Author: Editor

Is wearable technology a fad?

Wearable devices may be nothing more than novelty

Wearable technology has become the new craze of the tech field, with a range of big-name companies developing smart watches, augmented reality glasses, and other such high-tech gadgetry. These devices may have a great deal of potential, as they have already managed to attract the attention of consumers around the world, but whether or not the interest surrounding these devices is nothing more than hype is somewhat questionable.

While few wearable devices are currently available to the public, future devices promise to change the way people interact with one another and their surroundings in significant ways. AR glasses, for instance, could literally change the way people see the world as their technology becomes more advanced. This same technology is already being used as a way to improve sight in the vision-impaired. Smart watches may have a role to play in mobile commerce as the economy continues to become more reliant on technology and these devices are already being used to traffic digital media.

For many, wearable devices are seen as an exciting new step forward in the technology world, but these devices may be little more than another passing fancy.

Years ago, 3D technology began seeing a swell in attention that is quite similar to what wearable technology is seeing today. The same can be said for virtual reality, which has evolved to become augmented reality technology to some degree. Both 3D and virtual reality became quite popular, but failed to find ultimate success among consumers it did little in the way of innovating daily life.Wearable Technology - augmented reality glasses

Both 3D and virtual reality are high concept, low impact and their use beyond the field of entertainment is limited, if not verging on non-existent. Even in the entertainment field, these technologies continue to struggle to find support. 3D found some resurgence in its popularity in recent years in the film industry, but the movies that have made use of this technology have failed to impress. Many people claim that 3D in films is nothing more than an annoying gimmick that is used to provide some cheap thrill.

Wearable devices may not make use of 3D technology, but their potential novelty may end up leading them down the same path toward obscurity.

These devices, in their current state, offer little in the way of practical value, but some are high on entertainment potential. This is particularly true of augmented reality glasses, whose primary role will likely exist within the entertainment field, whether that involves gaming or other forms of digital media.

Seemingly innovative technology is often relegated as novelty because it does not actually innovate anything. Wearable devices could be in danger of fallen prey to this problem, because despite their allure, they are unable to accomplish anything that has already been accomplished by “old fashioned” smartphones and tablets.

QR codes are PayPal’s bet for mobile payments technology

The digital wallet giant has chosen its new tack to achieve dominance in this increasingly crowded space.

PayPal used the massive Money2020 event in Las Vegas to reveal that it is getting behind QR codes as a part of its broader plans for mobile payments that will carry their online successes over to the in-store experience.

The decision to choose the barcodes has added to a trend beginning to turn away from NFC technology.

The decision that PayPal has made to use QR codes as a central element of their mobile payments experience underscores the progress that the technology has made among both merchants and consumers. It reflects the fact that consumers have become familiar with the black and white squares, and know how to scan them using their mobile devices.

paypal qr codes mobile payments money2020The QR codes will provide a boost to the security level of the Beacon solution that was launched last month.

PayPal has taken a considerable focus on moving into the brick and mortar experience, along with a flood of other industry giants that are hoping to become leaders in the mobile payments sphere. Though NFC technology had been believed to be a possible standard in this area, the very slow adoption of Google Wallet, Isis, and other wallets based on near field communications has caused many providers to look to other tech possibilities.

The alternative that stood out at Money2020 was QR codes, which were selected for integration by not only PayPal, but also MasterCard – a provider that has based its services on NFC for some time now, and intend to continue this over many different types of devices as a complement to the use of the barcodes.

Vice president of retail and prepaid products at PayPal, Don Kingsborough, was present at Money2020 and explained that the adoption of the QR codes is a part of the overall trend toward the omni-channel experience. This is a more seamless version of the multi-channel experience, where one crosses into the next, instead of remaining parallel to one another.

To illustrate the concept using PayPal technology, a consumer could walk into a store with her mobile device. At that time, the PayPal Beacon provides that individual with an alert regarding a deal that is going on in the store. The consumer can then pick up the item and bring it to the point of sale, where the transaction can be completed using mobile payments that are secured with the scans of QR codes. In this way, the in-store, online, and mobile experiences coexist and provide the consumer with a considerably enhanced shopping experience.