14th June 2023 Digital Bytes

Gender inequality in the metaverse - the number of women employed in the information technology (IT) industry has never been evenly distributed; and the metaverse does not need to follow this pattern either. Citibank believes that the metaverse could be utilised by 5.3billion people by 2030 and is potentially a $8-$13trillion opportunity. The metaverse indeed has the potential to significantly impact the global economy and give everyone who uses it new and more equal opportunities.

Blockchain and fraud detection - fraud for business is a major challenge, with the global fraud detection and prevention market size being valued at US$ 25.66 billion back in 2021. The market is estimated to have expanded from US$ 30.65 billion in 2022 to US$ 129.17 billion in 2029, exhibiting a CAGR of 22.8%. Blockchain technology offers a set of tools to help tackle fraud and usher-in greater transparency for corporations, their staff, shareholders, suppliers and customers alike.

Dragging banking into the f…