The process of recording the information in such a way that no one can hack or change this information is Blockchain technology. It has become a digital ledger in transactions. We can easily duplicate and distribute it over a wide array of computers. There are lots of transactions in each block. When a new transaction is added, it records it on the participant’s ledger. The hackers can’t hack the Blockchain system. If they have to hack the Blockchain system, they have to hack all the blocks in this system. That’s why Bitcoin and Ethereum are continuously growing their blocks and increasing their security significantly.
Augmented Reality and Virtual Reality
Virtual technology is a computer-generated simulation. By using it, the users can interact with the artificial three-dimensional environment. They can interact with them using electronic devices and provide a realistic experience to the users. Virtual Reality VR is different from Augmented Reality AR. The main concern of AR is the graphical overlays. We can’t create a fully immersive experience by using AR. Virtual reality is a combination of two words. These two words are ‘Real’ and ‘Virtual.’ It means that it provides a real experience to the users. By using VR technology, they can interact with the real world. 3D movies are the best examples of VR technology. Blockchain technology can accelerate the VR revolution.
Nowadays, AR and VR are at the forefront of the revolution. It means that these technologies are growing at a higher rate. A few decades ago, this technology looked like science fiction. Most people don’t consider that it will become mundane in real life. Nowadays, it is present and flourishing in real life. We are using this technology in almost all fields of life. For example, we use this technology in the entertainment and education sectors. The travel industries are also making use of this technology. We are also observing the growth in its market value. The experts are saying that the market value of VR will reach up to $70 billion by 2024. Nowadays, its value is almost 20-30$ billion. They have observed this growth in the VR market based on various events in the world.
During the pandemic period of COVID-19, we have seen a boost in this industry. Due to the pandemic period, people want to get new experiences. Virtual reality has provided these new experiences to people. For example, we face the restrictions of social distancing across the world. Under such a situation, travelers can’t travel to new places. Most travelers can’t leave without exploring the world. Virtual reality provides a new experience to travelers. By using Virtual Reality, they can visit various places in the world. They can visit these places without any risk. Moreover, they can explore almost all the places in the world with the help of VR technology.
Blockchain Technology and its Role in VR:
We have also observed a bloom in Blockchain technology along with the VR industry. Blockchain technology and cryptocurrency have become the most popular players in the modern era. In 2018, we observed a collapse in the crypto market. Nowadays, it is fully recovered. The most important thing is that it is now in a better position than ever before. That’s why people have started to think about the combination of Blockchain and virtual technology. According to a dissertation help firm, they think a new technology era will start by combining these two technologies.
· Decentralization of VR Content
Blockchain technology plays a role in the decentralization of VR content. It is playing this role without sacrificing its protection. By using Blockchain technology, we can easily create a full-fledged virtual world. This world will be filled with the creations of its users. Moreover, it will also work on the rules that its users will create. It means that users don’t need to use the developers’ platforms. The users can live in such a world that works on its own. In this world, they don’t face any risk.
· Copyright Protection Techniques
Blockchain technology has also introduced copyright protection techniques in the technological world. For example, if someone steals credit from someone else’s creative work, it will record it in its Blockchain. In other words, to protect copyright rights, the users don’t need to depend upon the bureaucracy. This technology will provide an efficient protection system to the users. As a result, we can form a system of a united ecosystem across the world. This technology will merge with the most popular and profitable cryptocurrency market, increasing the users’ interest in this technology.
Victoria VR
Many examples in the world show the combination of VR and Blockchain. The most important example is Victoria VR. It provides user-created photorealistic content to the users. The users of Victoria VR can perform lots of activities. For example, they can visit tourist destinations. They can also participate in the meetings. It also provides an opportunity for the users to enjoy concerts and play games. They can perform all of these activities without the risk of traveling. Victoria VR is also allowing users to make money in the real world.
DEXIN Exchange
DEXIN Exchange has become an interesting platform for people as we know that we require some specific services for every aspect of the crypto market. The most important benefit of this platform is removing this kind of problem. It means that we don’t require specialized persons to perform all the tasks. This platform offers lots of services for the people. For example, it allows users to trade cryptocurrency. They can also stake various tokens. The users can also get easy access to crowdfunding. It means that you can avail all of these services in one place. The users can also earn passive income by using this platform.
Conclusion:
Virtual Reality revolution and blockchain technology are two interesting technologies that enhance how we live. Virtual reality has been around for decades but only recently gained prominence. Now, however, with advances in computing power, VR is enjoying its rise to prominence with devices such as Oculus Rift and HTC viva available for sale on the consumer market at an affordable price.
