Blockchain and AI will improve the world economy

[yatogami]

Since the inception of the blockchain with Bitcoin in 2009, there has been a huge interest from governments, and central banks alike to design their own centralized digital fiat currency for their benefit. Given the security benefits and efficiencies that the blockchain provides, it would be used well in conjunction with AI technology, to transform the global economy in ways we've never thought possible.

As such, there could be a future where everything is managed by AI and the blockchain would serve as the security and settlement layer for any kind of transaction. A one world currency might become a reality where it is backed by all the banks and governments alike. If this happens, then true autonomy would become established enabling everyday devices to operate on their own and "monetize" themselves via the use of a single unified global currency which operates on a blockchain.

Therefore, both the blockchain and AI will have a huge impact in our world economy, and every aspect of our lives as we know it. Of course, this might take quite a few years to happen, but the benefits provided by such technologies would be too hard to ignore.

What are your thoughts about this? Will both Blockchain and AI improve the world's economy? 

The main benefits from the conjunction of AI and blockchain are bigger automation, less mistakes due to "human factor", increased level of security and faster processing of data. All these vulnerable nodes of economy are currently backed up by people.
Imagine what would happen if millions of specialists lose their jobs and are just left on the streets? It would be a world-wide crisis resulting in riots and revolutions. What I mean is that automation of economic processes should be done gradually and smoothly.

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[prtty2gal2]

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.

It is indeed a huge breakthrough right now and it shows practically that there is a lot of great improvement to come in the long run with blockchain technology in most sectors of the world. We should not even start talking about how AI and blockchain technology will really be changing a whole lot of things.

The world is evolving, we are seeing more innovations popping up as a result of these two and I so much believe that as we move on, we will get to even see more playing out in the long run. This is one of the reasons why people need to have more focus on the future and how they will be benefitting greatly from it.

[andriw]

Of course the Blockchain and AI will improve the world economy, but what I think about is how the transition process will take, whether it takes time sooner or later, while economic activity continues. Then what is the impact on the world economy at the time of the transition?

[princeyeboah]

Blockchain and Artificial intelligence have the capabilities of enhancing the economy of a country and the world at large. This will go to the advantage of countries which invest in these technologies now and utilize them especially when Artificial intelligence becomes fully functional. These two technologies generate job opportunities for the people in a country. With this, the economy will eventually boost.

[MarchToke]

I really agree that the blockchain technology has shaped the payment system and has brought companies to a higher degree of level of capabilities. Integrate AI on it, and i am sure a very breakthrough combination of info tech innovation.

[muddy waters]

Since the inception of the blockchain with Bitcoin in 2009, there has been a huge interest from governments, and central banks alike to design their own centralized digital fiat currency for their benefit. Given the security benefits and efficiencies that the blockchain provides, it would be used well in conjunction with AI technology, to transform the global economy in ways we've never thought possible.

As such, there could be a future where everything is managed by AI and the blockchain would serve as the security and settlement layer for any kind of transaction. A one world currency might become a reality where it is backed by all the banks and governments alike. If this happens, then true autonomy would become established enabling everyday devices to operate on their own and "monetize" themselves via the use of a single unified global currency which operates on a blockchain.

Therefore, both the blockchain and AI will have a huge impact in our world economy, and every aspect of our lives as we know it. Of course, this might take quite a few years to happen, but the benefits provided by such technologies would be too hard to ignore.

What are your thoughts about this? Will both Blockchain and AI improve the world's economy? 

Artificial intelligence based on blockchain could be extremely beneficial for the global economy. AI would provide a faster structuring and processing of transactions of any kind (both financial and data-related), and blockchain could be a safe and reliable base for that.
By the way, I was quite surprised at a small number of ICOs related to artificial intelligence (in fact, I've seen only one with the core product being an intelligent assistant providing info about cryptocurrencies and their current prices). I think combining AI and blockchain could be a breakthrough idea, and teams should consider this when developing their project concepts.

[jcarlo]

I believe blockchain and AI will improve world economy. Combination between blockchain and AI will creating eficient bussiness model and it will make every bussiness saving a lot cost.

[BlueStackz]

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.

