Blockchain and AI will improve the world economy

[btc78]

This will never happen if the people don’t get involved from this,and if the governments wont let it from happening,remember that technology is in need of people to use this for improvement but all of the effort will be nothing if countries banned the usage of this,just like what they are doing in the currencies that represented by these technologies

[vixcious]

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? 

AI is still a question. There are quite a few films that talk about AIs too smart and it can be against our world. But I think, we should not let AI help people work too much. Because our people are smarter than us, we create so many wonderful things. I think only Blockchain technology and human beings will help the world become more prosperous.

[Silberman]

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.

I hold a similar opinion, artificial intelligence like the one that you see in movies is decades if not centuries away, those that are developing artificial intelligence have been giving predictions that they are just one decade away to reach their goal for decades now and even if they did, something that I doubt, artificial intelligence is something that should be heavily regulated in case it becomes dangerous to us.

[Sherwood_Archer]

Blockchain and AI are revolutionary technologies. It can be applied and ARE already being applied in different industries not only in technology or computing - healthcare, education, manufacturing, businesses, etc. However, a lot of hype over it gave it a bad reputation. A lot of people, from what I have observed on the internet, automatically smirks at news when blockchain is mentioned. They think it is all just hype although they really do not understand even a bit of it.

[Abiky]

This will never happen if the people don’t get involved from this,and if the governments wont let it from happening,remember that technology is in need of people to use this for improvement but all of the effort will be nothing if countries banned the usage of this,just like what they are doing in the currencies that represented by these technologies

That's certainly true, mate. If governments start to ban cryptocurrencies and Blockchain at a large scale, then their growth will be stalled. While it's impossible that all the world's governments would come to an agreement to stop Blockchain technology for good, in certain areas, Blockchain won't be able to achieve its full potential. As such, Blockchain's growth will largely depend on how many governments and people accept it for daily use. Otherwise, it would not get that far.

On the other hand, AI has a greater chance of becoming accepted by the world's governments since it was released at an earlier rate than Blockchain. Not to mention, AI doesn't pose a threat to governments current economic model (unlike Blockchain). However, if both AI and Blockchain become largely accepted in the mainstream world, then I believe that our economy will change for the better. Just my thoughts

[Menawi12]

I think blockchain and AI can improve the world economy. Blockchain can make our bussiness more eficient and cost not expensive any more and AI can improve production on manufacture.
I am believe that technology development can improve our quality life

Artificial intelligence and blockchain are the two major technologies that lead the innovation and change almost every industry from automotive to healthcare.

Indeed, if both technology implemented in industry, i am believe more eficiency created and more cost can be saving. And i am believe more innovation will created

[MoreMoneyHunt]

Improving the world's economy is one of the benefits of both Blockchain and Artificial intelligence. AI increases productivity with less efforts and much speed whereas Blockchain improves payment systems and grants job opportunities and financial freedom to the people.

[RadjorBlade]

Blockchain and AI are revolutionary technologies. It can be applied and ARE already being applied in different industries not only in technology or computing - healthcare, education, manufacturing, businesses, etc. However, a lot of hype over it gave it a bad reputation. A lot of people, from what I have observed on the internet, automatically smirks at news when blockchain is mentioned. They think it is all just hype although they really do not understand even a bit of it.

Technological progress cannot be stopped, blockchain and artificial intelligence have revolutionized human civilization far ahead. Both use computer technology that is applied to the internet so that they can do the work that should be done by humans. The impact is efficiency in all fields which in the end the economy will increase.

[Dasha88fed]

AI and Blockchain is really the right combination of two revolutionary technologies that must evolve in parallel and complement each other. Blockchain is gradually being introduced into various sectors of the economy, just as AI is gradually replacing people. And this process will only continue and revolutionize. Our future will no longer be the same.

[Umkar]

Today, there are quite a lot of people who believe that AI and Blockchain are our future and today it is only developing. There is resistance, criticism, manipulation against the adoption of blockchain technology, but this is a natural process of the development of any revolutionary technology that changes people's habitual way of life.

[Abiky]

AI and Blockchain is really the right combination of two revolutionary technologies that must evolve in parallel and complement each other. Blockchain is gradually being introduced into various sectors of the economy, just as AI is gradually replacing people. And this process will only continue and revolutionize. Our future will no longer be the same.

