From time to time we contemplate about which developments, movements or innovations are those that really matter, and that make this frequently mentioned difference. The results of these intellectual games must be subjective and are generated from a uniquely individual perspective. Things get fascinating, though, if you’re convinced that a specific development not only qualifies as your personal No 1 but should be on many people’s A-list.
Speaking of technology, my personal No 1 which back in 2009 was ‚Apps’, since 2015 is „Blockchain“. Beside developments such as VR and AR that certainly will honour their promises, the blockchain will fundamentally change the way we use the internet. You can regard it as a layer on top of the internet which allows a completely different approach to transactions – i.e. the end-user perspective – and supply chains – i.e. B2B perspective.
Without summing up and repeating all aspects of a blockchain, let’s focus on just one aspect (which, by the way, is the only reason for using a blockchain, anyway) – the automated consensus made possible by smart contracts. A smart contract is an algorithm defining and executing a set of rules, i.e. without an additional notary service deciding upon whether all contracting parties comply with all rules. Now, without knowing the technical details behind smart contracts, just ask yourself: how many manually executed processes immediately pop up in your mind that could be substituted by an automated process that minimizes time and costs.
VR and AR have been around for years now. Many companies have been founded, many have been shut down. From my perspective, both, AI and AR, need new use cases and new hardware to demonstrate their raisons d’être. That’s why it takes so long until they can really demonstrate their added value.
Don’t get me wrong – I can see the sexiness of many VR and AR prototypes. But, still, our world is heading towards automated processes; i.e. automatisations of already existing processes. And here the blockchain comes into play: it’s the great enabler of this global development. That’s why I hereby submit that in 2025, the blockchain will be regarded as the biggest development in technology of the last 10 years.
PS: This posts reflects my personal view which is not necessarily congruent with the Datarella team member’s