Significant impact indeed, I must say! These are two technological innovations that will be disrupting a lot of things, making some huge changes to every single sector in the world at large, from logistics, to health, to payment system, to engineering, just name them all.

It is a good thing to be a part of it this early stage and for the good part of it, it is really going to be a lovely time to behold when we start seeing those changes being implemented as time goes on. These technologies are really revolutionary and I am sure if utilized well most especially for most developing countries, it will really help them in a great way.

[jatin729]

Yes it is obvious that these technology will lead the world in near future as we have seen now a days new projects coming and big giants companies are talking about implementing these tech in the system even few have already working on it. One of the major application of blockchain in banking sector and we know banks are the back of any country economy so revolution is near.

[Abiky]

Artificial intelligence based on blockchain could be extremely beneficial for the global economy. AI would provide a faster structuring and processing of transactions of any kind (both financial and data-related), and blockchain could be a safe and reliable base for that.
By the way, I was quite surprised at a small number of ICOs related to artificial intelligence (in fact, I've seen only one with the core product being an intelligent assistant providing info about cryptocurrencies and their current prices). I think combining AI and blockchain could be a breakthrough idea, and teams should consider this when developing their project concepts.

Yes. There's has been a small number of ICOs related to Artificial Intelligence lately. Their vision is to use such technology in conjunction with Blockchain, to help transform our world for the better. A good example of this, is SingularityNET which has its own ERC-20 token. This project is very interesting since it aims to make use of both AI and Blockchain technology for things that were never thought possible. Last time I've checked, they had a robot which made use of AI technology along with Blockchain. This means that, the world is recognizing the benefits of Blockchain and AI, as these technologies provide autonomous decisions and a greater level of security and transparency.

If they become successful enough for mainstream use, then they could probably replace Banks, Governments, and even Police as we know it. The future lies where everything is autonomous operated by drones, robots, digital currencies, and the Internet. Imagine a world where the Police would no longer be human, but instead robots operated by an AI. At the same time, imagine never interacting with a Bank, but having the same security and reliability by using Blockchain technology. Due to this, I believe that AI and Blockchain will transform our economy for the better. This is just the beginning as these technologies are carefully being tested to handle interactions at a large scale.

Nevertheless, this could either take a few years from now before it becomes a reality, or decades. Just my opinion

[DanieIssac]

Blockchain and AI are great human inventions, because they contribute a lot to the economy, helping people to improve, creating jobs for people.

[gentlemand]

The question is - who will it improve it for?

Even before it's up and running it's clear that wealth is becoming ever more concentrated in a tiny number of hands. The full implementation of this would crank it up to another level, one that might have huge repercussions for normal people.

Compared to a few decades back everything is more precarious for the average person these days. Stuff like this is only going to make it more so. There's no point moaning about it because it's going to happen anyway but if I was one of the gods I'd be wondering if I was going down a path leading to some unpleasantness when all those peons out there have had enough.

[clololck]

It is not just a simple improvement of the economy, it is necessary to know that human civilization is moving towards digitalization. Artificial intelligence will become a good helper for mankind in the future, and the world will be liberated.

[BigTeeths]

I believe blockchain will but I'm afraid with AI. Blockchain will help improve the customs in every government because that is where rampant smuggling and corruption happens. This will make it very strict for them to do when every details is listed on the blockchain. But AI, I see it very dangerous. They could be hacked and do things to ruin the system.

[0t3p0t]

A one world currency might become a reality where it is backed by all the banks and governments alike.

How would this work? If this currency is backed by banks and countries, then it looks like a centralized coin, and it would just inherit all the problems that we already have with multiple currencies, in every single country or union. I mean, this would be like dollar or euro, but in a world scale. I don't think this would solve anything, and I don't even think this will ever be possible.

I don't see how a coin could be shared by the US and Russia, or Iran, or China, etc. These countries simply wouldn't work well together. They can tolerate each other, but working together is a complete different thing.

I do think that a decentralized currency could exist worldwide, and I'm of course talking about bitcoin here. But it needs to be decentralized and not backed by anyone. Just a currency that gets it's value on a free market, ruled by supply and demand.

