11th May 2021
One of the key straws that kept the global economy afloat in 2020 was the overall digitalization and technological support for business, and no matter how much turmoil the world experienced last year due to the pandemic, the next five years (2021-2025) offer hope that the global economy will recover sooner through modern technology. So, what technologies will be trending globally between 2021 and 2025?
As many know, Blockchain is a distributed system for storing records that can be accessed by anyone on the network. The records entering the system form so-called blocks, which, in turn, are linked together into a single chain. Hence the name — Blockchain.
Now, more and more companies are starting to work with Blockchain, a technology that can reshape human economic activity as it is a better, safer way to record the activity and keep data fresh while maintaining a record of its history. The data can't be corrupted by anyone or accidentally deleted, and you benefit from both a historical trail of data, plus an instantly up-to-date record.
Although Blockchain has been on the market for several years already, it is only at the beginning of its global popularization. And in 2021, its use in different spheres of life is expected to increase rapidly.
Blockchain technology is widely used when dealing with cryptocurrencies. The latter is a digital form of money that is used as a medium of exchange within a distributed network of users. Unlike traditional banking systems, these transactions are tracked through a public digital ledger (blockchain) and can occur directly between participants without the need for third-party intermediaries.
"Crypto" refers to cryptographic methods that are used to protect the economic system and ensure the smooth creation of new cryptocurrency units and transaction verification. This technology has been booming in recent years and will only grow in 2021-2023.
Though Bitcoin is the most hyped cryptocurrency (it has a price of over 54.000 USD per one Bitcoin, as of April 2021), many others also enjoy immense popularity. Among them are Ripple, Litecoin, Monero, Polcadot, Tether, and many more.
In business circles, where cryptocurrencies (of which there are already more than 4,000) are taken seriously, there is the concept of Initial Coin Offering (ICO) — a way to raise initial capital using cryptocurrency, it is analogous to IPO in the stock exchange market.
Several countries have more loyal and favorable conditions for ICOs nowadays and Clevver offers incorporation services in the following ones: Singapore, Estonia, Cyprus, Australia, the United States, and the United Kingdom. Our legal experts can give you a great deal of advice on registering your company in these and many more jurisdictions, and consult you on any other related matter on request.
Artificial intelligence and machine learning are a hot topic for discussion in 2021 — these technologies have applications everywhere from quantum computers and medical diagnostic systems to consumer electronics and smart personal assistants.
The major global AI trends of this year will be:
Private aerospace company SpaceX in 2021 will continue to connect vehicles (from cars and trucks to planes and ships) to its satellite Internet network Starlink. Such Internet will be available both in the U.S. and in other parts of the world.
SpaceX has now launched more than 1,300 satellites into Earth orbit. In October 2020, the company began providing its services in test mode to residents of the United States, Canada, and Great Britain.
Maximum deployment of 5G coverage in 2021-2025 on a global scale is also expected. As a reminder, 5G is a standardized technology with wide bandwidth, low latency, and advanced communications capabilities. It helps transform traditional industries and provides benefits for the global economy. Ordinary consumers take advantage of this next-generation network every day. Besides, 5G helps improve the efficiency of seaports, mines, and logistics.
One of the most sought-after global technologies being actively tested and implemented this year is autonomous cars. Its widespread global adoption is expected in the next five years.
Today, unmanned cars are being tested in six countries: the US, China, Russia, Israel, the UK (but here we are talking about one-off experiments), and South Korea.
This global trend has not yet fully blossomed, but there have already been some promising successes. For example, in October 2020, Waymo, a Google subsidiary, launched an unmanned cab service in a suburb of Phoenix, the fifth most populous city in the United States. Today, anyone who downloads the app can call a robot cab.
CRISPR/Cas9 genome editing technology, the discovery of which won the 2020 Nobel Prize in chemistry, has opened a new era in biology and medicine. With its help, scientists will be able to fight incurable diseases, correct genetic defects, and create new organisms.
Researchers around the world have quickly recognized this possibility, and it is expected to be tested actively in 2021-2025. Optimistic scientists are even claiming that, in theory, it will make it possible in the future to modify the adult genome, allowing them to overcome, for example, HIV infection, cancer or even aging itself.
In 2021-2025, the global community will return to serious environmental conservation steps that have been postponed due to the pandemic. Among others, it will focus on the following green technologies:
The use of this technology will significantly reduce the emission of CO2 into the Earth's atmosphere and thus affect the problem of global warming, which is extremely acute in recent decades.
This tech trend is still being refined and tested, but it’s already possible to say that it will make a revolution in the next five years. According to the scientists' idea, with the help of their technology, it will be possible not only to treat wastewater effectively but also to obtain large amounts of electricity with it.
The technology is an innovative approach to solving the problem of cracked concrete on roads. The self-repairing bacteria in the concrete literally seals the newly formed cracks at the first sign of them.
While the Covid pandemic has impacted every country in the world in unimaginable ways and brought terrible consequences to the global community, at the same time, the coronavirus outbreak has impelled the maturing of numerous global technological trends, the streamlining and widespread implementation of which will continue this year. Of course, we should not expect quick results, there is still a long way to go for global scaling of all the aforementioned tech trends, but active work in these areas in 2021 will definitely pay off in the years to come.
There is more than positive momentum already on the Covid-19 problem, widespread vaccination will do its job sooner rather than later. But, in the meantime, we are all advised to continue to limit social interaction, Clevver suggests that you take advantage of a completely remote incorporation service to remain safe and be able to do business conveniently.