Blockchain Teams Up With Emerging Tech

“Blockchain” feels like what “the cloud” felt like a few years ago. An enigmatic concept that we keep hearing about and can see impacting enterprises and the way they work. 

From XR Today

Boiled down, blockchain is a decentralized record of information that can’t be tampered with and is stored across different “blocks.” A chain of blocks, if you will. (And even if you won’t.) 

The concept was first discussed in 1982—before the technology capabilities existed to make it possible. Since then, computing power has reached the point where blockchain is possible and scalable. 

The most commonly known application for blockchain currently is cryptocurrency. Bitcoin and other cryptos run on a blockchain ledger—immuable and decentralized so no one party controls the currency and the record can’t be tampered with. 

We’re expecting to see blockchain technologies used alongside other emerging technologies. For example, as governance systems in the metaverse, as currency for sales of 3D virtual assets and NFTs, and for VR marketing attribution. 

Several energy companies are already using blockchain technology to track projects and verify workflows. 

Early adopters are the new kids on the block(chain).