Towards a technology revolution… Rate hike expectations and the variant effect are the phenomena we normally follow. However, there are different variables on the high-tech side of the business, and these are obviously about a revolutionary transformation. It is not difficult to foresee that data and virtual reality will be global trendsetter in the new era. We will see that many authorities, institutions and companies will get serious about the metaverse and integrate new generation virtual internet-based technologies.
Metaverse… In the implementation plans of Beijing's five-year plan published in March, the Shanghai local government created a plan that includes promoting the use of metaverse in public services, business offices and other areas. Well; China's largest city is getting serious about the metaverse, the technology that has captured the attention of the masses this year for its potential to create the next generation internet. In the working models, a transition towards the use of virtual reality is being tried, this transformation will give you an office experience in a virtual world consisting of three-dimensional avatars, as if you were in your office in simulation glasses at home. You will even have remote meetings with your colleagues and managers as if you were sitting next to each other with the metaverse. With the application of metadata base in areas such as public services, business offices, social entertainment, industrial production, production security and electronic games, virtual reality will cover an important part of our lives. Which of us did not really want to take part in the computer game? (I thought of the guy wearing virtual reality glasses on the cover of Iron Maiden's Virtual XI album. The theme of the album was virtual reality and a concept was created about computers taking over our lives).
You can also consider non-work activities. For example, selling land in the Metaverse universe… Many people's dream is to settle in a coastal town or rural area when they retire. Personally I can't do it in the countryside because of the bugs and reptiles, but caravan life can be nice. However; For example, I am more interested in wave surfing, rafting or bungee jumping in the metaverse world. I expect the part that looks more like the Matrix than the part that looks like indulgence. As Laurence Fishburne says in the movie: "Again." Exciting…
Performance comparison with Nasdaq technology index, Dow Jones and S&P during and after the pandemic period. Source: Bloomberg
Research and development... Facebook changing its name to Meta in October, Microsoft co-founder Bill Gates saying he expects most virtual meetings to move to metadata in the next two or three years, Baidu holding a metaverse conference... Post-pandemic in science and technology; While seeking trust, the transformation takes place rapidly in the creation of a database and virtual reality world, and no limits are set. This partly comes from the need for security and comfort. Research and development of core technologies, including real-time interaction and blockchain, will advance.
Using databases… Effective use of databases is important for global competition. The reach of platforms such as Facebook, Google and Twitter in data usage enables them to be more controlling in building market power. Its central, publicly available databases will ensure that what is happening on the Internet is not limited to a few large companies. It's good in practice, good for information sharing and access, but a security concern. This is why decision makers will address the issue of virtual fraud, unauthorized data and cyber security. A central entity that opens everyone's data may not be desirable. Of course, there is a segment that is not bothered by being familiar with the crypto market.
Conclusion? The pandemic period has actually accelerated the transformation and progress of new technologies. After the virtualization of work and entertainment comes out of necessity, serious investment will be made in this part in the post-pandemic period. These sound like abstract terms at first. Cryptos were like that at first, but project-based cryptos are undermining this. We see that the investment is not limited to the physical world in order to exceed the limits. The breakthrough made with the industrial revolution comes with a similar technology revolution and we are exactly in this age.
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