CIO’s and investors alike seeking to get ahead of the next big tech trend better be looking toward blockchain, virtual reality and autonomic platforms, said Bill Briggs, chief technology officer Deloitte Consulting. 'Blockchain is more than just Bitcoin, it is a new technology for trust,' said Briggs. 'It’s a distributed ledger that many people can share and it’s any asset that you can define digitally so that means currency or customer loyalty or electronic medical records or any kind of transaction or contract.' Deloitte highlighted critical trends like blockchain that are reshaping the way businesses operate in a global environment in its seventh annual technology trends report: 'Tech Trends 2016 – Innovating in the Digital Era.' Aside from blockchain, Briggs also named virtual reality – like Facebook’s (FB) Oculus Rift - as a tech trend to watch both on the business and consumer side. He said businesses need to put augmented and virtual reality to work and understand experimentation is essential to helping everyone understand how they can drive value. The so-called internet of things is another hot technology trend.