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In a world where the distinction between hype and innovation is becoming increasingly blurred, blockchain and artificial intelligence (AI) stand out as the most significant technological advancements.
Clearly, these technologies provide a great deal of room for the disruption of existing systems, and the number of potential applications is increasing every day.
Some believe that venture capitalists have switched from crypto to artificial intelligence, looking for the next big thing.
Meanwhile, the crypto industry resorted to creating AI-powered blockchain solutions so that venture capitalists (VCs) could have the best of both worlds.
It is estimated that the global blockchain market will be worth more than $94 billion by 2027, with a CAGR (compound annual growth rate) of 66.2%.
Meanwhile, the blockchain AI market is forecast to reach $980.7 million by 2030, at a CAGR of 24.1%.
As blockchain and AI continue to become more integrated, their impact on the global market is expected to intensify.
While some fear we’re on the verge of a Frankenstein moment with two powerful technologies mingling to build a revolutionary monster, companies around the world are already leveraging the blockchain and AI combination for transformative solutions.
Autonomous agents
AI-powered autonomous agents can be used to automate a variety of tasks such as scheduling, monitoring, predicting and optimizing.
These agents can be programmed to identify patterns in data and make decisions without the need for human supervision.
Through the use of three disruptive technologies, AEAs (autonomous economic agents) can search, negotiate and execute transactions in many industries, including manufacturing, transportation and even in consumer goods like self-driving cars and smart homes.
In the crypto world, there are ambitious projects that blend AI, blockchain and Internet of Things (IoT).
Blockchain, with its data supply, provides an ideal environment for intelligent agents, due to the constant availability and logical connection of the data, coupled with robustness and low transaction costs.
Blockchain technology enables value transfer and acts as a coordination mechanism for autonomous agents.
Blockchain is also used to record the agreements between these agents, ensuring that transactions are immutable and transparent.
AI and finance
Financial modeling and investment strategies can be improved by using AI and blockchain…
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