What is Emerging Technologies ? | Metaverse concept

by anonymous
May 12, 2023
25

Emerging Technologies

Emerging technologies are technologies whose development, practical application, or both are still largely unrealized.

These technologies are generally new but also include older technologies finding new application. Emerging technologies are often perceived as capable of changing the status quo.

Emerging technologies include a variety of technologies such as Educational Technology, Information technology, Nanotechnology, Biotechnology, Robotics, and Artificial Intelligence. Over centuries innovative methods and new technologies are developed and opened up. Some of these technologies are due to theoretical research, and other from commercial research and development.

Technological growth includes incremental developments and disruptive technologies.

Table Of Content

👉 Metaverse

👉 Augmented Reality

👉 Virtual Reality (VR)

👉 Blockchain Technology

👉 Advantages and disadvantages of Blockchain

👉 Industry 4.0

Metaverse

The Metaverse has become the buzzword of recent times and promises disruptive outcomes in the near future. It refers to a virtual, digital, 3D universe formed by merging diverse virtual spaces and physical worlds. Users can enter this digital universe in there digital avatars and move across and interact within the Metaverse.

The term ” Metaverse ” was conceptualized by Neal Stephenson

in his science fiction novel Snow Crash, written in 1992.

A Metaverse is a virtual, digital 3D universe formed by merging various kinds of virtual spaces. Users can enter this digital universe using their virtual identity in the form of digital avatars and can move across various Metaverse spaces for shopping, hanging out, or meeting friends, just as they would in the real world. The only difference is users can enjoy immersive experiences from the comfort of their own homes. Simply put, activities that happen within isolated environments in the real world will now happen virtually, within the Metaverse.

Unique Traits of the Metaverse

The Metaverse is unique in its own way. It is an interoperable network comprising 3D virtual worlds rendered in real time. An unlimited number of users can experience, these virtual ecosystems persistently and synchronously. During this experience, a user’s individuality is maintained. Moreover, a Metaverse is massively scaled and ensures the continuity of data, like objects, identities, entitlements, interactions, payments, history, etc.

Who owns the Metaverse ?

The virtual space offered by the Metaverse is device-independent and collective, so no single vendor owns the space. The transactions within a Metaverse are made using non-fungible tokens (NFTs) and digital currencies.

Technologies that Empower the Metaverse

The functioning of a Metaverse requires a combination of several cutting-edge technologies like Virtual Reality, Augmented Reality, Artificial Intelligence, machine learning, blockchain, an AR cloud, Internet of Things (IoT), spatial technologies, head-mounted display (HMDs), and 3D reconstruction. Apart from these avantgarde technologies, the Metaverse will also need the support of software tools, apps, platforms, hardware, and content generated by users.

Augmented Reality

Augmented, the word has been derived from a Latin word ‘augere’ meaning to add or increase. Augmented reality is used to virtually bring a digital object into the real-life world. It is also known as mixed reality because reality is augmented by superimposing virtual images over a physical object.

The device supporting the AR feature uses the lens to scan the object on which the digital impression is to be created. The algorithm and the software then measure the distance of the object. Finally, the object is digitally placed over it. AR is, in fact, an enhancement version of the real physical world.

Examples of Augmented Reality

⋟ Snapchat ⋟ Interior Decoration Apps

⋟ Photography and Editing ⋟ AR Maintenance O

⋟ Hololens ⋟ Google Glass

⋟ Google AR Core ⋟ Google Street View

⋟ Pokemon Go ⋟ Pitch Summary in Cricket

Virtual Reality ( VR )

The main difference between AR vs VR is that VR is a computer generated simulation. This means that reality or an alternative world is generated graphically.

By using appropriate hardware, it is possible for the user to be fully immersed in the digital world. Therefor, there are also important difference between AR headsets vs VR headsets. Hardware geared towards VR requires sensory devices that translate real-world movements into a modeled reality.

Here’s how virtual reality (VR) works

The focus of VR is to simulated a new reality. By using a VR screen, the user can perceive and interact in the digital world. This requires two lenses between the user and the screen. They interpret the movement of the eyes and adapt the individual movement to the VR. Therefor, in the case, extensive hardware is necessary to isolate the user from the real world.

Every new technology has its very own pros and cons. This is also true foe VR.

Advantages Disadvantages

• Immersive learning is possible in an • A genuine interaction in the virtual

interactive environment. environment is not possible.

• Users can explore the virtual world • It is tempting to transfer one’s life

in all its facets. completely to the virtual world.

• The education sector benefits from • Even though training or learning in the

these new possibilities. VR environment is very beneficial, it

cannot completely replace the real

training experience.

Practical application of virtual reality (VR)

In the military, this technology is used in flight simulators or battlefield simulations.
In sports, digital training devices help athletes improve their own performance and analyze their techniques.
In medicine, VR can be used for post-traumatic stress or anxiety. At the same time, the technology allows trainee doctors to train surgical techniques.

Blockchain Technology

Blockchain is a method of recording information that makes it impossible or difficult for the system to be changed, hacked, or manipulated. A blockchain is a distributed ledger that duplicates and distributes transactions across the network of computers participating in the blockchain.

Why is Blockchain Popular ?

