Internet giants in both the US and China such as IBM, Airbnb, Meitu, and Thunder Network are all implementing blockchains in their various business segments. Before getting to know how the language industry could benefit from this latest technology, it is important to understand how blockchains work.
China’s online education industry has grown consistently in recent years. With US$1.2 billion of global investments in edtech in 2016 and an expected 20% annual growth rate, the e-education market is expected to reach US$190 billion by 2019, according to iResearch. More than just a new trend or fashion, the digitalization of education in China is becoming a serious industry.
An understanding of language and culture has had an undeniable hand in search engines’ success around the world. In order for any of these major players to become the unrivaled world’s search engine, they will need to spend time investing in their localization process.
At this point, there is no real question as to whether or not Earth’s language diversity is dwindling, as it already clearly is. But there is a question as to how much of this phenomenon is due to increasingly powerful machine translation (MT) tools such as neural machine translation (NMT) versus how much is due to natural processes.