May 29, 2024

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The Upcoming Big Four Digital Technology Revolutions

9 min read

If you had been puzzled and trying to wrap your head close to these future huge 4 innovative electronic systems, you are not on your own. The superior information is that you have not skipped the boat nonetheless due to the fact we are nonetheless at the embryonic stage of this future huge digital revolution journey that will transform and reimagine the way we function, live, participate in, socialize, and carrying out organization in this hyperconnected world.

It is my pleasure to share with you this e-book. e-reserve: The Following Large Four Electronic Technologies Revolutions

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You can down load this e-reserve so that you can go through at your comfort. By looking through this e-book, we hope that you will not get remaining guiding and could make perception out of these quick-shifting interrelated digital revolutions.

The contents in this e-e-book will demystify and join these 4 parts of jigsaw puzzle:

  • Online Revolution (Internet 3.)
  • Practical experience Revolution (Metaverse)
  • Revenue Revolution (Cryptocurrency)
  • Finance Revolution (Decentralized Finance – DeFi)

In a nutshell, Internet 3. is the basis for the Metaverse. It is powered by blockchain technological innovation that supports NFT (Non-Fungible Token) or Crypto-Asset transactions utilizing electronic money or Cryptocurrency as the medium of trade in Decentralized Application (Dapp.) The huge adoption of electronic currency will sooner or later shift the money transactions from conventional centralized finance to Decentralized Finance (DeFi) ecosystem. 

Government Summary

Below is the speedy summary of every electronic know-how revolution area in the e-guide.

The Internet Revolution: World-wide-web 3.

Among the all of the know-how revolutions that we experienced witnessed today, the web technological know-how is arguably the most disruptive innovation in the record of mankind. The net was invented a few many years ago and has shipped substantial amount of financial price and unlimited technological advances to the entire world. The Web or world-wide-web engineering carries on to evolve in-line with the enhancement in the information and communication systems. 

We crawled in World-wide-web 1. we are now walking in Web 2. and we will run in Website 3.. 

  • The Previous: World wide web 1. is static website for info sharing
  • The Current: Net 2. is dynamic website for interactive sharing
  • The Potential: World-wide-web 3. is conduct internet site for immersive experience

We experienced observed that Internet 2. disrupted the standard brick-and-mortar providers but at the same time supplied significant options. New progressive tech companies—such as Fb, Apple, Amazon, Netflix, and Google (FAANG) ended up born and took in excess of the reign as the world’s premier corporations by market capitalization.

We are currently coming into World-wide-web 3., characterised by these core functions: automation and decentralization trustless and permissionless connectivity and ubiquity semantic and spatial world wide web Synthetic Intelligence (AI) and equipment learning. Just like the emergence of innovative tech corporations that dethroned the common brick-and-mortar businesses in the Net 2., will we see the emergence of new innovative firms in Internet 3.?

For even further depth, in this article is the connection to my LinkedIn post “Web 3.: The Upcoming Period of World-wide-web Revolution”

The Encounter Revolution: Metaverse

Electronic Transformation Strategy has been the topic of dialogue in the boardroom and C-suite in the past decades but the discussion on Corporate Metaverse Tactic starts off to gain momentum a short while ago. Businesses will have the capacity to develop and boost their enterprise versions by extending their business enterprise from electronic company to metaverse small business.

Interest in the metaverse spiked right after Fb introduced in Oct 2021 the rebranding of its name as ‘Meta’ to mirror its focus on the virtual earth. The world-wide manufacturers, these kinds of as: Microsoft, JP Morgan, HSBC, PWC, Walmart, Nike, Disney, and so on. are ramping up their attempts to have a foothold in this room. The rush to get the virtual land has begun. The rate of Decentraland (MANA) has appreciated by +2000% in just 15 months (from Jan 2021 to Mar 2022.)

In the Globe Financial Forum’s publication on 31st March 2022, Gatner predicted that 30% of the corporations in the world will have products and solutions and products and services ready for metaverse and 25% of folks will invest at least a single hour a day in the metaverse for function, shopping, education and learning, social or leisure by 2026 Bloomberg Intelligence’s publication explained that metaverse is the up coming significant know-how system with $800 billion current market possibility appear 2024 Citibank’s whitepaper uncovered that the total addressable marketplace for the Metaverse could be concerning $8 trillion and $13 trillion by 2030 with overall end users all over 5 billion Goldman Sachs and Morgan Stanley concurred that the metaverse could be an $8 trillion option by 2030.

The mix of technological, social and financial drivers is ensuing in the explosive enthusiasm in the metaverse. The metaverse is much less about a place but far more about a framework for human interaction. It is all about expertise, not technologies. The metaverse is a decentralized digital globe with virtual fact support centered on blockchain technology. It represented the fourth wave to computing know-how, next mainframe computing, particular computing and cell computing.

Each factor of our lives is getting additional and extra electronic from actively playing, performing, residing, socializing, banking, etc. The time we spent on-line each day will keep on to raise. The day will appear when our actual physical existence is a lot less valuable than our electronic everyday living. 

For even further depth, below is the link to my LinkedIn article “From Diginomics (Electronic Overall economy) to Metanomics (Metaverse Economy)”

The Income Revolution: Cryptocurrency

Cryptocurrency is the electronic forex that leverages on blockchain technology to gain decentralization, transparency, and immutability. Cryptocurrencies are coming into into the mainstream to co-exist with gold, currency, inventory, and so on. as economic property or expense property working as retail outlet of benefit, evaluate of price, and medium of trade.

Cryptocurrency current market capitalization experienced doubled in dimension in 2021, from $1 trillion in January to $2 trillion at the end of December with all-time high at $3 trillion in November.

