Blockchain and AI will improve the world economy

[Abiky]

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?

You do have a point there, mate. AI could become extremely dangerous if it expands in knowledge over time. We've seen movies such as The Terminator where Skynet takes controls of the world until it establishes a war between humans and robots. While we're still in the early days of AI, anything could happen in the future as this technology advances into becoming mature for the mainstream world. On the other hand, Blockchain technology doesn't pose such a risk to humanity, since it's only a system where transactions could become verified by anyone at the safest way possible.

With the successful implementation of the Blockchain's first application (known as Bitcoin), the world would gradually shift towards a digital economy soon. However, with the combination of AI technology, I believe that Blockchain's use cases could be expanded to ways that were never thought possible before. Perhaps, as both technologies mature, centralized institutions could become replaced in the future. By then, there would be no banks at all (as people would be their own bank), no human governments (only AI would govern us all), no cashiers in store (there will be self-checkouts powered by AI), and AI-controlled medical robots (eliminating the need for human doctors and nurses).

Therefore, the transformation would be radical that will not only benefit our economy in the future, but also healthcare, transportation, and more. Just my opinion

[Altf4]

Blockchain and AI are advanced technology as now , these technology if it will be used in a goodly and order manner in the the business and economics will results in a successful future, but if there are people who will use them in an evil ways then that is another story , but focusing the use of this Blockchain and AI tech ,I think it will really improve the world economy.

[Abiky]

Blockchain and AI are advanced technology as now , these technology if it will be used in a goodly and order manner in the the business and economics will results in a successful future, but if there are people who will use them in an evil ways then that is another story , but focusing the use of this Blockchain and AI tech ,I think it will really improve the world economy.

AI has emerged with many uses nowadays. In combination with Blockchain technology, I've seen many projects that are promising such as SingularityNET, and AITrading Platform. Imagine a world where robots would make use of AI for decision making, as well as, Blockchain to confirm transactions for certain services. Or simply a world where trading decisions are automated by AI, while Blockchain takes care of order settlements and the security of decentralized exchanges.

Both technologies belong to the Fourth Industrial Revolution. Sooner or later, our world would adapt to these new technologies which aim to change not only finance, but as I've mentioned before, healthcare, transportation, and more. If they become successful enough for the mainstream world, they could virtually replace every task made by human today. This is bad in some way, since it would reduce job opportunities for people, as both AI and Blockchain would be able to fulfil most (if not all) tasks that are done by humans.

The only jobs that might well survive in the future would be Computer Technicians and Computer Scientists. Other than that, most jobs will be fulfilled by AI and Blockchain eliminating the need for middleman to reduce corruption at its minimum. Just my opinion

[nazaididuan1]

AI and blockchain are the future trends! The combination of AI and blockchain is the collision and running-in between technologies.
On the future Internet of blockchain blessing, everyone spontaneously contributes their own strength while enjoying the incentive benefits of blockchain technology.

[bummm]

AI and blockchain are the future trends! The combination of AI and blockchain is the collision and running-in between technologies.
On the future Internet of blockchain blessing, everyone spontaneously contributes their own strength while enjoying the incentive benefits of blockchain technology.

Like the Internet has changed our lives and made it completely different, the blockchain technologies will bring progress. Of course, it will affect the economy making it better.

[Abiky]

Like the Internet has changed our lives and made it completely different, the blockchain technologies will bring progress. Of course, it will affect the economy making it better.

Yes. Blockchain technology is often compared to the "next Internet" of the world. By bringing decentralization with the removal of middlemen, Blockchain could not only help improve our economy in the future but also our very lives. The Internet could become decentralized once more with the inception of dApps, while crowdfunding and IPOs could gain better control via the use of highly secure Blockchain tokens.

On the other hand, AI could replace humans in every way, as it automates decision making in many well-known careers such as Cashiers, Bank Tellers, Mail Delivery, and more. When combined with Blockchain tech, you get a fully robust system that's able to control everything we do on our lives without the need for third-party intervention. We may not see it that way now, but as both technologies progress over time, businesses, governments, and individuals will be using them at a large scale.

Therefore, AI and Blockchain would greatly impact our world in a highly positive way sometime in the future. Just my opinion

[jatin729]

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? 

Well Both are very new technology in the world but do you know for implementation of both technologies we need strong regulations. That's why most of the nations govt. are firstly focusing on the rules and regulation before consider blockchain into the system.
NO doubt Both technologies have potential to help into the growth of economy but we have not seen any single example of any country that shows any economy growth because of Blockchain technology.

[biskitop]

no, it will only make the world look more sophisticated. but what about the fate of poor countries where there are so many unemployed people there, they certainly cannot adopt anything from technological sophistication in the future, such as the example of AI and this blockchain.

[Dhoe]

no, it will only make the world look more sophisticated. but what about the fate of poor countries where there are so many unemployed people there, they certainly cannot adopt anything from technological sophistication in the future, such as the example of AI and this blockchain.

Blockchain technology certainly will be a good system for sake of the progress in a country, and I am sure in the future most countries will adopt this Blockchain system into their life. So, prepare ourselves to receive this advanced technology.

