There are several technologies that shape our lives for a better living.
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Added: May 11, 2024
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LATEST TECHNOLOGIES THAT ARE SHAPING THE WORLD ARROUND US TODAY There several significant advancement in various technological domains, with blockchain, the metaverse and artificial intelligence(A.I) taking center stage. These technologies have the potential to transform industries and reshape our digital landscape in profound ways. Lets delve deeper into each of these areas.
METAVERSETECHNOLOGY Metaverse refers to the convergence of physical and virtual accessed through computers and enabled by immersive technologies. HOW DOERS THE METAVERSE WORK The metaverse remains a domain to niche applications, used by customers for entertainment and gaming but shopping well short of an all encompassing virtual reality. The metaverse is controlled by large competing ecosystems- for example, Apple, and Android meta worlds –with limited interoperability. The metaverse is a dynamic, open and interoperable space, much like the internet but 3D.
METAVERSE CHALLENGES No matter what form the metaverse takes, cybersecurity challenges and privacy challenges 100m as major concerns. The current lack of privacy regulations for the metaverse presents many risks for business and users, including the following: Misapplication of current privacy regulations ,such as GDPR. Intrusive and extensive data collection. Issues concerning data rights and ownership. Exploitation of minors. users-to-user privacy.
BLOCKCHAIN TECHNOLOGY BLOCKCHAIN is a decentralized, distributed digital ledger that securely stores and manages transactions. IMPORTANCES OF BLOCKCHAINS TECHNOLOGY Here are some of blockchain importance's on BAN KING: Blockchain enables banks to process transactions in 10 seconds which would take 2 days previously and settlement of efficiency assets transactions. It also enables transactions to be processed 24\7. It allows fully automated transactional process-from payment to settlement and removes any delays in documentation caused by duplication. Making ,all publicity available ledger eliminates the disorder and complexity associated with multiple ledgers.
TYPES OF BLOCKCHAIN TECHONOLOGIES PUBLIC BLOCKCHAIN : The public is non- strictive, permission less and open to all of the users. Anybody who has access can join in blockchain platform, because an authorized node, access all records and verify transaction. Basically public blockchain is used for mining and exchanging cryptocurrencies. Example: Bitcoin, Ethereum , Litecoin. PRIVATE BLOCKCHAIN: A private blockchain can be defined as a permission blockchain that works in a rest rive environment, i .e a closed network . Private blockchain are usually used within an organization where only selected members have access to a blockchain network. Private blockchains are used for voting supply chain management, digital identity, assets ownership, e. t. c. Examples, fabric, sawtooth corda, e. t. c. CONSORTIUM BLOCKCHAIN: Here, a single group of users can be allowed to view, verify or add to blockchain. Thus, it is controlled by authorized nodes only. The main difference between private blockchain and consortium blockchains are typically used by government organizations e. t. c Examples: Marco pole, energy web foundation, 1BM food trust. HYBRID BLOCKHAIN ; Is a mixture of a private and public blockchain. This means that it combines the privacy benefits of a private blockchain with the security and transparency benefits of a public blockchain. With such a hybrid network, users can control who gets access to which data stored in the blockchains usually verified within that network. But users can also release it in the public blockchain get verified. Example of hybrid blockchain is dragonchain
CONT. COSORTIUM BLOCKCHAIN : Here, a single group of the users can be allowed to view, verify or add the blockchain. The main difference between private blockchain and consortium is that consortium blockchains are governed by a group rather than a single entity. More than one organization can act as node in this type of blockchain and exchange information or do mining. Consortium blockchain are typically used by banks government organization etc. Examples: Marco polo, Energy Web Foundation, IBM Food Trust. HYBRIDBLOCKCHAIN: A hybrid block chain is a mixture of the private and public blockchain . This means that it combines the privacy benefits of a private blockchain with the security and transparency benefits of public blockchain. With such a hybrid network, users can control who gets access to which data stored in the blockchain. A transaction in private network of a hybrid is usually verified. Only a selected section of data or records from the blockchain can be allowed to go public keeping the rest as confidential in the private network. Example of a hybrid blockchain is Dragonchain.
ARTIFICIAL INTELLIGENCE (A.I) Artificial intelligence (A.I), sometimes called MACHINE INTELLIGENGE, is intelligence demonstrated by machines, in contrast to the NATURAL INTELLIGENCE displayed by humans and other animals, such as “learning” and problem solving. In computer science A.I research defined as the study of “inteligent agent” : any device that perceives its environment and takes actions that maximize its chance of successfully achieving its goals.
HOW ARE HUMANS INTELIGENT Learning Reasoning Problem solving and creativity Social behavior Experiencing our environment with our senses; Hearing, Sight, Taste and Smelling. WAYS THAT PEOPLE THINK AND LEARN ABOUT THINGS If you have a problem, think of a past situation where you solved a similar problem. If you take an action, anticipate what might happen next. If you fail at something, imagine how you might have done things differently. If you observe an event, try to infer what prior event might have caused IT.
CONT. CONCERNS ABOUT A.I TAKING OVER THE WORLD The computer that wins at games of Chess or Go, is analyzing data for patterns. It has no idea its playing Go as opposed to golf, or what would happen if more than half of a Go board was pushed beyond the edge of table. When you ask Amazon’s Alexa to reserve you a table at a restaurant you name ,its voice recognition system, made very accurate by machine learning, saves you the time of entering a request in open Tables reservation system.
CONCLUSION The rapid advancement in blockchain, the metaverse, and AI have positioned these technologies at the forefront of innovation. While challenges and uncertainties remain, their potential to revolutionize industries and shape the future is undeniable. As these technologies continue to develop and converge, they will undoubtedly have a profound impact on various aspects of our live.
REFERENCES Mukta, S.N. (2023). Blockchain Technology . Chittagong University of Engineering and Technology (CUET). Bangladesh.[Accessed on 29 April 2024] Moore, J (2024). What is metaverse ? [Accessed on 20 April 2024] Available at: https://www hf faa .gov/webtraining/HFModel/HFI interModel/overview.htm [Accessed 30 April. 2024]