I agree with your opinion mate and this for me is a more accurate answer to the question regarding the topic. I actually like the idea of blockchain but not with the AI technology. For me AI technology is a centralized system that it won't perfectly work like humans regarding decission making, emotions and other behaviour that are only found in humans. So for me AI technology is risky while blockchain is perfect in almost all applications. Regarding one world centralized currency, I don't think if all the people and countries all over the world will support it.

[bce]

I think it was all created by following the times and technology and the blockchain was created to meet the needs of an increasingly advanced and developing economic system

[Abiky]

I believe blockchain will but I'm afraid with AI. Blockchain will help improve the customs in every government because that is where rampant smuggling and corruption happens. This will make it very strict for them to do when every details is listed on the blockchain. But AI, I see it very dangerous. They could be hacked and do things to ruin the system.

I'm sure there's a place for AI to transform our world economy. It may not be directly, as Blockchain technology handles transaction management. AI could take part on the decision making of the world's economy, such as restricting or granting access to the digital economy by using facial recognition, voice recognition, and more. On the other hand, Blockchain will be responsible to make sure transactions are not double spent, and are as secure, transparent, and reliable as possible.

Given how Bitcoin and Blockchain technology have grown over the past years, it's no doubt that the world's economy is shifting towards being digitally distributed across many computers and devices worldwide. As for AI, its growth rate is slower than the Blockchain. It will get there once it becomes mature enough for the mainstream world (which could take a couple of years from now). In the case of hacks, I doubt if it'll be possible to hack and game the system, as Blockchain technology has proven to be secure and resilient against attacks (like in the case of Bitcoin). AI could gain the strength of Blockchain's computing power, to protect itself from hackers.

Nevertheless, either Blockchain or AI (or perhaps both) would greatly contribute to our world's economy one way or the other.

[bayu7adi]

centralized but still blockchain based, an agency is free to regulate a system, but transparency becomes the main requirement to be accepted by society
when the moment occurs, it will still potentially occur fraud because we also do not know what is done by a group of people behind the system that is running, even though using blockchain technology
if we are analogous to the cryptocurrency exchanger, currently centralized cryptocurrency is indeed very popular, when compared to the decentralized exchange
although there are still exchangers who report that the wallet was hacked, the community still uses centralized exchange

so the existence of AI and blockchain in my opinion is very good for the future, as long as there is still a group of trusted people who participate in regulating and controlling a related system

[Harlod Benjamin]

Sure, blockchain and AI have been become new trendy and I strongly believe that blockchain and AI will help improve the world economy. Besides, it also help to upgrade human civilization. I am waiting for a new world with the development of blockchain and AI

[Bustart]

I believe blockchain will but I'm afraid with AI. Blockchain will help improve the customs in every government because that is where rampant smuggling and corruption happens. This will make it very strict for them to do when every details is listed on the blockchain. But AI, I see it very dangerous. They could be hacked and do things to ruin the system.

I'm sure there's a place for AI to transform our world economy. It may not be directly, as Blockchain technology handles transaction management. AI could take part on the decision making of the world's economy, such as restricting or granting access to the digital economy by using facial recognition, voice recognition, and more. On the other hand, Blockchain will be responsible to make sure transactions are not double spent, and are as secure, transparent, and reliable as possible.

Given how Bitcoin and Blockchain technology have grown over the past years, it's no doubt that the world's economy is shifting towards being digitally distributed across many computers and devices worldwide. As for AI, its growth rate is slower than the Blockchain. It will get there once it becomes mature enough for the mainstream world (which could take a couple of years from now). In the case of hacks, I doubt if it'll be possible to hack and game the system, as Blockchain technology has proven to be secure and resilient against attacks (like in the case of Bitcoin). AI could gain the strength of Blockchain's computing power, to protect itself from hackers.

Nevertheless, either Blockchain or AI (or perhaps both) would greatly contribute to our world's economy one way or the other.

This will really help to improve the blockchain technology to much advanced system that will eliminate possible network traffic in the future. AI will always provide secured protection, particular on the biggest holders around the world who remained anonymous. Digital currency will be widely popular as this AI will renounce the importance of blockchain to the lives of everyone who been part of crypto