Speaking of AI, there's a project that seeks to integrate AI and Blockchain technology for various purposes. It's called SingularyNET, and one of their developments has been a robot named Sophia which makes use of AI. Given that AI automates decision making, and Blockchain serves as the backbone of the Internet for authenticity of transactions, the world is bound to change for the better.

As you've said earlier, AI could easily replace people, while Blockchain could replace, many institutions we know of today. Banks could operate autonomously without Bank tellers or any other employee, by using AI and Blockchain technology. Also, cashiers would be replaced by AI and Blockchain tech, as AI takes care of facial recognition for purchases, while Blockchain confirms transactions made on store. As such, both technologies are revolutionary, and they could improve not only the world's economy, but also, healthcare, transportation, and more.

Nevertheless, while these technologies are totally revolutionary, their success will depend on how many people and governments worldwide would adopt them. Because, if they lack adoption, then we could remain with obsolete technologies for quite some time. Just my opinion

[eroejoe]

I think that implementation of Blockchain and Artificial Intelligence will improve the world economy, but in other hand, we will see more and more people which losing their jobs due to that improvement.

[FunGate]

Technological development always improves the world's living standards despite the naysayers and pessimists.

I think blockchain and AI will not just improve the world economy, but it will be restructured. Power will be more evenly spread out instead of being mainly held by single entities thanks to decentralization and democratized opportunity.

[alex_gr_cc]

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? 

I participate in one project on the side of the team and I can confidently say that artificial intelligence helps us to detect malicious comments in the chat. And the monetization of the project itself is arranged thanks to an internal token.

[GunsLair]

Yes, I'm sure that they will improve and positively affect the global economy, as these two technologies will develop, various services will be created on their basis which will simplify and improve the work of companies and people's lives.

[Pab]

Yes  blockchain and AI can improve the world economy
Already blockchain is used by China for food tracking
I saw movie about AI groceries in Uk
I know it is in use in groceries in more countries of the world

But maybe best example can be project what i advertise  in my signature
Virtual blockchain chip what can be integrated with any blockchain and instilled in millions billions of devices even in our smartphones and laptops   

[patarfweefwee]

Blockchain in itself is actually a very versatile and pretty much useful system. It could be used on different fields not just distribution. What's unique is that it also has a very transparent system built in it. This flexibility plus accuracy and adaptability of an AI couod be very big and helpful not just in economics.

[awik p]

Blockchain in itself is actually a very versatile and pretty much useful system. It could be used on different fields not just distribution. What's unique is that it also has a very transparent system built in it. This flexibility plus accuracy and adaptability of an AI couod be very big and helpful not just in economics.

besides that other advantages are security issues, which are hard to hack. so many blocks must be solved, so hackers will have difficulty because of that, so users benefit because their work runs smoothly

[KesoNie]

Blockchain in itself is actually a very versatile and pretty much useful system. It could be used on different fields not just distribution. What's unique is that it also has a very transparent system built in it. This flexibility plus accuracy and adaptability of an AI couod be very big and helpful not just in economics.

besides that other advantages are security issues, which are hard to hack. so many blocks must be solved, so hackers will have difficulty because of that, so users benefit because their work runs smoothly

Blockchain is very helpful to eliminate those have security issues especially to those government system. While Altcoin can help people to get earned especially when most of them are jobless. So if they allow Blockchain and Altcoin or cryptocurrency then surely their economy will be improve or possible it will have a rising economy. Beside they can give their people to have living especially those who really needed.

[wxa7115]

Maybe I am too paranoid but I have always been distrustful of artificial intelligence, I say this because you only need to make one mistake once and artificial intelligence could take control of everything, maybe I have watched too many movies about the topic but I do not like that idea, I love the blockchain and I love bitcoin and I think we're going to see a huge benefit for society as a whole if we adopt them as fast as possible.

But when it comes artificial intelligence I am not so sure, after all even if some of the apocalyptic scenarios do not become true a majority of the jobs around the world are going to be displaced and are going to be performed by that artificial intelligence and while that sounds good, my question is what it is going to happen to all of those people without jobs?