One of the biggest problems with virtual assets is their lack of intangibility. Many people who have grown up in 70,80,90’s are accustomed to hard assets with which they can make use of in “real life” business transactions. Thus, in order to deliver the same monetary experience in the bitcoin world, many new startups are trying to come up with solutions that can help rectify this issue.
At this point, it is also important to mention that cryptocurrencies like BTC, ETH have the potential to be delivered in a physical form due to their ability to be monitored, analyzed, and charted. This is all possible because these assets make use of a public ledger, that allows for the evaluation of these currencies. According to their derived value, these asset are then allocated a certain form so that they can be used in a “physical-money based transaction”.
About Blockchain 3D Explorer
Blockchain 3D is the brainchild of Kevin Small, who has basically created a “Blockchain explorer that enables anyone to view the bitcoin blockchain in 3D or VR”. Kevin is from the UK and has proposed taking his creation to the “London’s Blockchain Summit” that will be happening later this month (November 28). He has made it abundantly clear that the system is still in its beta phase, and thus is still bug loaded.
However, there is a basic model that seems to be running without any glitches or major issues. For example, Blockchain 3D has been shown to allow for data detectives to “zero in on a specific address and trace the flow of bitcoins as they move along the blockchain.”
Blockchain 3D Explorer Features
(i) Delivers an immersive crypto experience:
Through the transforming of abstract data into physical blocks that can be interacted with, Blockchain 3D is able to provide users with an immersive VR experience.
(ii) Good Compatibility:
The software which will become available for free in the next week or so, is full compatible with Windows, Mac, Android, and Linux. The interface is extremely user friendly and can be used in VR with Google Cardboard.
(iii) Combines VR with Real Currency:
This is the first time a platform is delivering a VR concept that has been infused with cryptocurrencies as its base. Blockchain 3D allows us to make real time transactions using a fully interactable environment due to the fact that all of the data has been visualized, and presented in a highly accessible form.
How Will the System Work?
According to the creator, when the software is started, users will be presented with the option to either “view a random address/transaction or to select one specifically”. In terms of the individual elements contained within the interface, we can see that:
- Bitcoin addresses appear as red cubes
- Transactions as blue spheres
- Data Inputs/outputs are shown as arrows.
As users keep exploring the objects, they will unravel newer layers in the VR experience.
What's Unique Here?
(i) Helps us picture Bitcoin in a physical form:
Since crypto currencies are intangible assets, they can be hard to visualize. The Blockchain 3D platform not only allows us to experience BTC physically, but also shows us the intricacies of the system and how transaction within the blockchain take place.
(ii) Intriguing Visualization Design:
According to information available on the company website, Kevin Small (the creator of this platform) has made use of geometric shapes that are either cubes, triangles, or some other relatable from. They look visually appealing, and thus help us stay occupied in a healthy manner.
Where Do I Signup For Blockchain 3D Explorer?
As mentioned previously, the software is free to use and can be downloaded onto our computers from the official company website. The program is compatible with various platforms like Linux, Windows, MacOS, iOS and Android. Lastly, the Android version supports both the 3D and VR mode. Users wishing to use the VR mode need to get Google Cardboard version 2 or higher (so basically any cardboards bought since 2015 should be compatible). Even without Google Cardboard, the app can be run in 3D mode.