[trauchot]

I completely agree with this, blockchain and AI technologies are now at the very first stage and we can study them for a long time to fully understand all their capabilities and how we can improve the global economy and achieve the goals about which we had previously just dreaming. Blockchain and AI technologies are already being introduced into many areas and thus they show very good results and excellent abilities, and this suggests that the world economy will begin to improve over time.

[Ahimoth]

I completely agree with this, blockchain and AI technologies are now at the very first stage and we can study them for a long time to fully understand all their capabilities and how we can improve the global economy and achieve the goals about which we had previously just dreaming. Blockchain and AI technologies are already being introduced into many areas and thus they show very good results and excellent abilities, and this suggests that the world economy will begin to improve over time.

There huge possibility Blockchain and Altcoin can improve the world economy by means of using it of many people to their country. Also if the system of the country have the same as blockchain then surely it will lessen the not good system of many country and if many people used altcoin then they can get opportunity to get earn even those jobless.

[Abiky]

no, it will only make the world look more sophisticated. but what about the fate of poor countries where there are so many unemployed people there, they certainly cannot adopt anything from technological sophistication in the future, such as the example of AI and this blockchain.

You do have a point there, mate. However, it's believed that many third-world countries would gain access to the Internet and other advanced technologies for their own benefit. As Internet costs reduce over time, people from those countries could gain access to the Internet in a much easier way. This would allow them to harness the power of blockchain technology within the future. It's been heard that several projects have been working to help make the Internet accessible to the whole world.

The Internet would be transmitted across several satellites, enabling people at any region to effectively gain access to it. Some projects have even said that they'll distribute Internet access for free. This means that sometime in the future, the Internet would expand its reach to areas that were never thought possible. When this happens, everyone would be using both Blockchain and AI for nearly everything you would imagine. Of course, there needs to exist a proper regulatory framework for these technologies to succeed. If countries could effectively regulate both Blockchain and AI, then our economy and society would improve in many ways. Just my thoughts

[reality18]

There is no doubts about the incredible contributions the Blockchain and AI technologies offer the the world's economy. These two technologies have got the tendency of improving work efficiency and productivity by limiting man-powered jobs and offering speed in production and service delivery. The Blockchain can be harnessed by all firms and institutions especially the ones that use use big data record keeping.

[DevilSlayer]

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 world is becoming more high tech than before, the Blockchain technology is now getting more popular in our society. There are now many financial institutions who are now using blockchain technology.

[Dr.Osh]

no, it will only make the world look more sophisticated. but what about the fate of poor countries where there are so many unemployed people there, they certainly cannot adopt anything from technological sophistication in the future, such as the example of AI and this blockchain.

Blockchain technology certainly will be a good system for sake of the progress in a country, and I am sure in the future most countries will adopt this Blockchain system into their life. So, prepare ourselves to receive this advanced technology.

currently there are so many developments with blockchain and AI. even some countries develop it for their benefit. well, this is good enough for the development of cryptocurrency in the future.

[Michael_Cox]

I doubt the government will agree backing up something like blockchain, which is prominent for its anonymity. For the government to back it up, they need to have access with it. Do you think they will agree with blockchain's current terms? I don't think so. That said, blockchain and AI does have a potential to improve a particular country's economy. But just how vastly, we can never tell until we get there.

[gegewojinnian18]

This is inevitable, and this will come soon. We only need to wait patiently for ten years. 5G, blockchain, artificial intelligence, and intelligent driving are all inevitable development directions in the future. Bitcoin will be worth hundreds of thousands of dollars in a decade.

[jerome.345]

I think blockchain and AI can improve world economy. With so many developments due to the tech and many solutions to problems being provided,  the economy of the world will improve.  Even now in China,  for example, where they have a population problem, with seniors comprising a large number of the population and this number stated to grow in coming years.  Companies like HiNounou seek to provide better healthcare options with blockchain tech and better the lives of these ones.  This is just one number among numerous others.

[Abiky]

The world is becoming more high tech than before, the Blockchain technology is now getting more popular in our society. There are now many financial institutions who are now using blockchain technology.

That's certainly true, mate. Several financial institutions have been testing the blockchain for their own benefit. On the other hand, many countries have considered launching their own digital currency on a blockchain of their own. This means that cash will cease to exist, as blockchain would enable a whole new world of finance like never before. Considering how Ripple made partnerships with several banks worldwide, it could become the backbone of our economy in the future. By then, the blockchain will be in nearly every aspect of our lives.

This means that transactions will become quicker, transparent, and much more secure in the future. Banks will be able to quickly and cheaply send money between them with ease. On the other hand, AI could play a key role in managing many decisions made by humans today. Perhaps with the advancement of AI, Bank tellers would cease to exist, as the customer would interact with a machine to deposit/withdraw money. Also, drones operated by AI would help us deliver packages (no need for a delivery guy), kill a target (for the military), and even provide internet access.

Nonetheless, technology is advancing faster than we've ever imagined. Which could only be a matter of time, before Blockchain and AI gains full steam ahead in transforming the economy, politics, health, transportation, military, and more. The revolution has already begun ever since AI and Blockchain were born. Just my thoughts

[2chase]

I think that the author of this topic thinks in the right direction. I believe that artificial intelligence has long occupied one of the leading places in the management of world finances - all major markets and trading on them has long been carried out using programs based on artificial intelligence.