Here is an important question: have you been living in a cave for the past couple of years? Assuming the answer is no, then you have certainly noticed how insanely fast the world moves nowadays. If your answer is yes, then please find a decent apartment, but first read this article. But whether it’s a yes or no, this article will update you on the upcoming trends of technology that will form our new upgraded future.
For the past couple of decades humans have evolved and restructured the definition of computer science. New advancements trend everyday which shifts global fields and effect the entirety of humanity. Top tier minds have helped include high tech breakthroughs in various ways.
Predictions on new world leading technology including devices and sciences have been made based off several limitless inventions currently going in development to paint us a whole brand-new portrait of the works of the future of modern world.
The achievements that we can reach by developing a whole new landscape of computer science to create a better new world. In order to be inside the new world, we have to think ahead of the reform of the simple gadgets that we use daily into a complex sciences and industries before they radicalize traditional fields into much more evolved ones.
This creation of the new world has already started for the past couple of years. The pandemic hit us in the peak of innovation which made technology go through a speedy growth that has never been witnessed in the history of the world as it interrupted our way in life which in result forced us to progress out of normality into huge discoveries.
Trends have spread and began to confirm predictions of the new world led by computer intelligence and highly creative inventions that will shift the whole course of history of all humanity. We have here three of the most popular advancements in computer science that recently have been successfully and majorly increasing in adaption into our daily use, which is now indicating the next changes in our lives.
As previously mentioned, one of the things connected to cryptocurrency is blockchain. A brief definition of blockchain is that it is a digital, decentralized ledger that records blocks of information and data and chains them together, distributing all data across multiple networks. Some of the edges of this new data storing evolution that is the distribution of data instead of transfer or copy. But how is that an advantage?
The distribution of data across all bases and networks creates a highly secure and reversible record of assets. Any stored data on blockchain is unshakeable and immutable which preserves the integrity of the information and creates trust in assets. Blockchain is a truly promising technology, and it is believed that it will replace all of current digital transactions. It has already started entering the world especially in business, finance, and health care.
A simple example on how blockchain has already began revolutionizing all aspects of data records, IBM (International Business Machines Corporation) is partnering with multiple global food suppliers and chains to use the blockchain technology for food safety regulations.
Which means that all data of the origin and the process of production is accessible by all growers, suppliers, consumers, processers, retailers, regulators, and distributors. Some of the partnering corporations are Nestle, Walmart and Dole. This access with enable all members of this ecosystem to follow the source of the contaminated food or product in a very short and quick amount of time to remove the products from shelves and ensure all product’s safety and integrity. Blockchain is aspiring tool that will reform our future life and replace nearly every used way in storing data, make it faster, easier, reduces risks and make data accessible.
Cryptocurrency is one of the leading trends that the world has burst up in 2021. Beside this fact, many different reasons lead us to believe that cryptocurrency is only going to get bigger from here and form a new future. Not only necessarily in finance, but also possibly replace all the paper currencies we use today.
In order to join this new financial future, we have to learn what is cryptocurrency, what makes us think it’s even still relevant in the future and what future is that. Cryptocurrency is a virtual or digital form of currency. It has the specialty of portability for its non-physical form, it is much simpler to transfer internationally regardless off the geographical restrains. One more quality that cryptocurrency is praised for is its high security and reliability. Why is it highly secure and protected?
The reason behind that quality is that it is different from traditional currency’s security. Usual currencies that are used now are controlled by banks which makes it physical and open for theft. Banks spend insane astronomical amounts of money on securing their assets in vaults and the physical currency they contain. Cryptocurrency in that way is a solution to the danger of loss due to robberies. Those are resulted because cryptocurrencies are mostly distributed on multiple networks that are formed on what is called Blockchain Technology.
To fully comprehend the concept of cryptocurrency and its features, you have to know what blockchain means. Blockchain is a decentralized data base that revolutionized the entire industry of storing information. The function of blockchain relies on one aspect and that is storing data. Precisely it stores data on multiple blocks that are tied or “chained” to each other. The way blockchain offers the security specialty in cryptocurrency is by spreading out the saved information on multiple devices.
Take Bitcoin as an example to illustrate this function. Bitcoin is definitely one of the most popular
cryptocurrencies in the world. The reason behind that popularity this cryptocurrency is because it utilizes blockchain which decentralizes it. The decentralization bans any entity of taking control over bitcoin instead of it being controlled by governments and central banks the way traditional currency is being taken charge of. Why is that trait of cryptocurrency is important?
People who know nothing about finance and economics might wonder. To shed the light on that answer to that question, here are some recent statistics of the amount of physical currency more specifically US Dollars that exist in print. In the data displayed from the Federal Reserve System’ Board of Governors, we notice the increase of printed pieces order per year has increased in 2020 and 2021. This unusual and unprecedented demand for currency was caused by the Covid-19 hit in 2020.
