A system for generating high-resolution de-warped omni-directional stereo image from captured omni-directional stereo image by correcting optical distortions using projection patterns is provided. The system includes a projection pattern capturing arrangement, a projector or a display, and a de-warping server. The projection pattern capturing arrangement includes one or more omnidirectional cameras to capture projection patterns from the captured omni-directional stereo image from each omni-directional stereo camera. The projector or the display displays the projection patterns. The de-warping server obtain the projection patterns and processes the projection patterns to generate high resolution de-warped omni-directional stereo image by correcting optical distortions in the captured omni-directional stereo image and mapping the captured omni-directional stereo image and the high resolution de-warped omni-directional stereo image.