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Author Topic: Blockchain and AI will improve the world economy  (Read 1221 times)
Abiky
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August 13, 2018, 10:57:01 PM
 #141

With the help of Blockchain's fascinating technology, there is not a single doubt that the economy will progress, and I think that A.I. is another different story, in terms of AI, I think that the economy would be much more better when AI will be fully introduced and  gain its full potential.

Exactly. Both Blockchain and AI make the perfect combination for an efficient worldwide economy that's fair, secure, and transparent, most of all. AI would be responsible for the decision making of our daily lives, while Blockchain makes sure that everything is correct and free from fraud. Nearly everything we know and love today, would live within the Blockchain, from properties & assets, to personal and medical information. When put together with AI, new possibilities are opened like never, enabling a trustless society in the future.

Human intervention or arbitration would not be necessary, as everything will operate on its own. Machines would rely on micropayments to function and operate as intended. People would have control of their own money and lives, as central control would be reduced to a minimum. Everything would be governed by smart contracts living under the Blockchain, in par with AI, making the world free from corruption like it is right now. Such scenario would be similar to Terminator's Skynet, where AI takes control of the world in an unstoppable way (since it relies on millions of computers and devices worldwide). However, this process might take a couple of years from now before it becomes a reality. Just my thoughts Grin


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August 14, 2018, 01:09:48 AM
 #142

I fully agree with the fact that Blockchain can change and improve the world economic system. It is already doing it. Using Blockchain, the nodes in the network don`t need to know each other or trust each other, because they have the ability to control and confirm the links of the data on their own. This is an innovative way of conducting financial transactions.

Blockchain technology will allow you to fully automate the services by sending an economic model of the "distributed economy" to retirement. Money transfers in the crypto currency are already showing us how far they are ahead of classical financial technologies. And we will see similar things in insurance, in energy, and in other infrastructure industries.

With blockchain or bitcoin we dont need third party for our transaction with low transaction fee. I am believe blockchain will change our economy face and if blockchain combine with AI, i am believe it will good for our economy because it will create big eficientcy

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August 15, 2018, 01:37:36 PM
 #143

talk about blockchain and AI technology, I think both are new inventions in technology that  always has a dual purpose. They can always be used for good deeds and for bad. I don't really hope for artificial intelligence. Any hacker can change the robot and he can do a lot of harm. Any thoughts?
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August 15, 2018, 01:57:21 PM
 #144

I agree with your opinion that Blockchain and AI will change the world a lot. But I'm very worried when technology is growing. Many people may lose their current job. This will increase the gap between rich and poor.
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August 15, 2018, 02:28:42 PM
 #145

Since I am a crypto-enthusiast myself, I am sure that blockchain and artificial intelligence will change everyone's life for the better.There will be no unemployment,no wars, no famine.
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August 17, 2018, 06:10:06 PM
 #146

Since I am a crypto-enthusiast myself, I am sure that blockchain and artificial intelligence will change everyone's life for the better.There will be no unemployment,no wars, no famine.

Yes. There's no doubt in that, mate. The benefits of both Blockchain and AI would be too hard to ignore for governments across the world. Perhaps, with their success, there will be no reason for Banks to exist, as well as, governments, as everything will be governed by AI. The rate of employment will be increased, and criminal activity would be reduced to a minimum. With worldwide surveillance via the use of Cameras, GPS, and more, AI can keep track of criminals at a fast pace. In the case of Blockchain technology, everything from money to real estate, will be tracked in it, adding greater security and transparency to the mainstream world, while at the same time removing corruption and fraud.

However, as with any technology, it will all depend on how well people will adopt it in the mainstream world. Just my thoughts Grin


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October 29, 2018, 12:23:23 PM
 #147

I'm persuaded that people can use almost everything to improve the economy situation, you need just to look on Japan. They have used the existing economic laws in order to make the thing which is called the "Japanese economy wonder".
Blockchain is one of the future technologies that is present today to change behavior in the world of economics, finance and trade. Because blockchans are decentralized so the data is very valid and cannot be changed, spread on many servers and are interrelated so that they cannot be corrupted.
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October 29, 2018, 12:41:23 PM
 #148

well indeed, thats can make some big improvment. an advance A.I can make some really a good impact for efficiency in the economic system, math are complicated and sometimes need an extra help for that, thats why and A.I and blockchain can make a change by fast transaction and for macro economic bussiness

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October 29, 2018, 04:04:07 PM
 #149

Blockchain and AI will streamline everything and lead to superior efficiency in all aspects of trade and life in general. There will no longer be as many disputes or corruption because every single transaction will be recorded.

