The Top Emerging Technologies to Watch for in 2019

The Top Emerging Technologies to Watch for in 2019

The changes in technology are so rapid today that while you are still getting to know a recent advancement, another new technology is already out there. The speed at which the world of technology is evolving is exponential. The businesses based on technology don’t evolve at the same rate but they still are developing at a good pace. To survive in the modern world of business and technology, one has to be constantly in the process of learning.

To be updated with the latest trends is not a choice anymore but a necessity to survive. Therefore, if you are a business that depends extensively on the latest technological advancements, you need to stay updated. Here are 7 emerging technology trends that you should watch in 2019 to stay at the top of your game.

  1. Artificial Intelligence

Artificial Intelligence (AI) is a hot topic and there is already enough buzz about it. AI is changing the way we see the world and interact with it. It refers to computer systems that are capable of mimicking human intelligence and perform tasks in a manner similar to humans. This includes image recognition, speech and pattern identification, and decision making. The technology is diversifying and its branches like machine learning are developing into an industry in itself. AI is set to revolutionize not only the world of business but that of a common man too.

 

  1. Machine Learning

What once was conceived as a branch of AI, is now slowly making its way to become an industry in itself. It refers to the ability of computer systems to learn from their past behaviors and performs tasks which they were not originally programmed to do. Data analysis and insights form the basis of machine learning and it is giving birth to neural networks, natural language processing (NLP), and deep learning.

 

  1. Blockchain

Blockchain is much more than cryptocurrencies, unlike what it is generally thought of. It is a chain of data which can only be added to and no changes can be made to previous blocks of data once added. It is a decentralized system with no one node approving all transactions across it. It is a revolutionary technology that is diversifying and is finding applications in almost all sectors. Still, in infancy, blockchain has the capability to dominate the world.

 

  1. Virtual and Augmented Reality

Virtual reality (VR) refers to a technology that immerses the user in a life-like virtual environment. For example, 3-D video games and virtual adventure simulators. Augmented reality (AR) refers to technology that enhances the environment. For example, Pokemon Go game. Both these technologies are likely to find huge applications in entertainment, education, marketing, and rehabilitation.

 

  1. Robotic Process Automation (RPA)

RPA is another technology that is automating jobs. It makes use of software to complete the business processes like interpreting applications, processing transactions, and even communication like replying to emails.

 

  1. Internet of Things (IoT)

The term Internet of Things (IoT) refers to technology where the household smart devices like TV, AC, or even fan can be controlled via the internet. This enables the users to control these devices from even a phone and exchange data. This is why new devices come with WiFi connectivity.

 

  1. Cybersecurity

Lastly, cybersecurity is likely to evolve to become more robust. It is not something new but frequent hacking makes it a field that needs regular updating. As long as hackers are there, cybersecurity will keep evolving.

 

While technological advancements in 2019 are not limited to the seven technologies we discussed above, these domains have the most potential at present and in the foreseeable future. For a business to flourish and grow, it is important to stay updated with these latest trends. Since businesses in the above-mentioned fields will see the most development, they are likely to produce a maximum number of jobs. It is, therefore, in the interest of people working in IT to start gaining these skills in order to have a bright future ahead. Keep watching this space for more insights or get in touch with us at MarkSpace now.

What to Expect from Blockchain in 2019

What to Expect from Blockchain in 2019

Blockchain evolution is slow but revolutionary. It will not be wrong if we call it the most groundbreaking technology of the 20th century. The technology, although still in infancy, has already broken many limitations and is emerging as most sought after the technology of the modern era. As compared to other technologies, it still has a huge scope for development.

This article discusses the emerging trends in blockchain and what can be expected from it in the upcoming year. Businesses new to the world of blockchain should watch for these trends to make the most of this technology in 2019.

  1. Rise of Security Tokens

We know ICO tokens. They are the tokens an organization offers in order to raise money for their project. They were much talked about in last year but nearly half of them turned out to be scams. This is why investors lost their interest in them. Security tokens, on the other hand, are regulated, unlike ICOs. They protect the rights of the investors and are a lot more secure. It is comparatively a much transparent solution for the organizations as well as investors. Therefore, in 2019, we can see a shift from ICOs to STOs.

 

  1. Blockchain Interoperability

2019 can witness improvement in blockchain interoperability. There are different blockchain networks and the number is increasing. Increased interoperability allows better information sharing across different networks. This makes them more practical for use by common people. The technology already exists and this year will see improvement in its working. The benefits include communication between two blockchains without the need for an intermediate and ease of transactions on other blockchains. The vendors are already working on making it more efficient and effective.

 

  1. Blockchain as a Service (BaaS)

A number of startups have their own blockchain solutions. However, it is not always possible for everyone to create, maintain, or manage these blockchain solutions. Blockchain as a Service (BaaS) is here to end your woes. It is a cloud-based service that makes it possible for the customers to make their own blockchain-powered products without the requirement of setting up, managing, or executing blockchain-based infrastructure.

