Introduction to Blockchain and AR
The field of Augmented Reality (AR) is rapidly evolving, with recent technologies and innovations emerging daily. However, one major blind spot within the AR space is the impact that blockchain technology may have on the software distributed in AR clouds. Blockchain technology is a technique of assigning unique attributes to digital assets using cryptography, that are then distributed on a decentralized, public ledger called a blockchain.
What is Blockchain Technology?
For those that are recent to blockchain, it’s essential to know the fundamentals. Blockchain technology allows developers to create unique digital assets that can not be copied. This is especially useful within the digital world, where copying a photograph or determining the originality of a digital asset might be difficult. Blockchain technology solves this problem by creating a singular digital fingerprint for every asset.
Real-World Applications of Blockchain
One of the preferred applications of blockchain technology is within the realm of digital currency, akin to Bitcoin. However, the potential of blockchain extends far beyond cryptocurrency. For example, the sport CryptoKitties used the Ethereum blockchain network to permit users to generate and sell unique digital cats, sometimes for hundreds of dollars. This concept might be applied to AR, where virtual items and assets might be given unique properties and value.
The Intersection of AR and Blockchain
Several corporations, akin to Verses, SuperWorld, and Arcona, are experimenting with merging AR and blockchain technology to sell virtual real estate. Others, like Lampix, are working on using computer vision and AR together with blockchain technology to trace virtually represented data between users and businesses. This technology has the potential to revolutionize the way in which we interact with virtual objects and environments.
The Future of AR and Blockchain
As AR corporations begin to deploy their AR clouds, we are able to expect them to integrate blockchain technology in lots of them in the approaching months and years. This may lead to recent and progressive ways of making and trading unique digital assets. For example, imagine a world where the Pokémon characters you collect in AR are truly unique, each with distinct characteristics and talents. This could create a brand new economy of rare and priceless digital assets.
The Potential of Blockchain in AR
The potential of blockchain in AR is vast and exciting. According to Gordon Meyer, co-chair of the Blockchain Committee for the VR/AR Association, "Within the explosion of Ethereum-based dApps, there are dozens of projects in development on the intersection of blockchain and immersive." As the technology continues to evolve, we are able to expect to see recent and progressive applications of blockchain in AR.
Challenges and Criticisms
However, there are also challenges and criticisms surrounding using blockchain in AR. Some argue that non-public blockchains, that are controlled by a single company or organization, compromise the immutability, security, and transparency of the technology. Despite these challenges, an increasing number of corporations are entering the space with private blockchain projects.
Conclusion
In conclusion, the intersection of AR and blockchain technology has the potential to revolutionize the way in which we interact with virtual objects and environments. As the technology continues to evolve, we are able to expect to see recent and progressive applications of blockchain in AR. Whether it’s creating unique digital assets, tracking virtually represented data, or enabling recent types of commerce, the potential of blockchain in AR is vast and exciting. As the AR space continues to grow and evolve, it’s essential to control the developments in blockchain technology and its potential impact on the industry.
