How could technology transform the re-telling of "The Hobbit"?

The novel that I have read, "The Hobbit" by J.R.R Tolkien, can be easily retold by technology, as it is a fantasy novel. J.R.R Tolkien has written the Lord of the Rings trilogy, with "The Hobbit" as a prelude. The Lord of the Rings trilogy has already been retold using technology, as movies have been created about it. "The Hobbit" could be retold in a movie format, but there are other ways, using more advanced technology, to retell this novel.
In the Gershenfeld Chapter "Bits and Books", it explains about the new printing and paper technology that we might use in the future. The arrival of…