I have designed a test display using APA102C Addressable RGB LEDs 16x16 matrix and 2-wire connections.
The ROM of Arduino Nano was not sufficient I guess for a 0...9 digits matrix array or maybe it was some other issue and memory address non-existent error was being generated by Proteus.
So, I will port the project to Arduino Mega2560 and if possible make a bigger display and then post the Proteus simulation project with full source code.
Till then, for people all around the world to have a look at my low-resolution addressable RGB display based new standard display for electronic devices.
APA102C is a 2-Wire Addressable RGB Pixel LED and it is Chainable. No need for complex matrix display driving circuits, higher voltage power supplies for bigger displays, power MOSFETs, timer interrupt based processor intensive display multiplexing code, constant and continuous display refreshing.