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E-Commerce Tech Firm Joins Consortium Developing 3D Standards
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The ultimate goal is consistent presentation across all platforms and devices.

NexTech AR Solutions Corp. (NTAR:CSE; NEXCF:OTCQB) announced in a news release that at the end of April 2019 it joined Khronos, an exploratory group aiming to develop standards and guidelines for three-dimensional (3D) e-commerce as it is on the cusp of burgeoning.

Khronos will "research the creation of standards and guidelines to produce and distribute real-time 3D representations of products so they can be experienced realistically and consistently across all platforms and devices, such as mobile, web and augmented reality (AR) or virtual reality solutions," the released noted.

NexTech CEO Evan Gappelberg commented in the release, "As 3D visualization technologies become more prevalent, it's crucial to be able to present these experiences consistently across multiple consumer endpoints like e-commerce websites, apps, in social feeds and in ad units."

The company pointed out that by 2020, an estimated 50% of retailers plan to launch AR and VR 3D technology on their e-commerce sites, according to Gartner research. More than 100 million people will shop online using AR technology. This sector is expected to grow rapidly as 5G becomes more widespread.

In Khronos, NexTech joins other leading technology companies, retailers and manufacturers such as Google, Microsoft, Facebook, Adobe, Deloitte Consulting, NVidia, Pinterest, Qualcomm, Samsung and Shopify.

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Disclosure:
1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: NexTech AR Solutions. Click here for important disclosures about sponsor fees. As of the date of this article, an affiliate of Streetwise Reports has a consulting relationship with NexTech AR. Please click here for more information.
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