If you evaluate with the best ten biggest banking companies in the entire world, Bitcoin is at the 1st place with market cap of .8 trillion USD and Ethereum is at 4th position with current market cap of .4 trillion USD. The planet premier financial institution JP Morgan is at 2nd position with industry cap of .45 trillion USD. This is dependent on the knowledge as of 19th January 2022.

There are additional than 8,000 cryptocurrencies. The two significant cryptos, Bitcoin and Ethereum, symbolize close to 70% of the whole market place capitalization. Quite a few substitute coins have minor or no buying and selling volume. Some may perhaps verify to be equally practical and worthwhile but some may flip out to be just for experiment, ineffective or even scams – shit cash.

At present juncture, it seems like governments and regulators are performing in unison to suppress and clamp down crypto expansion. They are seeking to centralize the decentralized blockchain entire world with polices to preserve their management about the financial program. Some nations around the world have banned cryptocurrencies or seriously limited their use due to the developing range of crypto frauds and the potential risk to the governing administration-directed financial policy. 

For further element, in this article is the link to my LinkedIn write-up “The Foreseeable future of Finance: Dissecting Cryptocurrencies”

The Finance Revolution: DeFi

Decentralized Finance (DeFi) is decentralized networks that renovate standard fiscal products into trustless and clear protocols that run with no intermediaries. It experienced elevated blockchain technological innovation software to the next degree due to its broad adoption in the finance field. DeFi is developing speedy to disrupt the regular centralized finance that displays layers of fat and inefficiency. Will the “too major to fail” institutions last but not least fall short?

DeFi provides likely alternatives that boost the effectiveness and lessen the frictions inherent in the classic money infrastructure. Transactions via DeFi is secured due to the advanced codes that tackle them. Moreover, this code is available to the complete community members who can conveniently detect any problems or fraud behaviors.

DeFi seeks to construct and blend open-source economical setting up blocks into advanced fintech providers and merchandise that decrease frictions and increase benefit to end users. Nearly any financial transactions or devices (financial savings, financial loans, swaps, potential, forwards, alternatives, margin trading, trade funding, insurance coverage, etc.) can be tokenized with sensible contracts in DeFi, for this reason taking away the wants to have intermediaries to execute the transactions.

For more element, in this article is the hyperlink to my LinkedIn article “The Foreseeable future of Finance: Demystifying Decentralized Finance (DeFi)”

Blockchain Technological innovation

If you experienced read carefully the over 4 electronic technological innovation revolutions, you will see that the core capabilities are: automation and decentralization trustless and permissionless transparency and immutability connectivity and ubiquity. These are basically the vital tenets of blockchain technological know-how.

Blockchain technologies plays a critical position in the improvement of these 4 digital engineering revolutions: the Knowledge Revolution (Metaverse,) the Online Revolution (Website 3.,) the Money Revolution (Cryptocurrency,) and the Finance Revolution (Decentralized Finance.) These four electronic technologies will co-exist collectively in the new earth.

Blockchain engineering ushers in a new online technologies, the Website 3.. Because Metaverse is operating on Net 3., the NFT (Non-Fungible Tokens) or crypto-asset transactions will be transacted and electronic forex or cryptocurrency will be utilized for payment settlement among buyers in the metaverse. The wide adoption of digital currency will shift the economical transactions from classic centralized finance to Decentralized Finance (DeFi) ecosystem. 

Closing Remarks

We are however at the early stage of these digital technological know-how revolution. You have not skipped the boat nonetheless. Therefore, never just sit on the sideline. Commit your time to study more and find out for you the massive prospective and enormous company opportunities that can be derived from these impending big four digital know-how revolutions:

  • Net Revolution (Website 3.)
  • Knowledge Revolution (Metaverse)
  • Cash Revolution (Cryptocurrency)
  • Finance Revolution (Decentralized Finance – DeFi)

These blockchain-enabled electronic revolutions will co-exist and reimagine the way we do the job, are living, socialize, and engage in in this hyperconnected world. We would arrive at an ecosystem where by it would be problem to delineate the distinction between getting offline and on-line. It would be all about currently being constantly on the web relatively than often having access to an on the web globe. It would be about remaining within the computer alternatively than accessing the laptop or computer.

In the physical globe, we dress up and get items because we care about how other folks perceive us. In the digital world, we treatment about our on the net presence by publishing our greatest pics and spicing up our profiles in LinkedIn, Instagram or Fb. In the digital globe, placing up a digital enterprise in the metaverse is similar to placing up an on the internet web-site and obtaining virtual items in the metaverse is equivalent to shopping on the web in the net. The day will appear when our digital daily life become far more worthwhile and crucial than our physical everyday living.

Background tells us that there were being skepticisms when new disruptive and ground breaking systems have been introduced. Most folks had been skeptical when ATM card was introduced, when credit rating card was launched, when on-line payment was introduced, when cell payment was released, and so on. Nevertheless, as soon as it acquired the trusts, the usage exploded exponentially as it improved effectiveness and reduced frictions. Very similar point also happened in the social media space, the place important firms had been at first extremely skeptical when social media internet marketing had been launched. But nowadays, most of them are introduced in the social media platforms.

Will history repeat itself once again for these new electronic know-how revolutions? At this juncture, it is tough to tell whether these upcoming major 4 innovative electronic systems are truly the new disruptive forces that would remodel even further the latest digital earth or just a hoopla that would fade absent with time.

Last but not least, below are all of the inbound links to the selection of my e-books and content:

e-guide: The Next Huge 4 Electronic Technological innovation Revolutions

  1. Internet Revolution (Web 3.): The Subsequent Period of Internet Revolution
  2. Practical experience Revolution (Metaverse): From Diginomics to Metanomics
  3. e-e-book on The Upcoming of Finance described by Cryptos and DeFi
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