The goal of Blockchain is to allow digital information to be recorded and distributed, but not edited. In this way, a blockchain is a foundation for immutable ledgers, or records of transactions that cannot be altered, deleted, or destroyed.
With Metaverse, the possibility is of an ever-expanding network of shared and interactive spaces that could function as an add-on to the existing digital sales channels, further becoming ecosystems in their own right.
Artificial intelligence has come a long way since its inception in the early twenty-first century, with areas such as data science, machine learning, robotics, and business intelligence reshaping the digital landscape.
The digitization of communication has pivoted the customer to the centre stage as never before. Social media and its power to sway opinions have turned the tables for organizations.
Digital Darwinism played a critical role in pushing companies to adopt technology and take the buying-selling experience to the next level by connecting with customers emotionally.
Blockchain is bringing transparency in the fashion industry supply chains, tracking the welfare of factory workers, and transferring the ownership of digital fashion, among many other use cases.
Big players like Amazon and eBay have already started investing in Blockchain technology to remove the dependency of middleman, and third-party organizations from their business model.
New emerging technologies such as AR and heads-up displays will drive transformation in the user experience and reset the expectations from a mobile edge device
Blockchain technology will also guarantee a more transparent supply chain with consumers having access to all the information to determine whether a product meets their standards.