.
AB - Recent years have witnessed the emergence of digital twins in the industrial metaverse, significantly transforming sectors such as manufacturing, automotive, oil and gas, and gaming. As a result, these sectors have experienced increased efficiency, innovation, and revolutionary solutions. Non-fungible tokens (NFTs) have the potential to enhance digital twins in the industrial metaverse by offering opportunities for monetization, traceability, and tracking. Moreover, NFTs can reshape the way industries operate by providing superior transparency, asset management, and intellectual property protection. This paper explores the potential of different types of NFTs, including dynamic and composable NFTs, in various applications within the industrial metaverse that heavily relies on digital twins. We present various industrial use cases where NFTs play a major role. Specifically, we design, implement, and test two use cases involving dynamic and composable NFTs. The data processing methods include algorithm development, simulation, and empirical testing within the industrial metaverse framework. Finally, we identify open research areas and future directions for the industrial metaverse.
KW - Blockchain
KW - Digital twins
KW - Industry
KW - Metaverse
KW - NFTs
KW - Smart contracts
UR - http://www.scopus.com/inward/record.url?scp=85196736206&partnerID=8YFLogxK
U2 - 10.1016/j.cie.2024.110315
DO - 10.1016/j.cie.2024.110315
M3 - Article
AN - SCOPUS:85196736206
SN - 0360-8352
VL - 193
JO - Computers and Industrial Engineering
JF - Computers and Industrial Engineering
M1 - 110315
ER -