Riding The Rapid Wave Of Disruptions, Rising Tech, And Global Crises

May 20, 2021 Tom Clark | Comments Off

We are living in an age of disruption.  Following the rise of the internet, the arrival of cryptocurrency and the Blockchain was the natural evolution society clamored to exist. In an age of rising tech monopolies, AI-analyzed and amassed user data, and the battle for privacy, Blockchain networks are the hope for the decentralization of designated financial and political power players.

More than ever, people can live their lives online, immerse themselves in VR, or impose AR on the real world. But in physical reality, climate change continues to alter the planet and dramatically impacts human and animal populations, despite the advances in technology. Life is only going to continue to reach a crescendo of exciting events, so buckle up and hold on tight.

Collision Course

Take a cue from Hitchhiker’s Guide to the Galaxy, and “Don’t panic.” It seems that only yesterday 2G was all the rage, and now the world is embracing 5G and faster everything. The pace of life seems to continue to speed up toward some unknown direction, and we can only hope that technology will not lead society astray.

Thanks to developments in the virtual world, algorithms, and AI, many users feel manipulated, anxious, and curious about what the future holds. Only Blockchain networks seem to offer reliable solutions for authenticated transactions, improved user security, and resistance against hackers.

It looks like tech has all the answers to humanity’s problems, but there seems to be more focus on entertainment, media, and go-to memes to escape the insanity. Climate change and the fight to get the world on board with sustainability in business, fashion, food, and housing to reduce ecological damage and impending doom is fragile.

Perhaps it is inevitable that society is heading toward a collision, but at what point has it yet to be determined. Despite all of the concurring crises striking the world, there are still some positive benefits to it all. Thanks to the problems presented by climate change, economic inequality, a shift to remote work, the Covid-19 pandemic, and an exploding population, great minds are coming together to seek actionable, viable solutions.

Let’s explore a breakdown of these significant events simultaneously hitting us from all sides. Look at the bright side; for humanity to grow and progress forward, challenges arrive to shake things up and force a reckoning. Disruption is part of the larger cycle of upturns and downturns that give rise to greatness, innovation, and make history.

The Digital Age

A Metaverse is establishing itself in our society. Daily business transactions, communication, and media are increasingly relying on users to be online to participate. The development of multiple layered and intertwined digital networks collects data and analyzes it via algorithms and AI every second.

Our world has forever changed since the inception of the internet and dial-up connections. Because of 5G, enthusiastic online gaming communities, and the push for decentralized monetary policies and financial transactions, the digital age is firmly here.

While the average person is still getting the hang of understanding how Blockchain and cryptocurrency works, NFTs have recently arrived on the scene. Instead of leaning on traditional forms of work and generating income, a new creator economy has come. Artists, writers, musicians, or interested parties wishing to sell a unique, authenticated item for money online can create an NFT.

NFTs or non-fungible tokens are similar to crypto, except it is a rare, commodifiable unit of data attached to a single token that is non-transferable. NFTs can be a single entity or a series of works released via a limited number of NFTs. Creators of an NFT maintain the rights and ownership of the sold data, but the value is in collecting an exclusive, rare digital item.

Rising fears regarding user privacy, security, and vulnerability to hacking as the virtual world expands and intertwines itself with daily life continues. However, users can trust in Blockchain networks that resist hacking and authenticate every transparent transaction. Any file created cannot be altered or deleted,  and all activities on a Blockchain network are copied throughout and authenticated.

Virtual reality is no longer a science fiction topic but exists in the real world. Emerging tech firms and video game companies are focused on developing reliable, high-quality immersive virtual experiences. Using VR and augmented reality, online gamers can enjoy interacting with digital worlds, buying virtual real estate, collecting skins and accessories for avatars, and connecting socially.

The world of gaming and online players is not the only group benefiting from the age of digital disruption and rising tech. Virtual reality and augmented reality technology have practical, real-world uses for manufacturing, medicine, the military, education, and job training. Instead of spending resources to support brick-and-mortar locations to conduct training, transactions, and tasks, workers or students can receive information via virtual spaces to achieve objectives.

Due to the increasing shift toward gaming, working, banking, and education online, it is imperative to create and secure a digital identity. The networks you use to support your activities online, fund your transactions and explore the virtual world become vital lifelines. Blockchain-supported networks are only the beginning, as more users get on board and access the internet.

Now, people are learning that they have to strike a balance between their physical and digital lives. Understanding cryptocurrency, user security, and preparing for future societal evolution with quantum computing can no longer be ignored.

