Experts: 5G technology to drive blockchain and metaverse industries

08/13 10:39

According to Indian Express, India is set to begin rolling out 5G this month, and the technology is sure to have a major impact on the way services are delivered to consumers and businesses. Experts believe that 5G will be a potential enabler for the widespread adoption of blockchain technology in a number of areas such as trade finance, logistics, healthcare and education. 4G cannot fully meet the latency and density requirements of this ecosystem," said Ravi Chamria, CEO and co-founder of the Blockchain Infra Automation Platform. 5G not only aims to increase speed and latency, but also allows for a proximity-driven approach to help distributed and decentralised application ecosystems. "For example, an example of using 5G in blockchain might involve vehicle networks to enable the sharing of traffic information. Blockchain coupled with 5G has the potential to disrupt the telecommunications industry, experts say. Edul Patel, CEO and co-founder of cryptocurrency investment platform Mudrex, said, "Blockchain is based on transparency and can prevent rising consumer costs associated with cross-border settlements, and 5G will ensure that international roaming and cross-border cellular networks are compatible and efficient." In addition, the development of the metaverse industry will also benefit from 5G technology.

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