In the 90s, the internet was just bursting onto the scene bringing a whole world of new possibilities with it. At the time, it transformed people’s lives beyond recognition and quickly turned the pre-web era into the dark ages.

New business models emerged and people were suddenly able to do things that were beyond their wildest dreams, like send an email to the other side of the world in a split-second, or find the address for a shop without having to flick through the local directory.

But now the internet is kind of old hat.

Since the initial furor, we’ve had all sorts of new technologies, applications, and platforms pop up, from social media channels that let us share our opinions with the world to video streaming services and more.

VR and Blockchain the New Future of Tech

Today, nothing seems impossible but it’s also difficult to imagine what’s next. In the last decade alone, we’ve become accustomed to having our digital worlds with as at all times in our smartphones, and we’ve seen the emergence of AI amongst many, many other things, which means that anything could happen next – and we wouldn’t be surprised.

The Dawn of Blockchain

Blockchain is one of the latest tech trends to pick up mainstream attention thanks to its ability to add a new way for content to be distributed, stored, and monetized.

This alone is enough to shake up the world, but pair it with a mind-blowing tech like virtual reality (VR), and you have something that has the potential to change everything.

For starters, it’s completely changing the way people consume entertainment; the way they’re watching films, reading the news, and getting involved on social media.

But as well as changing the entertainment industry, it’s also changing the business world and everything in between.

Think about it: with these two technologies combined, people might soon be able to view products in a 3D environment before buying them with cryptocurrency with a single click.

VR and Blockchain - the New Future of Tech?

The try-before-you-buy system could help businesses shift more stock and help consumers determine whether an item is the right fit (which also means less returns, which is great for everyone involved).

But, while it’s easy to imagine futuristic situations like this, there are other benefits that stem from the marriage of VR and blockchain technology that aren’t as whimsical or attractive.

More Power to Content Creators

Copyrights are all over the place at the moment. It’s so easy for people to duplicate and upload content that it’s difficult to trace where a meme or a viral piece of news started from.

But, with blockchain, it is much easier to protect copyrighted materials.

In practice, it could look something like this: you get your VR headset out, download a movie with a smart contract and, once you’ve watched the film, the smart contract is terminated and you are unable to access the film again unless you pay for it.

Every time a VR movie (or any other piece of content for that matter) is uploaded to the blockchain, it has to be accepted by the network.

In order for that to happen, the creator has to be identified and their name is then attached to the piece of content forever. This means that attempts to upload other versions simply won’t work, because the network will already know who the original creator is.

VR and Blockchain are the New Future of Tech

This will also make it easier for the content creator to get named and paid for everything they upload without needing to get third parties involved.

When a piece of content is uploaded to the blockchain, it becomes near-on impossible to duplicate it (much like trying to copy a bitcoin which is completely not do-able). This means that all content like VR games, movies, and other content will be able to retain their copyright, giving the power back to creators.

The Most Exciting Part About the VR and Blockchain Marriage

While copyright is a concern for a lot of internet users – particularly those that regularly create and upload content – there is something that’s a little more exciting to talk about when it comes to VR and the blockchain, and that’s immersive worlds.

VR technology has come on leaps and bounds since it first emerged into the world, and it now has incredible capabilities that we never thought possible.

The ability to disappear into a completely different world is a big draw for many consumers.

Think about it: imagine endless, digital worlds where everything you can possibly imagine can come true. Sounds like a utopian dream that’s only made real in the movies, right?

Wrong.

We’re closer than ever to creating realistic replicas of the world around us and digital renderings of places that only exist in our imagination. VR will help us bring our wildest dreams to reality without having to leave the comfort of our own homes.

VR and Blockchain the New Future of Tech

Today, there are plenty of apps, games, and software that let users immerse themselves in another reality, but the sticking point is that they’re centrally owned by one company. This means that, if that company goes bust or decides to close shop, the virtual worlds they created will go with them.

Enter the blockchain, where everything is decentralized – meaning no one company is in charge. The VR worlds that are uploaded onto the blockchain will be there forever, allowing users to dip in and out as and when they please.

This idea of decentralized virtual worlds is exciting and quite possibly one of the most mind-blowing prospects to stem from recent tech escapades. Add to that the ever-evolving entertainment industry that could see VR become a permanent fixture in the not-too-distant future, and the idea that blockchain can help creators get recognition for their contributions to the world, and you have a match that might just be made in heaven.