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Infosys CEO Shares Metaverse & Blockchain to be a Focus Area
CEO also discussed the real-world applications of the metaverse, predicting that the advancing technology will enter the manufacturing and retail sectors in the “early days”.
Commenting on blockchain technology, Parekh stated Infosys uses blockchain during payment transactions between countries and institutions, stating that the fundamental technology of blockchain is very important.
To satisfy our hunger for this curiosity, NFTs (Non-fungible tokens) that run on blockchain was introduced. Since they’re based on blockchain, they are completely secure, and anyone can view the owner's information and the entire history of any NFT.
There might be a few questions in your mind, like where can I sell NFTs? Are they only for celebrities and millionaires? Can I use it for my start-up or small business?
The short answer is that this varies across blockchains. We’re going to take a closer look at smart contracts in the context of Ethereum and in the context of Solana - where they are referred to as “programs”.
On both of these blockchains, tokens are issued using smart contracts (on Ethereum) or programs (on Solana). How they are issued is very different.
Web3 is a mix of emerging technologies such as artificial intelligence, machine learning, blockchain (DLTs), IoT, and VR & AR. They blend together to provide the ultimate experience and control to the end-user.
Automotive Industry Using Blockchain Technology
We are here to justify why blockchain development solutions will be beneficial for the automotive sector. Let us dive in!
Autonomous Vehicles
Ride Sharing
Ownership Sharing
Supply Chain Management
Quality Maintenance
There is no end-point when it comes to inventions that improve our daily lives. We will be able to see a completed advanced version of automotive in the future where blockchain will be an essential element. The time when future projects like Metaverse and Web3 hit the market, we can expect more betterment in the automotive Industry. Need an assistance to upgrade your industry into Metaverse and NFT marketplace development service.
