5G services are now becoming a reality and have been recognized as vital to the the 4th industrial revolution infrastructure. There is high level of enthusiasm regarding the impact of the technology on the impact that it will have in our daily lives now and into the future. 5G represents high-speed data transmission up to 20Gbps, hyper-connectivity, and ultra low latency opening up a world of opportunity and potential for true value generating services. The question then, is how can people take advantage of this technology to benefit their daily lives?
Table: Comparison of LTE and 5G Service
|Transmission Speed (Max)||1Gbps||20Gbps|
|HD movie download time||Approx. 16 seconds||Less than 1 second|
|Main service applications||High quality phone call
High video quality
Earlier this month, Italy’s national broadcasting station RAI reported on the industry leading 5G technology and services in South Korea, the special segment was aired all over Europe. A number of technologies and innovative companies related to bringing new value generating services in the 5G era were highlighted in the broadcast.
It was revealed in the RAI broadcast that among the numerous technologies today, AR (Augmented Reality) and Blockchain are vital component technologies to Industry 4.0. The development and adoption of these technologies in everyday life is expected to grow rapidly with 5G. AR and Blockchain technology will become a major value generating part of our daily lives, before we even know. Scanetchain, which is a company that has created an app that combines visual scan and search functions with e-commerce, advertising and search functions, presented their solutions in the RAI documentary.
The InXight app, developed and powered by Scanetchain, can digitally recognize any object, brand and image using AR technology both offline and online, without any additional equipment. By just pointing their smartphone camera at objects and images, users can access relevant content through AR technology, products and services can be directly purchased utilizing this service through familiar commerce platforms such as Coupang and Rakuten.
InXight users also have the ability to create their own AR content that can be shared with others users within the ecosystem as well on social media. Allowing users to create their own content enables a true decentralized open ecosystem where crowd curated content can benefit the greater community. There are many examples of the impact and benefit of crowd curation of data and content, one very well know example is the mapping service Waze, where crowd curated location data served the benefit of users utilizing the navigation services. In similar context crowd curation and creation in InXight adds an extra layer of searchable content and information beyond the database of content created by Scanetchain and their partner network.
The InXight app also introduces a new reward and incentive system, where all user actions and activities within the ecosystem are incentivized. Users will receive SWC digital asset token rewards for their interaction in the service, users directly benefit from their daily usage of the technology. Creating and uploading AR content, scanning to search, or communicate with other users, all of these actions are rewardable. Users can choose to use the SWC rewards to make purchases, use as a price offset, or even exchange for other crypto currencies or fiat.
The more that users utilize the service, the more rewards they will receive, thus creating a beneficial economic cycle where users can earn rewards for their activities and burn or use the rewards for purchase of products and services.
The blockchain based SWC digital asset token SWC is the native token of the InXight ecosystem. Users can receive SWC through the in-app incentive reward engine or they can choose to purchase and trade the token on a number of crypto currency exchanges around the world such as Kryptono Exchange
Like the InXight app, technology has now entered the realm of everyday life and anyone can experience the future technology of their dreams in their daily life through data communication, AR and Blockchain. In the near future, we can experience real life usage of technologies that were only imaginable in science fiction movies or novels. In a time where the 5G era is approaching and new AR and Blockchain technologies are being created, why not experience the future technologies that seek to improve the lives of users and the world around them?
The InXight app created by Scanetchain and introduced by Italy’s National broadcasting station RAI is will be commercially available on May 17th and available for download on the Google Play Store and App Store.