The Elrond Research Thesis on holoride: How The Metaverse Will Redefine Transportation
At Elrond we define the Metaverse as the interoperable meta-space that incorporates all the different digital universes, with blockchain technology acting as the key coordination mechanism in this distributed and interconnected ecosystem.
With true ownership firmly established across all the different spaces inside the Metaverse, a universe of opportunities is created for users and content creators.
You will soon be able to wear your favorite World of Warcraft armor set at a Coldplay concert in Decentraland or bring a Jedi lightsaber to the Roblox screening of the latest Star Trek movie as a conversation starter.
The endless possibilities will soon expand beyond art and entertainment into virtually all consumer - and perhaps even industrial - goods, the purchase of which will inevitably also include a virtual replica in the form of an NFT.
Environments fusing infinite combinations of real world objects and settings with virtual elements will create compelling augmented environments that will enhance productivity, make for better learning experiences and will be a lot of fun.
This is why we believe that holoride will be essential to everyone who wants to stay connected to the Metaverse on the go. The unique combination of technologies used in holoride will create a strong connection between the automotive industry and the new digital economy, which will result in entirely new business models and opportunities.
“The Elrond Research contribution to holoride is a long term commitment to support the efforts of the team that combines technological innovation with fair, transparent and compelling economics, to create an entirely new business vertical with an enormous potential.” said Beniamin Mincu, Elrond Network CEO.
You can discover more about holoride by reviewing the rationale and metrics available on the Maiar Launchpad:
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Elrond is a new blockchain architecture, designed from scratch to bring a 1,000-fold cumulative improvement in throughput and execution speed. To achieve this, Elrond introduces two key innovations: a novel Adaptive State Sharding mechanism, and a Secure Proof of Stake (PoS) algorithm, enabling linear scalability with a fast, efficient, and secure consensus mechanism. Thus, Elrond can process upwards of 10,000 transactions per second (TPS), with 5-second latency, and negligible cost, attempting to become the backbone of a permissionless, borderless, globally accessible internet economy.
About Elrond Research
Elrond Research is the strategic innovation lab of Elrond Network. Its mission is to identify and foster game changing projects building with internet-scale blockchain technology. With research and support provided by the very architects of the Elrond technology and ecosystem, every outstanding team gains a moonshot chance.
holoride creates an entirely new media category for passengers by connecting Extended Reality (XR) content with data points from the vehicle in real time. These data points include physical feedback, like acceleration and steering, traffic data, as well as travel route and time. holoride technology provides a new type of immersion into any kind of VR content, creating a breathtaking, immersive experience, and significantly reducing motion sickness. The tech startup was founded at the end of 2018 in Munich, Germany by Nils Wollny, Marcus Kuehne, Daniel Profendiner and Audi, who holds a minority stake in the startup.