A new technology, dubbed LiFi, could offer internet speeds one hundred times faster than the currently available WiFi.

Estonian start-up Velmenni has recently conducted tests, which demonstrated that Li-Fi was superbly fast in offices and industrial environments.

Li-Fi, which uses light to beam data through the air, works by flashing LED lights on and off at rapid speeds, sending information to a receiver in binary code.

Velmenni head Deepak Solanki said: "We have designed a smart lighting solution for an industrial environment where the data communication is done through light.

"We are also doing a pilot project with a private client where we are setting up a Li-Fi network to access the internet in their office space."

The Light Fidelity technology was first invented by Professor Harald Haas of the Edinburgh University in Scotland.

It uses Visible Light Communication technique, which achieved a speed of 224 GB per second under laboratory conditions.

It is estimated that by 2019, the world will exchange about 35 quintillion bytes of data every month.