What Countries Are Doing to Secure Their Place in The Future Tech Marketplace
Various economies of the world have diverse ways of generating revenue. For some countries, oil is the major source of income. Others have found a niche in agriculture while some other economies are giants of manufacturing. No matter what an economy is known for, though, one thing lies behind all of their makeup – technology. That said, not every country is in the same space when it comes to tech. That begs the question of what economies are doing to secure their place in the future tech marketplace.
Tech to Look Out For
Before any country aims to secure their place at all, the must know what it is they are gunning for.
Drawing inspiration from current trends from all around the world, below are some of the fields to become highly contested in the nearest future.
- Artificial Intelligence – It has been a long time coming for AI, and it seems everyone is now giving it the kind of attention it deserves. With every passing day, there seems to be a new innovation which leverages AI to work. Living in a new world where data is almost everything has contributed to the growth of AI, and many nations are now trying to see what they can make of all the big data flying around.
- Blockchain – No, this is not the same thing as bitcoin. It is, rather, the technology that ensures bitcoin (and a host of all other cryptocurrencies) exist at all. What many might not know is that blockchain holds a lot more potential for the world than what we have seen.
Already, we can bear testament to the support this tech has given to bitcoin for over a decade, going on to state its financial importance. Besides that, proper harnessing can see applications in supply chain management, insurance, healthcare and just about any sector of the economy at all.
- Augmented Reality – This should have been up there with Virtual Reality, but AR is going much farther than VR. Unlike VR which is restricted to a world created for you, AR allows you to create a superimposed world of your own in the real world.
The interesting thing about it is that both worlds, so to speak, work side-by-side; helping you get the best out of the world as it is. Looking at how that can be applied all the way from entertainment to education and marketing makes it all the more interesting.
Lumped up in the same group as the above is the internet of things (IoT), data-driven healthcare, renewable energy and so much more.
What are Countries Doing to Secure Their Bragging Rights?
It should be understood that countries will always tend towards the kind of tech that fits into their profile, so to speak. Of course, this would mean the existent level of technology on which a better infrastructure can be built, but it goes so much beyond that.
In China, for example, the ban on ICOs would be seen as rather harsh. In a communist economy where the state wants to be in charge of almost everything, though, that is just logical. After all, such decentralized currencies will take the money and power away from the banks.
Left unchecked, the ICOs go against the way the Chinese government always wants to oversee almost everything – if not everything – happening within the country. However, they are still a force to be reckoned with when in manufacturing technology.
On the other side of the coin are countries accepting such changes with open arms. Taiwan is one of such regions of the world, and they are on the road to becoming a blockchain island for themselves.
This is possible because the government has opened its arms to the prospect, and that could shape the future of a country that has started falling behind its peers in the last decade or so.
The US and many other European nations have been known to focus on computer technology more times than not. This is not changing anytime soon, considering the barrage of patents being filed daily. That is most probably were the best chips, AR technology, and such other computer-based innovations would rear its head from.
For proper adoption of new tech, there has to be a driving force for the nations involved. Jason Hsu from Taiwan – a tech enthusiast before becoming a congressman – can be lauded for the move that is setting Taiwan on a new path.
There are such other pioneers and visionaries from other countries in the world, but it remains to see if their ideas are given any thought to.
As of now, everything is still in a potential stage. In about half a decade to a decade’s time, give or take, we’ll know which countries made the right calls.