The problem is it will create a lot of abundance and everyone will have a chance to live a decent life, but the world isn't sustainable given everyone is living like an American.  This is why advancements in immersive reality is just as important. We need to conduct certain parts of our lives in simulations for increased global abundance to not be detrimental.
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October 29, 2018, 04:40:30 PM
 #150

I still think AI is vastly overrated. There haven't been many software based breakthroughs or advancements in the past 50 years. The gains we've witnessed from the AI industry are primarily produced by advances in hardware(faster clock cycles, greater processor parallelism, improved branch prediction, being able to fit more transistors on a die). Many successes falsely attributed to AI are brute force mechanisms which calculate every possible move on a chess board. It is arguable that these types of brute force programs are not intelligent. They have no more brain power than an app which tries every possible combination of alphanumeric characters to brute force a password.

What makes things complicated is we still don't understand how specifics regarding how human consciousness functions. There are still many unknowns and so we can't model AI software after true human consciousness although there are many AI applications which benefit from advances made in biomimicry and other fields which attempt to emulate organic processes in silicon.

Although I think you might be right in saying that conscious AI may not happen in a decade or two or probably not at all, I think that we might still see AGI in the future, and that it can help not only blockchain but all of us as well. Everything that we have now is narrow AI, but I think there are a lot of room for improvement.
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October 29, 2018, 05:20:59 PM
 #151

Yes, the blockchaine technology will directly influence the world economy and improve it, since for the first time humanity has the opportunity to organize and streamline trade and other economic processes on a global scale. Due to the fact that the blockchaine technology makes it possible to store and use large databases at a high level of security in the open access mode, for the first time it is possible to efficiently organize everything. The economic effect of this will be colossal.

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October 30, 2018, 12:08:36 AM
 #152

Blockchain is one of the breakthrough information technology inventions in this era and AI is already done that too before blockchain's existence. Having both of them working together is really a good combination that can make a company transform into a higher level.

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October 30, 2018, 01:27:48 AM
 #153

We tried to handle the market by ourselves and we could definitely see that we lost big time and collapsed the market more than we want it to be. Maybe an AI handling our market isn't a bad idea. But the biggest factor in this is still human intervention. So long as there is human intervention then the market is doomed.

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October 30, 2018, 01:42:50 AM
 #154

Obviously, these two technologies are have a significant impact on the economy of the world in general. Blockchain and Artificial Intelligence are the two revolutionary technologies with indispensable benefits. These technologies provide job opportunities and also enhance payment system and work productivity - boosting the economy of the world.

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October 30, 2018, 05:40:35 AM
 #155

Yes, I am sure that blockchain and AI will improve the world's economy because our jobs will become simple and we don't have to do many things to complete the jobs. Our life will become better because we can do other things especially if we can get a new source that will help us to gain a better life. And if we see with the blockchain impact for our life, we can get a new source to make money, and when the AI comes, we can give the jobs to that AI so the AI will completed the jobs.

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October 30, 2018, 06:35:46 AM
 #156

I truly agree that AI technology makes life very sufficient and easy
And on the other side lazy ... I miss the old days already but we cannot deny the fact that it is the future.

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October 30, 2018, 11:22:15 AM
 #157

I strongly believe that blockchain is the thing of today and that it will not be easy for some to take it out of the system since this kind of technology helps a lot of people. blockchain made online transactions and had helped the economy in a larger scale. Yes it may not eliminate current fiat but in the crypto world it is very essential. It is just a matter of information dessimination --this will serve as an effective way for people to truly understand the current technology and not be misled to other information.

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October 30, 2018, 03:49:05 PM
 #158

Blockchain is one of the breakthrough information technology inventions in this era and AI is already done that too before blockchain's existence. Having both of them working together is really a good combination that can make a company transform into a higher level.

Agree. While AI came long before Blockchain, there's no doubt that both technologies could transform our world for the better. Blockchain would enable new job opportunities that were previously not available before. Due to its transparency and high-level security, it could enable frictionless global payments without fear of double spending or fraud. This would allow our economy to operate autonomously without the need for a third party (if decentralized) giving people back control of their money. On the other hand, AI enables autonomous decisions over anything in life without human intervention.

Such technology could be used to control traffic lights, perform surveillance, and even manage drones for various purposes. In conjunction with Blockchain technology, you would get a robust system that could live on its own without the need for corrupt governments or banks. It's only a matter of time before this happens, since Blockchain is nearly beginning to emerge in this world. AI is also in its infancy, which means that these technologies would need a couple of years from now before they become mature for the mainstream world.

Nevertheless, it'll be exciting to see what lies ahead in the future of the world's economy as governments and banks worldwide make use of both Blockchain and AI for their own benefit. Just my opinion Smiley


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October 31, 2018, 12:37:06 PM
 #159

This is certainly going to happen to the life of our world. Blockchain and AI applications are being widely applied in economics and business management and financial education is very popular. is the world of Blockchain technology.

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October 31, 2018, 03:56:50 PM
 #160

This is certainly going to happen to the life of our world. Blockchain and AI applications are being widely applied in economics and business management and financial education is very popular. is the world of Blockchain technology.
i think for those who can take advantage of opportunity, they will get a profit, so that their economy will be lifted and will make country prosper. for that, of course, for a country that first introduces BTC, it will certainly prosper later

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