Suppose you are transferring money to your family or friends from your bank account. You would log in to online banking and transfer the amount to the other person using their account number. When the transaction is done, your bank update the transaction records. It seems simple enough, right? There is a potential issue which most of us neglect.

These types of transactions can be tampered with very quickly. People who are familiar with this truth are often wary of using these types of transactions, hence the evolution of third-party payment application in recent years. But this vulnerability is essentially why Blockchain technology was created.

Blockchain is an emerging technology with many advantages is an increasingly digital world :

Highly Secure : It uses a digital signature feature to conduct fraud-free transactions making it impossible to corrupt or change the data of an individual by the other users without a specific digital signature.
Decentralized System : Conventionally, you need the approval of regulatory authorities like a government or bank for transaction; however, with Blockchain, transactions are done with the mutual consensus of user resulting in smoother, safe, and faster transactions.
Automation Capability : It is programmable and generate systematic actions, events, and payments automatically when the criteria of the trigger are met.

Advantages and Disadvantages of Blockchain

Advantages of Blockchain : One major advantages of blockchains is the level of security it can provide, and this also means that blockchains can protect and secure sensitive data from online transaction. For anyone looking for speedy and convenient transaction, blockchain technology offer this as well. In fact, it only takes a few minutes, where as other transaction methods can take several days to complete. There is also no third-party interference from financial institutions or government organization, which many users look at as an advantage.

Disadvantages of Blockchain : Blockchain and cryptography involves the use of public and private keys, and reportedly, there have been problems with private keys. If a user loses their private key, they face numerous challenges, making this one disadvantage of blockchains. Another disadvantage is the scalability restriction, as the number of transactions per node is limited. Because of this, it can take several hours to finish multiple transaction and other tasks. It can also be difficult to change or add information after it is recorded, which is another significant disadvantage of blockchain.

Industry 4.0

Industry 4.0 is revolutionizing the way companies manufacture, improve and distribute their products. Manufacturers are integrating new technologies, including internet of Things (IoT), cloud computing and analytics, and AI and machine learning into their production facilities and throughout their operations.

➡ From steam to sensor : historical context for Industry 4.0

First Industry Revolution : Starting in the late 18th century in Britain, the first industrial revolution helped enable mass production by using water and steam power instead of purely human and animal power. Finished goods were built with machines rather than painstakingly produced by hand.

Second Industrial Revolution : A century later, the second industry revolution introduced assembly lines and the use of oil, gas and electric power. These new power sources, along with more advanced communication via telephone and telegraph, brought mass production and some degree of automation to manufacturing processes.

Third Industry Revolution : The third industry revolution, which began in the middle of the 20th century, added computers, advanced telecommunications and data analysis to manufacturing processes. The digitization of factories began by embedding programmable logic controllers (PLCs) into machinery to help automate some processes and collect and share data.

Fourth Industry Revolution : we are now in the fourth industry revolution, also referred to as industry 4.0 Characterized by increasing automation and the employment of smart machines and smart factories, informed data helps to produce goods more efficiently and productively across the value chain. Flexibility is improved so that manufacturers can better meet customer demands using mass customization-ultimately seeking to achieve efficiency with, in many cases, a lot size of one. By collecting more data from the factory floor and combining that with other enterprise operational data, a smart factory can achieve information transparency and better decisions.

~~~~~~~~~~~~~~~~~~~~ FAQs ~~~~~~~~~~~~~~~~~~~~

Q. What is Bitcoin ?

A. Bitcoin is a decentralized digital currency that allows secure, peer-to-peer transactions, without the need for bank-like intermediaries or payment processors. It was made in 2009 by an unknown person or group of people under the pseudonym Satoshi Nakamoto.

Bitcoin transactions are recorded on a public ledger called the blockchain, which is managed by computers around the world. Blockchain ensures transaction integrity and prevents double spending or fraud.

One of Bitcoin’s defining features is its limited supply. Only 21 million bitcoins will be in circulation each day, making it a deflationary currency. The issuance of new bitcoins is also controlled by a predetermined algorithm that reduces the number of new bitcoins created over time.

Bitcoin has gained popularity over the years as both a store of value and a means of payment, and inspired the creation of many other cryptocurrencies.

Q. What is difference between AR and VR ?

A. Both AR (Augmented Reality) and VR (Virtual Reality) technologies aim to provide users with immersive experiences, but they work in different ways.

Virtual Reality (VR) is a technology that simulates a completely different environment from the user’s physical surroundings. By wearing a VR headset, users are fully immersed in a simulated world, where they can interact with virtual objects and have a sense of presence in them in a fully digital environment

However, Augmented reality (AR) is a technology that overlays digital information over the real world. AR typically involves a device, such as a smartphone or tablet, that uses the device’s camera to capture the real world and then adds digital information to it. For example, using AR to overlay details of a restaurant where they can actually see the street, or adding decorative elements to a room allows users to see how it would be in their home

In summary, VR immerses users in a fully simulated environment, while AR overlays digital information into the real world.

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Emerging Technologies Emerging technologies are technologies whose development, practical application, or both are still largely unrealized. These technologies are generally new but also include older technologies finding new application. Emerging technologies are often perceived as capable of changing the status quo. Emerging technologies include a variety of technologies such as Educational Technology,…