Interestingly, it is not a far-off assumption, that the way in which we communicate and access information will change dramatically. Considering how the internet had changed from the 1990’ to 2020, within this short period of time, the world had changed exponentially.
If it only took 20 years to advance so quickly, imagine how the internet, and the world for that matter, will look after 30 years. This is the center of this article, as we uncover how the internet will look by 2050.
Data and the great transition
We are all aware that data is the crude oil that fuels artificial intelligence. It is known that the more data AI is fed, the smarter, and more advanced AI will become.
We are currently living in a world whereby data collection is being stalled by regulations, and this impedes the growth of artificial intelligence. But, what if there’s a solution, one that goes hand in hand with regulations while maximizing the fuel needed to accelerate artificial intelligence?
In all honesty, AI is inevitable, whether the world accepts it or not. The advantages of integrating AI across all walks of life completely outweigh the current operational model controlled by human labor.
But by doing so, data is needed. This is where blockchain and web 3.0 comes into play. In theory, every human would have an identical digital twin associated with them, and all their data, and any data generated about the individual, would be stored on the blockchain, that is only accessible by them.
By doing so, our entire existence could become tracked, monitored, and analyzed constantly 24/7, without the fear of our data being abused by third-party organizations.
Our entire lives, duplicated into digital form, could then be streamed, with our consent, to AI-based companies that use our data in return for services, such as medical, lifestyle, travel, etc…
We may, someday, become a race that is governed entirely by AI, which runs off data that we control. Every individual would be able to stop/start companies from streaming their digital twin’s data at any time, with the knowledge that their data was never stored.
This breaks into a whole new industrial opportunity, that will create a surge in demand for sensors and IoT devices to be deployed everywhere. These sensors will be directly connected to the blockchain that will constantly collect data about an individual and add it to their digital twin.
The world will be bigger than we know
Within the next 30 years, the entire blockchain, web 3.0, and metaverse would have matured enough to the point that web 2.0 architecture may be something of the past.
As our entire livelihoods would interact within an artificial world that resembles something similar to a digital universe created as a secondary means of interaction.
Perhaps the interactions made within this digital universe would be far superior to that of ordinary life, resembling something of a sci-fi film. But, the underlying principle is, that the limitations on data storage, data accessibility, and physical location restrictions, would all be eradicated.
Once the world adopts this new approach, the way in which we interact will be completely foreign to how we interact today, and the underlying technology that will drive this will be blockchain technology.
The challenges we face
This future doesn’t go without challenges, and the blockchain industry is plagued with them. Many people have the misconception that blockchain was designed for cryptocurrencies. This is not true.
In fact, the blockchain has been around for numerous years, before the launch of BitCoin, but it was a great solution for P2P financial transactions, and that is what brought life to the crypto world.
The current issues we are seeing today, are the exact issues that need to be solved. Whereby people put too much emphasis on the value of a digital asset, rather than placing a value on the technology behind it.
In light of the LUNA & CELSIUS collapse, this is a good representation of this issue. These projects were designed to offer financial returns to investors, without a deep dive into their technological backing.
It is time people realize that the industry is technology-focused, not prosperity-focused, at least not yet, and with this realization, the industry could finally get on with what it was designed to do, and that evolve mankind into its next digital era.