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If you are a developer, this would be an awesome Google project to get in on. Amazing what a smartphone is capable of when you get a bunch of genuis's behind it. What it may provide in the near future is probably little, but future possibilities are endless.
http://techcrunch.com/2014/02/20/google-launches-project-tango/
http://techcrunch.com/2014/02/20/google-launches-project-tango/