The narrow measure M0 which is physical money and bank reserves rose from 3.44 trillion dollar to 4.8 trillion from January to August 2020 which forms a 28 per cent leap. As where the broad measure of the dollar stock which is known as M2 at the start of the year 2020 was $15.34 trillion trillion and escalated to $18.72 trillion in September that year.
This data shows that nearly fifth of all US dollars were created during the covid-19 pandemic, the percentage of that is the money printed in 2020 contains about 18 per cent of total supply of dollars. The covid-19 strike on the economy combined with the increase in USD money supply will damage the value if the US currency compared to other currencies. To sum up all of these extended statistics, cryptocurrencies – like bitcoin – exist in limited amounts only, there are only 21 million bitcoins in existence, which is a huge advantage.
Cryptocurrency is the top of the mountain of innovation and advancement of technology that is highly succeeding for its many great traits and upgrades. It is currently THE TREND to get behind. A funny but mind-blowing example of how popular cryptocurrency is now: Dogecoin.
The hilarious dog expression on the logo of dogecoin is what started what is now the fifth largest cryptocurrency in the market. The story of dogecoin is the perfect example of the explosion of cryptocurrency that will continue in our future.
Simply, dogecoin was created by two software engineers, branding it with a popular meme at the time that shows a dog face with a mispronounced word “doge” which is where its name came from. The purpose of it was purely comedic and sarcastic as it was only a joke on Bitcoin, how ironic is that?! Nevertheless, the second it hit reddit users and cryptocurrency enthusiasts it gained more that 5000 per cent in 2021. The joke went on as Elon Musk expressed that its his favorite with a promise to plant an actual dogecoin on the moon. Despite the satirical nature, dogecoin has indicated how huge of a role cryptocurrency is going to play in our future.
– AI (Artificial Intelligence) Technology
The third and probably the scariest and mind-blowing technology that will rule the future is AI (Artificial Intelligence). By definition, it’s basically stimulating the intelligence of a human being in a machine, programming it to imitate and mimic humans’ actions. Artificial Intelligence also applied in machines that are capable of exhibiting traits only human minds can perform such as problem solving, reasoning, and learning, freaky right?
An important subsection of Artificial Intelligence is ML which stands for Machine Learning. Machine Learning is a reference to the concept of programming computers to be able to automatically learn and adapt to new information and data without the assistance of human beings that is accomplished by a method called deep learning, which essentially is a technique that works through allowing the automatic learning by observing myself amounts of unorganized and unstructured data such as images, videos, or texts.
Ray Kurzweil, futurist in the 1990s shared multiple predictions on artificial intelligence. Out of 147 productions that he made 87% proven correct starting from 2021. artificial intelligence application begun to conquer the world starting in 2020s. Get ready because here are some of the predictions of AI:
- Clothing and house modules will all be printed via 3D printers starting from the 2020s.
- By the 2020s, food will be grown by virtual agriculture. Hydroponic plants replace vegetables and fruits. Meat will be replaced by using vitro cloning from muscle tissues.
- Machines will be able to think at human level (the Tuning test) by 2029.
But all of these are predictions, lets get to the real numbers of statistics from previous years that prove the AI power.
- 270 per cent is the growth in number of the businesses that have implanted Artificial Intelligence in four years.
- $267 Billion is the number the global financial Artificial Intelligence market is expected to reach by 2027.
- Boosts in production have been reported by more than half of the businesses that have adapted Artificial Intelligence in 2018.
- One in four sales teams have been using Artificial Intelligence in their daily work in 2019.
- The Artificial Intelligence implantations in organizations have resulted in cutting costs by nearly 44 per cent in 2019.
- Every nine in ten businesses have current investments in Artificial Intelligence in 2020.
- Eight billion Artificial Intelligence powered voice assistant is the number forecasted to reach by 2023, meaning a 146 per cent increase of 2019.
The rapid movement and evolvement in the world of technology is completely and fully mesmerizing. The predictions and hopes of advancement that humans have been dreaming about is finally arriving and it is fast. Aside from destroying the planets all these trends are going to fix and repair what is broken and upgrade what is old and traditional. There is no waiting in this world, it doesn’t stop, and we won’t stop until we have reached Mars, which have already been planned for by the way!
All things will change in the next couple of years, we have nothing to do but to adapt to it and learn how to manage with all these mind-blowing and almost scary trends. 2022 is going to be the start of a whole new era that have never been reached before in the history of humanity on earth. One last question to ask yourself, am I ready to live in the new world?
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