We reside in a world that might be considered a black swan blockchain AI crypto tsunami. This is having a dramatic impact on the world in which we live, transforming it. This has the impact of making some people feel anxious. Yet it is worth looking back in time at other developments that made people uncomfortable in the past. For example, when the Stockton-Darlington Railway opened in 1825, people were very wary. They thought it was not natural for the human body to travel at tremendous speeds like 30 miles an hour. Of course, everyone moved on and accepted the change.
AI, crypto and blockchain are having a bit impact on life in the 21st century. They are disrupting principles that have underlined the economic structure and they may soon change the ways in which people interact with one another. In 1995 people did not think the internet would take off, yet it did, and in 2018 and beyond, blockchain, ICOs and crypto will have a similarly transformational impact on life as we know it. This will require paradigm shift.
Online identity and reputation will be decentralised and we will own our own data. Equally, there will be digitalisation and tokenisation of health, economics and finance identification. The parallel between commoditisation and digitalisation/tokenisation of the economy and the new digital models of finance and trading will be very important. The new model will be known as crypto economics or token economics.
Token economics (also known as crypto or digital currencies) can be measured in various ways. There are security tokens, utility tokens, commodity tokens, crypto assets funds and tokens of different types in industry areas. There are also a variety of ways to measure blockchain tokens, which are also known as crypto or digital currencies. These include bitcoin, value asset collective item, currency security, payment form utility reward system and commodity value of exchange.
To bring about change, institutions need to consider and implement decentralised models. This applies to businesses, regulators, governments and financial institutions. This will have the beneficial impact of enhancing resilience, stability and integrity. DLT and crypto economics models must be central to government and other institutional activity, and this will have a knock-on effect on other organisations too. Finding a balance between centralised and decentralised forms of governance is likely to be a critical issue driving this (or not). In addition, user experience and user interfaces need to be enhanced so businesses can be sustainable and competitive.
This is why we believe that blockchain together with AI and crypto are a powerful and possibly disruptive tsunami.
You can read more about how these technologies are impacting the world profoundly on the following slideshare, done by Dinis Guarda
Why not review the evidence for yourself?