Top 3 Tech Trends: The State Of AR/VR, Blockchain & Crypto’s in 2018

We humans know no limit, especially when it comes to technology. We are constantly striving to sharpen and improve upon the existing tech tools and looking for new ways to make our life even more comfortable than before. We have already seen how smartphone has impacted our day to day living &

If I Say -Cut down smartphone device from your life for one day, it may be like court has given you a lifetime imprisonment, isn’t it?

That is a kind of dependency we have developed with this tech revolution of the century. 2017 has seen the price war in a smartphone world, which was complemented with data price war between various data service providers, especially in India. Apple released its £999 iPhone X to celebrate its ten-year anniversary and Samsung unveiling its successor to the ill-fated Galaxy Note 7 which struggled to get enough user attention. The battle for supremacy in smartphone industry will continue into this year too and will see some aggressive pricing and marketing strategy being deployed by giants like Samsung, MI, 1+5, Motorola, Google, Nokia and many more new player will try to find its space in this already crowded market.

New Tech Trends To Watch Out For In 2018-

The new year is also expected to bring some innovative tech advancements beyond this smartphone industry.

I feel:

2018 Will Be More About : AR, VR, AI, & Crypto

1. AR & VR: Is The New Reality-

Digit-Captial A Leading research company in AR & VR Technology predicts:

Ubiquitous $90 billion AR to dominate focused $15 billion VR by 2022

AR (mobile AR, smart glasses) could approach three and a half billion installed base and $85 billion to $90 billion revenue within 5 years. At the same time, VR (mobile, standalone, console, PC) might deliver 50 to 60 million installed base and $10 billion to $15 billion. That’s a pretty big difference, and it all has to do with AR’s ubiquity and VR’s focus. (Note: AR/VR adviser [reports/tools, company network, strategy consulting, investment banking] Digi-Capital’s new Augmented/Virtual Reality Report Q1 2018 base case is that even with 900 million installed base for ARKit/ARCore by the end of this year, AR/VR revenue will only start to scale in 2019)

AR /VR Revenue Prediction for You: Brought To You By Digi-Capital

source

VR as a tech is struggling and may find it difficult to pick up because of the hardware limitation to actually connect people, Occlus the creator of VR tech somewhere has the knowing that virtual reality is not the future. As its engineers pour millions of Facebook’s dollars into the second generation of VR headsets, the company’s head of research, Michael Abrash, is preparing for a world where augmented reality dominates our everyday lives.

Abrash said at Facebook’s F8 conference in April 2017-

“No matter how good VR gets, few people would be comfortable socializing in person with someone whose eyes they can’t see, and social acceptability is an absolute requirement for anything we wear in public,”

AR will dominate VR which can be clearly understood in the prediction which Digi-Capital makes in his report-

Mobile/standalone VR (Samsung Gear VR, Google Daydream View, Oculus Go) had its potential reduced by phone makers and developers shifting their focus more towards mobile AR, and might not top a few tens of millions installed base long-term. (Note: hardware installed bases incorporate hard data on device sales, and device attrition.)

Having said that VR is not going away anytime soon, and will continue to fascinate tech innovators

In fact engadget reported ,

Major VR manufacturers are already preparing their users for the day VR is indistinguishable from AR — when those thick plastic headsets will transform into stylish, clear lenses projecting virtual worlds atop the physical plane, with the option to block out reality completely in favor of an immersive experience.

I have covered more about AR & VR in My Article: Top 3 Mobile App Development Trends You Can’t Miss In 2018

Refer it for more info.

2. CrytoCurrency : A New Digital Currency Which Is Taking The World By Storm-

2017 saw a digital currency disruption where cryptos like bitcoin, litecoin, ether all surged to new heights making many a billionaire in no time. The price of Bitcoin rose almost 2000% from $1,000 in January to over $19,000 at its peak in December.

What Is CryptoCurrency?

I have covered a lot about Crypto’s like Bitcoin, Litecoin, Ripple etc in my following articles-

1. All You Wanted To Know About BitCoin?
2. A Quick Ripple Primer To Make You An Informed User!
3. A Quick LiteCoin Crypto Primer For All You Dreamers!