 

  1. Hybrid Blockchains

Another trend to watch in 2019 is hybrid blockchains. It is best of public and private blockchains and brings the best features of both types of networks at one place. The best example is government networks that cannot go private completely and at the same time, they need to be decentralized and public only to some extent. Hybrid blockchain is the solution for such scenarios. It offers transparency without compromising integrity and security.

 

  1. Ricardian Contracts

The Ricardian contract can be defined as a human-readable legal agreement which gets converted into a machine-readable contract once both the parties have agreed on it and signed it. It is one step ahead of the smart contracts and removes the limitations of them. It is a secure way to get legal contracts that are signed and verified cryptographically. It is one of kind solution as it is understandable by humans and machines.

 

  1. Boost in Stable Coins

Boost in stable coins is anticipated in 2019. Cryptocurrencies are volatile and therefore, the need for stable coins. Unlike cryptocurrencies, stable coins have stable prices and are immune to market conditions. They stay stable at all times. Tether is one example of a stable coin. These are mostly backed by fiat currencies but there are others that are backed by commodity or cryptocurrency.

 

  1. Federated Blockchain

Another interesting thing in blockchain to watch in 2019 is federated blockchain. A federated blockchain is just like private blockchain but there is a twist. It operates under multiple authority rather than a single, however, the authority nodes are selected and approved by all organizations on the network. It can find significant use in financial services, insurance claims, supply chain management, and more.

Blockchain technology is at the verge of many breakthroughs and 2019 is expected to see a good number of them. After all the ups and downs, blockchain is still strong and here to stay. This is the right time to go for it, if it is on your mind. For any questions or more information on the blockchain marketing solutions, contact us at MarkSpace Media.

The Emerging Trends in Blockchain

The Emerging Trends in Blockchain

Cryptocurrency is going through rather a low phase but the popularity of blockchain is growing nevertheless. The world has been skeptical about this technology since its inception. However, blockchain is here to stay. If we go by what the industry experts say, the blockchain is set to take the world by storm in the years to come.

Blockchain has a wide range of applications and cryptocurrency is just one of them. More new applications with blockchain as the underlying technology are coming into existence every day. For someone who wishes to explore the world of the blockchain, here are some trends to watch out for. If you have a startup idea that can benefit from this technology, you might want to know the future of it.

  1. Businesses are now keen on blockchain application.

Industry experts are of the view the enterprises are seeing a key shift happening when it comes to blockchain technology. Earlier, the businesses were only exploring it to see the potential of it but as of now, more and more businesses are actually considering the blockchain application. This shift, therefore, indicates that the technology is now receiving wider acceptance. Not just that, the technology is becoming stronger and confident.

  1. There is a surge in practical blockchain applications.

Businesses are now applying blockchain technology practically to their present business models. A study has suggested that over 74% of the businesses can practically deploy it, although only a few of them are actually doing it. The number, nevertheless, is increasing. Blockchain application is definitely on the cards for most of the major businesses today. Many organizations are testing the technology and considering the implementation at the earliest. Traditional business, showing a slow approach towards the adoption, will also soon be ready for its application.

  1. The gap between blockchain hype and application is a problem to watch out.

There is one problem that is emerging in the world of the blockchain. It is the gap between the hype and the application of it. The issue here is that technology has been seen as very powerful but not many people are able to see the real world benefits of it. For them, it is nothing more than virtual reality with no practical application.

Though it has huge potential, this gap is hindering the popularity and hence, the application of it. However, there are many who understand how practical this technology is and finding the ways for the common people to see those benefits.

  1. New businesses adopt blockchain easily.

As a matter of fact, as compared to the already established business the new businesses are finding it rather easy to implement blockchain. For the legacy businesses, it is causing disruption. The new businesses are growing fast using this technology. It has been observed that these businesses can apply the technology as the underlying business model and not only to supplement it.

  1. PR is benefiting from blockchain.

The PR sector is benefiting hugely from blockchain. The credibility of the technology is making it is easier for the people in PR to pitch to the media or reach out to an influencer through social media. Using the technology, PR services are increasingly being made available to anyone with a story to tell. This breaks the trend where only a few wealthy companies could benefit from it. The technology is dissolving the absolute control by a handful of people. The concept behind the whole thing is to decentralize the PR industry while taking the complete benefit of artificial intelligence.

  1. Prime innovation source remains to be security.

The game changer for blockchain technology has always been the security that it provides in all its application. Therefore, all the innovation still happens around security. More and more entrepreneurs are finding ways to implement the security to the benefit of people.

A lot has to happen in the field of blockchain yet. Watch out for the new innovations that it will bring. Who knows what the world will look like once this technology has taken over?