Blockchain technology, AI and AR

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Forecasts for Blockchain, AR and VR technology: High in the sky objectives have given way to clear and targeted objectives and expectations Forecast for 2019: Blockchain technology, AI and AR, transition from unknown entities to images of targeted solutions

Blockchain, AI and VR technology; are they becoming adults?

As we approach the end of 2018, technology is entering an exciting state for consumers and organizations like. This year we started mapping the waters of technologies like blockchain and artificial intelligence, narrowing the industry-specific solutions for the future. Many technologies will eventually become obsolete, including AR technology, next year.

We are now beginning to understand the implications of disruptive technologies with greater sophistication. Artificial intelligence is shifting from being an entity unrelated to a technology used to improve specific business processes. As Indico CEO and founder Tom Wilde suggests: "Companies are looking for business solutions – aimed at improving the customer experience". As a result, we should expect to see "fewer AI-only solutions arriving on the market and fewer AI-funded startups".

For now, IA seems destined to continue its trajectory towards the top. The International Data Corporation (IDC) predicts that global spending on artificial intelligence will reach $ 57.6 billion by 2021. AI is starting to make its way as entrepreneurs recognize how to improve decision making (in particular regarding the analysis of customer journeys). It is for this reason that 51% of companies will make the transition to the IA by 2019.

Organizations are not only more educated about AI, but also about technologies like blockchain. The blockchain has been widely discussed in popular culture and the extended transmission time it has received has helped to improve our collective understanding of its future potential.

Blockchain applications; it will no longer be foreign and intimidating

The applications of the blockchain are emerging, it is becoming much more than a means to create a cryptocurrency

While many have seen blockchain technology as a simple footnote in the realm of cryptocurrency, a number of more ambitious companies have seen the potential that Blockchain has to offer among industry applications. In 2018, the companies from Porsche to De Beers implemented high-profile blockchain pilots, but the results of these developments have yet to be fully realized.

At the beginning of this year Forrester Research Inc. predicted that 90% of blockchain pilots will not become complete products or services. Blockchain has successfully inspired entrepreneurs, but it has yet to become the technological foundation that we hope to have in the future.

However, it would be a mistake to suggest that the blockchain is already falling off the map. Nick Cowan CEO of the Gibraltar Stock Exchange suggests that there will be a "level of maturity within the blockchain space in 2019" as more "sustainable blockchain projects" are developed.

The desire to develop sustainable blockchain projects is a feeling that Medici Ventures has embodied in many of their projects. According to their president Jonathan Johnson, they will launch a regulated exchange led by blockchain in 2019.

tZERO was designed to integrate "cryptographically secure distributed registries with existing market processes to reduce settlement times and costs, increase transparency, efficiency and auditability". tZERO will be one of many blockchain projects that will help push the financial services industry into its next phase of development.

If we look at consumer technology, one of the most interesting areas of development includes virtual and augmented reality. So far there have been a number of high-profile and commercially successful VR products, but overall there are still many margins for improvement in both VR and AR technology. VR Company Oculus will release Oculus Quest in the spring of 2019 with a screen resolution of 1600 × 1440 per eye.

On the side of the AR technology there are also signs of promise. Economic Daily News has put together inside information to suggest that the iPhone 2019 will have three rear cameras. At first glance it seems relatively harmless, given the release of similar phones like Huawei P20 Pro in the past, but security analyst Lu Jialin suggests there may be more than it may seem.

Jialin proposes that the three cameras will come together to create an AR experience for the customer. A camera could use a telephoto lens while the other two perform depth mapping. If this is the case, AR will have access to a much larger demographic than ever before.

The stars are aligned for the shopping revolution of augmented reality

The AR and VR guru of a customer experience company calculates that shopping with augmented reality is bound to transform the way we buy and, consequently, to save off-line retail sales

Of all the emerging disruptive technologies it is clear that technology providers are becoming much more experienced about how they take advantage of these technologies to improve key business processes. In recent years, organizations have flung themselves headlong into technologies such as artificial intelligence and blockchain without clearly defining industry-specific applications.

What makes 2019 so exciting is that 2018 has been a tough test of how these technologies can be improved and what problems they can solve. The successes and failures of technologies such as blockchain and virtual reality have provided technology providers with everything they need to get started in the next phase of development. In other words, the high objectives in the sky have given way to clear and targeted objectives and expectations.

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