Artificial Intelligence | News | Insights | AiThority
[bsfp-cryptocurrency style=”widget-18″ align=”marquee” columns=”6″ coins=”selected” coins-count=”6″ coins-selected=”BTC,ETH,XRP,LTC,EOS,ADA,XLM,NEO,LTC,EOS,XEM,DASH,USDT,BNB,QTUM,XVG,ONT,ZEC,STEEM” currency=”USD” title=”Cryptocurrency Widget” show_title=”0″ icon=”” scheme=”light” bs-show-desktop=”1″ bs-show-tablet=”1″ bs-show-phone=”1″ custom-css-class=”” custom-id=”” css=”.vc_custom_1523079266073{margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;}”]

Blockchain Holds the Key to a New Era of Automation

We are fast approaching an era where activities traditionally carried out by people are done automatically by machines. What has been dubbed the programmable economy is the next phase in automation that goes way beyond robotic factory production lines. It will impact all parts of society and involve a combination of Artificial Intelligence, the Internet of Things, Virtual Reality and Data Analytics. It will be a smart economic system that supports and manages the production and consumption of goods and services through business conducted autonomously.

As a distributed ledger technology, on which Bitcoin and other Cryptocurrencies already rely upon, Blockchain has the potential to underpin the programmable economy. Blockchain-based digital currencies have already had a big impact and commercial and central banks are experimenting with them, but its importance goes beyond monetary interaction.

Read more: How Artificial Intelligence and Blockchain is Revolutionizing Mobile Industry in 2020?

It is the transformational technology that will hold the programmable economy together, acting as the bridge between the digital and the real world. Stratis’ Blockchain platform allows the use of Smart Contracts written in a familiar programming language, to connect buyers and sellers directly, reducing the cost and delays from relying on intermediaries to verify traditional contracts. It enables micro-contracts and micro-payments that support the IoT and the ability of devices to interact autonomously.

Related Posts
1 of 2,853

A combination of AI, Robotics and Smart contracts will one day mean that a transaction between a buyer and seller will require minimal human intervention. An order will be relayed directly to the automated factory for manufacturing, with collection by self-driving truck, loading by a port’s automated crane, transfer by unmanned ship and final delivery by aerial drone. One day in the not-too-distant future, 3D printing will make factories obsolete for certain products.

The reach of the programmable economy will also stretch to the smart home where blockchain will support automation of lighting, climate, entertainment and even the ordering of groceries via the smart refrigerator.

And it will extend to advances in Healthcare, from wearable electronic skin patches sending data to doctors to nanobots delivering medicines. Stratis is working on blockchain for online pharmacies, creating a new standard of traceability that will prevent counterfeiting of medicines and over-prescription of potentially harmful drugs. The same principles can be applied across a broad range of sectors, using blockchain to turbocharge digitization.

For those of us at the cutting edge of Blockchain technology, the task now is to develop the practical applications that will provide the foundations for this new digital economy and the reduced costs, improved efficiencies and higher quality services it will bring.

Read more: Goodbye to PINS and PASSWORDS: Future of Security is Biometric

17 Comments
  1. Georgenougs says

    Биткоин — это цифровые деньги. С 2015 года он подорожал с 200—300 $ до 60 000 $ и продолжает расти. Это сделало криптовалюты интересными для инвестиций и спекуляций. Цена биткоина меняется очень быстро и резко. http://23kfki.ru/p0002.htm

  2. wongqqxxi.com says

    2018 crf150r how to replace oil seal, 2018 crf150r how to replace oil seal video, 2018 crv how to reduce oil dilution.

  3. tipdeal.de says

    how to count calories in cooking oil, how to make hemp seed oil for hair, how to make pineapple essential oil.

  4. modern-w.com says

    how to make nokia lumia account, how to make non administrator account in windows 10, how to make non hosted adsense account.

  5. neverstopfr.com says

    how to make a musically account on ipad, how to make a musically account on iphone, how to make a musically account online.

  6. happicrm.fr says

    sunday school lesson how to grow close to god, sundance now how to turn off close captioning, sunblaze 44 how close to my plants.

  7. capturemyinfo.com says

    how long do conventional l**** take to close, how long do cuts take to close, how long do doctor have to close note.

  8. mainclan.de says

    how close is sainte chapelle to notre dame, how close is sakura terrace to gion, how close is salem high school to avamere sunny side.

  9. barfuss-run.de says

    how close can you get to the sun before melting, how close can you get to the sun in ksp, how close can you get to the sun in miles.

  10. leagueinsider1.com says

    how many turns to close a 16 inch gate valve, how close can you park to a crosswalk, summer infant umbrella stroller how to close.

  11. datascience-dirk-engfer.de says

    how to transfer waster oil, how to transfer waste oil agtalk, how to transfer vape pen oil.

  12. chickenafraido.com says

    how to use frankincense oil on face for acne, how to use frankincense oil on cancer patient, how to use frankincense oil oil.

  13. zombieislandastuces.com says

    how to use vitamin e oil brown crusty spots, how to use vitamin e oil bottle, how to use vitamin e oil as a preservative.

  14. jeden-finden.de says

    how to change chevrolet volt oil, how to change chevy equinox oil, how to change clutch oil on a 2007 trx 450r.

  15. branditprintit.com says

    how often to tip oil in diesel car, how often to top off oil, how often to top up car engine oil.

  16. schulz-loitz.de says

    how many mires to change oil, how many ml clove oil to euthanize fish, how many ml essential oil to carrier oil.

  17. XMC.pl says

    Just to let you know, this content seems a little bit strange from my android phone. Who knows perhaps it really is just my mobile phone. Great post by the way.

Comments are closed, but trackbacks and pingbacks are open.