If you believe the hype, blockchains in the future will be used as a basis for everything. As an underlying protocol layer enabling mankind to track a variety of objects and events taking place in a complex array, blockchain offers an open and transparent way of tracking data. The pseudonymous key structure is said to ensure discretionary privacy and only quasi-traceability.
With its unique mix of cryptography and a distributed ledger, blockchain technology has social and technological infrastructure implications. But, where does this nascent technology fit in when it comes to the future?
A San Diego-based company called Nanome is finding out by merging the tech behind bitcoin with virtual reality on its custom Matryx blockchain platform, which is currently offering a limited time token sale of its native crypto-token, ‘MTX’. By focusing on user addresses at the interface layer, the company is fusing virtual reality and blockchain’s addressing system to create a new kind of experience.
“The blockchain is great for keeping track and making sense of data, while integrating it into financial technology, IP creations, financial transactions, and more ” Nanome founder and CEO, Steve McCloskey, tells The Next Web. “It comes into play for us when keeping track of things on a peer-to-peer basis.” Attribution, thanks to the immutability of blockchain technologies, is maintained automatically on the Matryx platform.
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“The blockchain serves as a security and identity layer that follows you wherever you go,” says McCloskey, who graduated from the world’s first University nano-engineering department at UC San Diego.
The CEO pictures a future world in which individuals and entities bring their identity with them between digital platforms. “When using Matryx tokens to complete various tasks on our platform, you want to have your identity with you. In many ways, the virtual world is like the physical world, and there is no reason you shouldn’t enjoy in the virtual that immutability of self identity you have in the physical world. Once you have that, you can enjoy a seamless experience across digital platforms, just like you experience in the town where you live. In the metaverse version of the future, you might come across a friend in multiple virtual experiences.”
On Matrix, Nanome is working under the premise that virtual reality is blockchain’s killer app. McCloskey sees already how many VR companies are already integrating cryptocurrency. “These early adopters are likely to shift the industry landscape and build decentralized VR applications in the near future,” he believes. Matryx advisor Benjamin Bratton sees a platform like Matryx as a key piece to what he terms, “planetary-scale computing.”
A Professor of Visual Arts at UC San Diego, and oft-published author, Bratton contends blockchain technology could help propel the world towards digital self-sovereignty. “Putting innovations on a block-chain in such a way that they can get used in dynamic and unpredictable kinds of ways is the way ideas work,” said Bratton in a private YouTube video shared with The Next Web by Nanome. “It’s the way culture works and so it just makes sense that this would be the way in which we work and I think it will be successful because it succeeds at this level of first principles.”
He adds: “The blockchain is more a high resolution way of sensing, indexing, and calculating value. That’s a game changer.”