Rapid changes in society are never easy to bear, especially when many factions of today’s world seemed to be unrecognizable in less than a year. Tech is not going anywhere and is intrinsic to the world marketplace, political clout, creativity, innovation, and the environment.

Due to the stress of climate change, there are some concerns about the ecological footprint of the internet and constant digital connectivity to devices. The servers that are used to support Blockchain networks and beyond generate a lot of heat.

Thankfully, countries like Iceland and Sweden are more forward-thinking regarding sustainable energy solutions. However, there is much work to be done. It is feasible to solve the slight problems with e-waste, energy distribution and demand, and a growing divide between the plugged-in and unconnected.

Sustainability And Climate Change

The ice caps are melting, summers are increasingly sweltering, and the water levels are rising. Meanwhile, you still have only one planet to live upon, and something needs to happen. Questions about who will take responsibility, global summits to reduce emissions and go carbon-zero, and how long it will take for humans to be 100% sustainable are still ongoing.

Following the industrial revolution, when the middle class and working-class enjoyed more disposable income, consumer demand skyrocketed for inexpensive goods and services. The rise of fast fashion, fast food, and instant gratification at the touch of a button using tech has exacerbated the ecological strain on natural resources. Consumers can learn how they can make SMART changes in their daily life to reduce their carbon footprint.

Working from home remotely, shopping locally, using public transportation, and supporting companies that operate sustainability is essential. Taking small steps as an individual can help reduce the pressure on the planet and one another.

Currently, most economic models rely on some form of action that harms the Earth, uses child labor, prison labor, or other unsavory elements to keep prices low. However, a shift to a more fair and sustainable egalitarian economic model can raise the quality of life for vulnerable populations and significantly reduce pollution.

The clock is ticking, and many countries vow to make positive changes for the planet and the survival of humanity by 2030, but it might not be enough. A lot of damage has been done to the world, to the point that climate change might be the cause of the Earth’s change in axis position.

Go beyond protesting, feeling anxious, depressed, or apathetic about sustainability and climate change. These concepts are not mere buzzwords or something that someone else has to take responsibility for its existence. We each have to be held accountable and do what we can to improve our society, so it can better respond and acclimate to the influence of climate change.

Rapidly Changing Marketplace

If you were curious about how people take advantage of virtual avenues to earn money online and the monetization of specific skills, read on. Thanks to the emergence of a creator society, today, people who make things can connect to anyone worldwide via the internet.

Using a digital marketplace, people can create and sell NFTs. You can develop and distribute your own cryptocurrency. It is possible to have complete strangers buy and distribute your art, writing, music, and rare digital files on the Blockchain. The limitations are up to your imagination and your digital wallet.

No longer are the traditional gatekeepers the only way that people can break into different industries. If you possess a skill or product that is in demand, you can make money online once you find an audience that wants to buy.

The creation of cryptocurrency and digital networks has created an opportunity for ordinary people with a bit of know-how to become the next generation of millionaires and billionaires. The digital artist Beeple may not be a typical result for anyone selling NFTs, but it proves there is a market for anything online at the right price.

Fashion And Gaming

The world of online gaming is a significant factor for the rapid acceleration of VR, AR, digital networks, and cryptocurrency. From esports to social VR games, players online are creating unique digital landscapes and real estate for sale. Users identify with their online avatars and enjoy bidding on exclusive releases of accessories, clothing, and power-ups for their game platform.

Among digital fashion and NFTs, Digitalax is a pioneer in the development and retail of 3D digital apparel. Online the platform of this boundary-crossing company, users can purchase one-of-a-kind skins and items for avatars and beautifully rendered 3D fashions in exquisite detail.

To participate in the world of digital gaming and digital fashion, users often rely on their digital wallets for transactions and to secure purchases. Beyond these two industries, other sectors of society are researching and developing methods to connect to and serve their target markets online.

The need for digital identities, secure virtual platforms, and high-speed connections to support faster rendering and data transfers is essential. Business interests continue to use AI and algorithms to learn more about their customer’s needs, activities, and anticipate behavior.  Any information gleaned also influences the wide availability of goods and services online.

Conclusion

It may seem like it’s too much to handle and accept, but this is the age of disruption. Technology is increasingly a necessity in our daily lives. The worlds of gaming and fashion design have a strong influence on the marketplace, societal ideals, and pushing advancements in VR, AR, and teaching AI more about human behavior.

Climate change is not going away, and the need for sustainability practices in all industries is an absolute must. Despite fears about user data, privacy, and AI to make shifts in how society is structured and functions, the Blockchain provides a potential haven. Welcome to the future; see you on the other side.