How to Enrich VR/AR Solutions with Blockchain Technology?
blockchain·@geneosio·
0.000 HBDHow to Enrich VR/AR Solutions with Blockchain Technology?
 Blockchain and VR/AR technologies keep disrupting industries. Yes, it seems like cramming all the buzzwords in one sentence, but these do open an immense potential to streamline business processes. By combining the benefits of these technologies, you can get a powerful solution, and here’s why. #### Why Combine VR/AR with Blockchain? #### The answer is simple: because this is the roadmap for a sustainable future. On its part, blockchain is expected [to reach a $5,430 billion market share](https://www.openxcell.com/few-interesting-facts-and-statistics-about-the-blockchain-technology) by 2023. And the VR/AR market is [to grow up to $215 billion](https://www.newgenapps.com/blog/6-vr-and-ar-statistics-shaping-the-future-of-augmented-reality-with-data) by 2021. The numbers speak for themselves, proving that companies will only continue investing big in these technologies. It means that the number of blockchain and VR/AR use cases will be growing exponentially, showing us ever more refined power of these technologies. **Blockchain** is a proven way to add transparency and security to business processes, as well as make them more efficient at the same time. At the core of the technology and, in fact, of its name lies a distributed ledger that creates a united chain of blocks. They form a decentralized database that requires no central server for controlling networks’ records and assets. In blockchain, each data record is unalterable as soon as it’s encrypted within a block. This way, storing and sharing data inside a blockchain system becomes fast and secure, since in order to violate the entire database, hackers would need to break into each block, which is practically impossible to do. When it comes to **virtual and augmented realities**, both have already gone far beyond their initial gaming and entertainment applications. Today, the VR/AR technologies drive effective processes in retail, creating immersive virtual experiences. Plus, they are seen as boosting employees’ productivity with hands-free headsets and smart applications, facilitating the manufacturing process and accelerating the effectiveness of inventory management. And now, let’s look at how efficient your organization can become if you combine all these technologies and leverage their advantages simultaneously. #### How to Make Blockchain and VR/AR Work Together? #### First, if you decide to streamline your business processes with smart VR/AR applications, consider blockchain as a new option to provide secure data storage and exchange between the application levels. You can safely store digital assets or virtual content in the records encrypted inside a blockchain network. As there is no possibility to change the data put in a block or to hack the centralized database server as there’s none, you may be sure your data will not be violated. Plus, you can decide who can access your network, making it either public or private and providing authentication keys only to the ones in charge. Another benefit of blockchain is smart contracts that can help you protect your copyrighted materials. Smart contracts cut out the need for third parties and let you showcase and sell your VR/AR content with no intermediary. Touted to replace lawyers in the future, blockchain-based smart contracts can help you deliver virtual presentations in a secured environment times faster and cheaper. The combination seems to be really powerful, but how to get started with blockchain and enrich your VR/AR capabilities with the advantages of a decentralized ledger? Luckily, there are lots of frameworks and platforms that make blockchain adoption a smooth process. [genEOS](https://www.geneos.io), for example, is one of such innovative platforms that can help you utilize blockchain to your maximum advantage. It allows organizations to develop and implement their VR/AR applications within a blockchain environment. As the genEOS platform is fully compliant with legal regulations, it will ensure transparent and safe data storage for your VR/AR ecosystem. Plus, you can generate a limitless amount of self-executing smart contracts in real time within genEOS to streamline your business transactions. Feel free contact the genEOS experts for a consultation and start accelerating your business with the help of a robust blockchain platform.
👍 syslic,