First in India: Yashoda Hospitals Hyderabad joins Metaverse platform

Hyderabad: Yashoda Hospital has become India's first hospital to join the metaverse platform. The hospital will provide medical treatments to the patients through the Metaverse.

A plot of land owned by the group has been acquired on Decentraland, the most popular metaverse platform. 

Decentraland is the first fully decentralized virtual world. It was always part of the original vision to hand over control to the people who create and play in this virtual space. DAO stands for "Decentralized Autonomous Organization". The Decentraland DAO owns the most important smart contracts and assets that makeup Decentraland – the LAND Contract, the Estates Contract, Wearables, Content Servers and the Marketplace.

Dr Abhinav Gorukanti, Director of Yashoda Hospitals said "Since the beginning, we have aimed to be progressive as a group, we have many firsts to our accolade, including clinical excellence, infrastructure, and innovation. We have been early adopters of digital technology that adds value to our ecosystem, from Web 1.0 to Web 2.0 and now Web 3.0. We believe the future will be driven by core technologies like the blockchain and Web 3.0, moving from a centralized to a decentralized ecosystem." 

Also read- Apollo Hospitals To Enter Metaverse By Introducing Virtual Reality Platform

"Setting up our presence on decentraland is the first step towards our efforts and acceptance of decentralized tech, we will continue to upgrade and invest in making our digital infrastructure future-ready," he added.

"We believe, web 3.0 and metaverse will change the way people interact with each other, this is going to make digital connectedness more immersive and life-like. Among other industries, healthcare too will have opportunities to benefit from this technology, especially telemedicine, where the patient can experience near to real-life consultation experience. the other area which could see a large transformation is in medical education, conferences, etc. where participants and trainers can interact via their avatars just like they interact in person. At Yashoda Hospitals we intended to develop medical education and training ecosystem on the metaverse. And in the future build virtual clinics and hospitals as and when the technology gears up," Dr Gorukanti told Financial Express.com.

Also read- Yashoda Hospitals Hyderabad Opens Clinic In Kolkata

What is a Metaverse?

It is a collective virtual space, created by the convergence of virtually enhanced physical and digital reality. In other words, it is device-independent and is not owned by a single vendor. It is an independent virtual economy, enabled by digital currencies and nonfungible tokens (NFTs).

A Metaverse represents a combinatorial innovation, as it requires multiple technologies and trends to function. Contributing tech capabilities include augmented reality (AR), flexible work styles, head-mounted displays (HMDs), an AR cloud, the Internet of Things (IoT), 5G, artificial intelligence (AI) and spatial technologies.