For the first Timers let me define a cryptocurrency for you-It is digital asset which is employed to be used as a medium of exchange between any two parties. This asset is secured using strong cryptographic encryption technique, making it the most reliable way of transacting. Cryptocurrencies uses a decentralized control as opposed to centralized electronic money and central banking systems. The decentralized control of each cryptocurrency works through a blockchain, which is a public transaction database, functioning as a distributed ledger.

I feel -

• Cryptos will rock this year 2018 and more and more institutional investor will get their hands dirty in its trading. In 2018, we will see the launch of numerous crypto funds. Coindesk has reported where it says that Morgan Stanley has estimated that hedge funds invested a massive $2 billion in cryptocurrencies last year in 2017.
• Till now there are already over 100 (84 of which were launched in 2017) with an estimated $2bn in assets under management.
• The block chain which is the main technology empowering all the digital assets will be the core tech empowering most of the international and big financial banks & money lending institution. Where they will use it to transact, maintain ledgers and to help expand their footprint on the global map for cheaper cost. As ripple is doing currently for many big banks.
• Banks are all poised to invest heavily into blockchain as it can be seen in the given prediction stat by : AITE Group

• Blockchain can make healthcare sector more intelligent & smarter. Rather, it will be an evolutionary journey for blockchain-based healthcare systems or applications where trust & security based mechanism will play a major role in its implementation. See below some of the use cases for the same.

credit: www.healthit.gov,Frost & Sulivan

We have seen 2017 to be the year where many forks of Bitcoin were found like Bitcoin Cash, Bitcoin Gold, Bitcoin Silver, Diamond etc… and we can expect many such forks for others digital cryptos in coming future seeing the success of Bitcoin Cash. IFO: Intial Fork Offerings will become a popular thing on 2018.

• ICO: Many Intial Coin Offerings platform will come into development garnering enough investor & traders community interest into it.

So what exactly is ICO - As per investopedia:-

It is an unregulated means by which funds are raised for a new cryptocurrency venture. An Initial Coin Offering (ICO) is used by startups to bypass the rigorous and regulated capital-raising process required by venture capitalists or banks. In an ICO campaign, a percentage of the cryptocurrency is sold to early backers of the project in exchange for legal tender or other cryptocurrencies but usually for Bitcoin.

This trend will be augmented by the existing ICO platform like CoinList & Balanc3. these platforms are already helping many companies and their investors, raise fund for themselves. So ICO is all set to become a norm in market like IPO has become for public limited companies.

Likewise there will be many more opportunities which will come across in various industrial sectors where crypto’s, blockchain, smart contracting will become quite popular in transacting digital information where security will play a major game changing role.

I some how have the feeling:That no matter what, blockchain is going to stay and will change the whole paradigm of digital data transactions. It will give rise to a totally new world like internet revolution did, where everyone will be enjoying the effective, efficient and secured transaction of the digital information which will be purely based on a strong foundation of trust.

Summary:

The World has come a long way from exchanging goods through barter system, to using legal tender (country wise legalised currency ) and now it is witnessing a totally new way of transacting between two human beings or agencies(parties ) in the form of cryptocurrencies. This journey from barter to Bitcoin is no coincidence, it is a phenomenon which we humans the most sophisticated gadget on this earth has given birth to. This phenomenon will impact all the existing sectors to such an extent that if they don’t adopt this blockchain innovation swiftly they will be outdated and will be punished by the market.

-So yes it is a time that we all stop living in speculation and start taking actions to be blockchain ready, else all we will be left with will be, a mere prediction.-Market has always been supportive to those who are willing enough to catch the trend way before their competitors and who takes action by learning from the past, acting in current dynamics and investing in future trends.

Ending by, extending my sincere gratitude to all you awesome readers for showering all your love & constantly inspiring me to write more & helping me learn more eventually.

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Top 3 Tech Trends: The State Of AR/VR, Blockchain & Crypto’s in 2018 was originally published in codeburst on Medium, where people are continuing the conversation by highlighting and responding to this story.