This technology has been proved for sending data at a speed of 1 Gigabit per second.
The transmission is done by using Visible Light Communication, in which data is sent between network by flicking LED very very fast.
Actually this technology uses LED bulb switching on and off billions of times a second to transmit the data strings.
As this is done by the help of visible lights, you can see the lights which are being emitted, but you can't notice the flickering of light as it is too fast for human eyes to notice.
Meanwise for you it looks just like on ordinary LED bulb which is connecting you to the internet with high speed.
There are pros as well as cons of this technology.
Like, this uses visible light- it can't cross walls like WiFi but it makes it much secure.
The speed is also much fast in which one can download HD movies and games within seconds.
See how this works:
This technology is still in womb but it will be a faster connectivity for future.