ICO to fund development of robot to replace real life jobs

[valduz10]

With the current trends of the ICO's imagine a token sale where the funds would be used to develop a robot which could replace actual real life low wage jobs. With a budget of like $30 mio. it would be easy to hire 80 engineers at about $100k each (including costs for health care and benefits) which would be $10 mio. per year including $2 mio. for material and equipment. This would give the project 3 full years to come up with a prototype.

Companies like Walmart could lease the robots on a monthly basis using the tokens. This would create a strong demand and the price of the token would rise since companies want to buy it. What do you think, would this be possible?

[frowsiter]

Nice speculation about token sale. It might be possible that there are ICO like this being built for the sake of creating intelligence which will work for us in market. It is very futuristic though but it is not impossible. The implementation can be done on large scale and it will change the face of companies like Walmart. Their demand for employment will decrease as robots would be there to help. But a single ICO may not be able to find such big project in one shot, because the first thing is these companies have to look after profits for themselves and for the investors. Whatever is left over is the thing you talking about to fund the projects. Anyway it is all just imagination part but the idea is thinkable. :-)

[Snail2]

This is already happening but not reached this place...yet... Sooner or later it will, I guess. Most of the necessary technology is already in use or ready to go.

[bouren]

With the current trends of the ICO's imagine a token sale where the funds would be used to develop a robot which could replace actual real life low wage jobs. With a budget of like $30 mio. it would be easy to hire 80 engineers at about $100k each (including costs for health care and benefits) which would be $10 mio. per year including $2 mio. for material and equipment. This would give the project 3 full years to come up with a prototype.

Companies like Walmart could lease the robots on a monthly basis using the tokens. This would create a strong demand and the price of the token would rise since companies want to buy it. What do you think, would this be possible?

Without idea nothing will work out. No matter whether to make 500 engineers sit in a room and provide them $100M, if you don't got working idea nothing can make the development take place.
And as far as your concern matters, I don't feel there is a need of any such ICO because similar thing already happening on the name of AI and companies like FB invested over billion in AI.