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“Emerging technologies” is an umbrella term encompassing a massive field of upcoming and recent inventions. Oftentimes, these technologies are feasible, and thus, developed, but they haven't quite reached the stage of large-scale adoption.
Unsurprisingly, the development of these emerging technologies often tends to overlap. These overlaps occasionally make sense: artificial intelligence (AI) and machine learning both benefit from one another.
Other combinations, like unmanned aerial drones and blockchain technology, are not as immediately apparent. This doesn't necessarily diminish the potential effectiveness of such combinations, and tech entrepreneurs are well known for their clever approaches to integration. The sky is the limit, sometimes quite literally, when considering the potential applications of blockchain technology.
Artificial Intelligence and Machine Learning
Some of the greatest advances in technology and computing are from the field of advanced AI. For instance, Google's DeepMind A.I. research program seeks to create the world's first real AI; that is, a computer program that can communicate with humans in an authentic manner.
Although the ethics and potential dangers of this technology are debatable, Google’s progress in the program is not. On a smaller scale, financial institutions are looking to AI to automate their stock trading systems. However, the speed and efficiency of these trading bots has created an environment where humans are finding it increasingly difficult to compete. This led to the 2010 Flash Crash situation, for instance, where stock market bots responded too quickly to a series of manipulations, in turn crashing a sector of the market.
Such automated trading bots will clearly merge with cryptocurrency exchanges. The crypto markets share many similarities with traditional capital markets, and the potential profit is far too great to neglect. However, due to the current state of cryptocurrency market volatility, it is difficult to make the same type of predictions as with the stock market.
Other disruptive applications include Synthetics AI's SYNT token program, the aim of which is to become the industry leader of the customer service chatbot marketplace. Development and training for such programs can be a costly endeavor, but a pooled “experience” database could help mitigate these costs.
Drone Traffic Management through Blockchain Technology
Once belonging solely within the realm of military superpowers, drones have rapidly become a household gadget. Currently stuck in several types of regulatory limbo, one of the largest issues involving commercial drones is airspace traffic management.
As hobby and commercial drones become increasingly popular, the skies will become increasingly crowded. To facilitate the inclusion of drones into air traffic, one potential solution is to issue permissions for low-altitude flights over private property, which can be automated through blockchain technology.
This is the mission that the AERO Network has embarked upon, linking drone operators and property owners via a simple app. Their AERO tokens are traded automatically as drones fly through marketed properties.
The AERO app provides property owners with passive income, while ensuring that drones gain access to the shortest flight paths. The success of such a program could attract the attention of the Federal Aviation Administration, which is currently struggling with the sheer scale of flight area permissions.
Virtual Reality Integration
Virtual reality is currently undergoing a transformation from a niche curiosity to an easy-to-use household product. Major technology and entertainment giants like Sony, Facebook, and HTC all offer their own virtual reality headsets for gaming and media. Meanwhile, Ceek VR's partnership with Universal Music Group allows it to dominate the field of immersive music experiences.
The company's CEEK CITY environment offers concert halls, stadiums, and theaters. Each venue is available to artists and teams so they can provide experiences for their fans that would be impossible to recreate in the real world.
These artists can choose to go the traditional linear route; staging a concert, a play, or a sporting event that brings fans directly from point A to point B. Alternately, they can choose to make their experience interactive.
The platform allows fans to choose which path they wish to take, which song is played next, or which action a certain character should perform next on stage. To enable such a system, Ceek introduced the CEEK token, a form of digital currency for its virtual world. Users can purchase virtual tickets to live VR concerts, digital merchandise, and voting rights within the interactive experiences.
Going beyond the CEEK token, Ceek's blockchain will allow artists to mint and offer their own form of digital currency. Artists who choose to dive headfirst into the virtual world can create entire worlds for their fans to explore.
CEEK VR has also recently announced a partnership with the world's preeminent dance competition series, World of Dance, enhancing and promoting the hit TV brand's content around the globe.
The Future Runs on Blockchain
On the same scale that the Internet has given rise to a completely new ecosystem, blockchain also has the capacity to transform the world as we know it. In a field dominated by web applications requiring centralized servers, the drawbacks are already evident. Under such scenarios, data harvesting runs rampant, and an increasing number of users are seeking truly anonymous and secure networks.
With blockchain technology, such dreams of safety and privacy are no longer within the realm of science fiction. By the end of 2017, the entire world realized it could no longer ignore cryptocurrency. Major institutions are signing on, whether they be entities of a financial, entertainment, security, or technological nature. It's only a matter of time before the general public adopts blockchain tech in daily life as well.
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.