DARQ Technologies in T&T
DARQ- An Acronym that stands for Distributed Ledgers (D), Artificial Intelligence (R), Extended Reality (R), and Quantum Computing (Q).
As people’s lives become more enmeshed with technology, unique opportunities are arising for companies to deliver a new product or service —not just customized for specific customers, but for their needs at a specific point in time. (Accenture, Travel Technology Vision 2019)
D - Distributed Ledgers include technologies such as Cryptocurrency and Blockchain, it allows consumers and businesses to conduct business transactions and collaborations dependably transparently, with verification of data & sources, self-executing contracts for insurance, rentals, and financial management. Handling medical emergencies during travel, single currency global forex transaction, automated VAT refunds, claim settlements and easy e-visa applications.
A- Artificial Intelligence with Machine Learning can automate mundane tasks, reduce human errors, streamline processes, make data-based decisions and reporting and giving employees more disposable time for being more creative and being more human.
R - Extended Reality or XR, brings real immersive destination experiences to the travelers so that they can have on-demand interactions for a gratifying decision making about consumption choices. For businesses, it means almost real training experiences saving a lot of training time and money through learning while personally navigating and experiencing the destination virtually.
Q - Quantum Computing, used for solving large computational problems with top of the league cybersecurity, would be an affordable system for the companies to enable their travelers to construct itinerary options within budget limitations, simultaneous translations in multiple languages and provide super-fast data analysis for traffic optimization, quick decision making, optimized dynamic location-based-services as well as 3D sharing over cloud computing and 5G networks.
As people’s lives become more enmeshed with technology, unique opportunities are arising for companies to deliver a new product or service —not just customized for specific customers, but for their needs at a specific point in time. (Accenture, Travel Technology Vision 2019)
D - Distributed Ledgers include technologies such as Cryptocurrency and Blockchain, it allows consumers and businesses to conduct business transactions and collaborations dependably transparently, with verification of data & sources, self-executing contracts for insurance, rentals, and financial management. Handling medical emergencies during travel, single currency global forex transaction, automated VAT refunds, claim settlements and easy e-visa applications.
A- Artificial Intelligence with Machine Learning can automate mundane tasks, reduce human errors, streamline processes, make data-based decisions and reporting and giving employees more disposable time for being more creative and being more human.
R - Extended Reality or XR, brings real immersive destination experiences to the travelers so that they can have on-demand interactions for a gratifying decision making about consumption choices. For businesses, it means almost real training experiences saving a lot of training time and money through learning while personally navigating and experiencing the destination virtually.
Q - Quantum Computing, used for solving large computational problems with top of the league cybersecurity, would be an affordable system for the companies to enable their travelers to construct itinerary options within budget limitations, simultaneous translations in multiple languages and provide super-fast data analysis for traffic optimization, quick decision making, optimized dynamic location-based-services as well as 3D sharing over cloud computing and 5G networks.
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