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Author Topic: Blockchain and AI will improve the world economy  (Read 506 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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