New Delhi, Sep 5 : Technologies such as brain-computer interfaces, cell code and personal data ownership and decentralised commerce are just a few of the emerging technologies that are likely to transform the world over the next 10-20 years according to a recent report.Although brain-computer interfaces and cell-coding could bring about breakthroughs in how we treat diseases personal data ownership and decentralised commerce are aiming to restore power in the hands of buyers and sellers.
Technologies such as AI auditors as well as passwordless authentication safeguard against data breaches, cyberattacks and hidden biases as per CB Insight’s “Our Game Changers 2022 report.
Other technologies are poised to revolutionize the design of chips (neuromorphic computing) as well as measuring science (commercial quantum sensors) as well as electronics (lab-grown diamonds).
“Quantum sensors can detect the tiniest change in the surrounding.They are being developed to be used in a variety of applications – like underground mapping as well as medical imaging and are able to be smaller, more affordable and thousands of times more precise than conventional competitors,” the report mentioned.
AI systems, particularly ones powered by machine-learning (ML) are prone to data poisoning and bias (an attack that alters with the model’s data for training).
“With over 55 percent of companies worldwide employing AI and machine learning, these threats could cause massive harm across different sectors.
To limit the risks startups are adding software to AI systems to check and correct any issues in the data” these findings revealed.
Brain-computer interface (BCI) systems are able to detect and measure brain signals and convert them into commands for devices to fulfill the user’s goal, for example, making words out or moving a robot arm.
In the past digital platforms have held the personal data of consumers and have reaped the majority of the advantages when opportunities to monetise arise.
A new type of startups are harnessing Blockchain to restore ownership of data to the consumer and open new avenues for monetisation.
“The transfer of personal information from individuals to companies has been often unprotected and unappreciated, thereby creating conditions for misuse (e.g.breach of data, manipulation advertising),” the report included.
In decentralised commerce, sellers can tokenize physical goods and services using non-fungible tokens (NFTs) -giving buyers an electronic representation of the asset that they can later sell or redeem against physical assets.
When transacting via the Blockchain the two parties avoid centralised e-commerce platforms that typically take an amount, while preserving the transparency and integrity.
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