Immersive technology, blockchain and AI are converging — and reshaping our world

Immersive technology, blockchain and AI are converging — and reshaping our world

Immersive technology, blockchain and AI are converging — and reshaping our world
  • Synergies between spatial computing, blockchain and AI will augment our experiences and increasingly guide our interactions with the digital world.
  • Industries like retail and financial services are already witnessing the transformative impact of the convergence of these three tech trees.
  • Achieving seamless integration of this technology trio requires collaboration among businesses, technologists, policymakers and the public to ensure positive societal and economic impact.

By David Treat and Michael Klein

Spatial computing, AI and blockchain are converging, and this meeting of tech is unlocking new possibilities by redefining our interaction with the digital and physical worlds.

Spatial computing, which encompasses augmented reality (AR), virtual reality (VR) and mixed reality (MR), allows us to transcend traditional two-dimensional interactions and engage with a dynamic three-dimensional world. This shift is more than technological — it’s a redefinition of experience, turning passive viewers into active participants in blended physical and digital experiences.

Blockchain and Web3 are improving our approach to digital identity and transactions, creating a decentralized framework that not only enhances security but also empowers individuals with control over their data and digital assets. This shift towards decentralization is democratizing the digital landscape and ensuring that users are the rightful custodians of their digital identities.

Generative AI completes this triad by enabling the rapid design and deployment of personalized, dynamic digital environments. This technology is not just about automating tasks; it’s about enhancing creativity and providing individualized experiences tailored to a person’s needs and preferences.

Blockchain, spatial computing and AI are a converging tech trio

We can observe this convergence by examining the developer community’s topics of interest. Let’s look at spatial computing and AI confluence. According to Accenture Research’s analysis on Stack Overflow, posts that pertain to creating 2D and 3D content and involve an AI component have been increasing faster than those that don’t involve AI. This is due to increasingly growing maturity of machine learning algorithms that increase the efficiency and possibilities of traditional graphic processing techniques — or supersede them.

Developers’ interest in spatial computing and graphics processing overall, and in the context of machine learning:

More developers are interested in the convergence of spatial computing and AI than they are in spatial computing alone.
More developers are interested in the convergence of spatial computing and AI than they are in spatial computing alone.Image: Accenture

Transforming industries and enhancing human interaction

These technologies now extend beyond their applications to collectively transform industries. From enhancing retail experiences with AR applications to improving security processes through computer vision at airports, we are witnessing the convergence of these technologies in everyday life.

There will even be a near future where our interactions with technology are not limited to specific hardware, which would create promise for global adoption, access and inclusion. This future is about diversity in technological interaction, seamlessly transitioning across devices and platforms, allowing for more natural and intuitive engagement between our physical and digital worlds, and enhancing our capabilities without being tethered to a single device type.

Achieving this integration of digital and physical realities will require a mindset that is open to change. Changes may be required for policy, governance and societal norms. Beyond mere technological innovation, we must also rethink and transform innovation’s supporting frameworks.

Updating regulations and transforming cultural attitudes is critical. For example, embracing tokenization and verifiable credentials for digital identities will involve new standards and laws to uphold privacy and security. This shift challenges traditional business models and requires a balance between innovation and safeguarding individual rights. It means a profound shift in regulatory and cultural landscapes.

The success of these technologies depends heavily on societal acceptance and cultural adaptation. We need proactive efforts to foster environments where innovations are not only embraced but also clearly understood for their benefits. Change requires a collaborative approach among technologists, policymakers and the public, to shape how these technologies integrate into everyday life.

Technology convergence is already underway

It’s important to acknowledge that fully achieving the synthesis of spatial computing, AI and blockchain will take time. Currently, a two-way synergy between these technologies is beginning to take shape. Early adopters across industries are already experiencing the benefits of this age of technology convergence. By examining successful applications, retailers, healthcare providers, financial institutions, urban planners and others are getting a glimpse of a future where technology enhances human interaction, democratizes data and fosters a more inclusive society.

Blockchain and AI: Enhancing trust

Some sectors are especially focused on developing robust tools for fraud detection and ensuring product authenticity standards are met, such as financial services and luxury brands, respectively. In the financial sector, particularly in fraud detection and risk management, AI models can analyze vast amounts of transaction data to identify potential fraud, while blockchain provides a secure and immutable record. This pairing enhances the trustworthiness of decisions made by AI, improves accuracy and boosts confidence in automated systems.

Blockchain and spatial computing: Secure experiences

In the realm of real estate and property management, blockchain and spatial computing are combining to change how we interact with physical spaces. AR can provide virtual tours of properties, while blockchain technology securely handles the leasing or purchasing transactions. This convergence enhances the user experience and ensures transactional security and transparency.

AI and spatial computing: Transforming human-computer interaction

The combination of AI and spatial computing is dramatically transforming human-computer interaction, particularly in the field of education and healthcare. VR environments powered by AI can adapt to individual learning styles and pace, providing personalized educational experiences that are more engaging and effective. This technology duo is making learning more interactive and adaptable to individual needs. In healthcare, MR can to assist in surgeries by providing real-time, 3D visualizations of patient anatomy.

Realizing the nexus of blockchain, AI and spatial computing

Looking ahead, the ideal state of convergence among blockchain, generative AI and spatial computing could transform societal structures in profound ways. Imagine a smart city where these technologies are fully integrated: Blockchain serves as the backbone for secure and transparent civic engagement, AI optimizes city services based on real-time data and spatial computing provides immersive, intuitive interfaces for citizens to interact with their urban environment. This could include everything from voting to urban planning, where citizens use AR interfaces to visualize and vote on city developments with the secure, immutable backing of blockchain technology, all enhanced by AI’s predictive capabilities to ensure sustainable and optimal planning.

The future offers unprecedented opportunities to reshape industries, enhance human interactions, and build a more connected world. As we navigate this new reality, focus should not only be on adopting new technologies but on reimagining how we interact with our world. It’s about creating a future that leverages digital innovations to enrich human experiences, ensuring that society moves forward together, inclusively and responsibly.

Link: https://www.weforum.org/agenda/2024/06/the-technology-trio-of-immersive-technology-blockchain-and-ai-are-converging-and-reshaping-our-world/?utm_source=pocket_saves

Source: https://www.weforum.org

Immersive technology, blockchain and AI are converging — and reshaping our world PlatoBlockchain Data Intelligence. Vertical Search. Ai.

Time Stamp:

More from Fintech News