Emerging Technologies in the Digital Universe
Scientists and business executives have classified recent developments in digital technology field into two important groups. The first one is expected to bring groundbreaking transformational changes and the second has potentials for value additions to business in varying degrees of value adding impacts in monetary terms. Until late 2015 Blockchain was regarded as a technology that has potentials to create high value impacts through industrial and commercial applications. This does not include all that is being talked about for dealings on cryptocurrencies. Blockchain technology is also known as distributed ledger technology (DLT), and hence will synonymously be used in this paper.

It is already a established fact that during foreseeable Industry 4.0 era 3D Printing, Autonomous Vehicles, Brain-Computer Interface, Artificial Intelligence (AI), Machine and Deep Learning, Robots and Drones powered by AI, etc. will bring in transformational impacts for the commercial world. Innovations in areas of Swarm Computing, Privacy Enhancing Technologies, Self-adaptive Security, Quantum and Cognitive Computing, etc. will contribute towards generating higher levels of business values.

All these developments are also being predicted to hasten the process of ushering in Industry 5.0, when customers and users of the technology will be able to customise the given digital facility for meeting their unique requirements, as compared to the programmed solutions, albeit versatile, being offered now. But not much is being talked about what will be their contributions for reaching the fruits of such technological developments to people at all levels of societies across all countries and for the overall wellbeing of humanity.

However, the said limited level of views and appreciation for Blockchain technology seems to have started changing. It is increasingly being considered as a technology with capabilities to create transformational impacts on industry trade and commerce, as we have experienced for the internet. Some thought leaders are also indicating its foundational impacts. Besides commercial and industrial applications, digital scientists are testing its efficacy across many kinds of applications, viz., environment and biodiversity management, resolution of impoverishment and related societal issues, protecting peoples’ rights, delivery of services by national governments, voting in a democratic political system, management of charities and donations, old age home and correction houses, improvement in lives of impoverish children and many more. The present author is of the perception that Blockchain technology will emerge as the powerhouse of Industry 4.0.
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