Future technologies such as blockchain, artificial intelligence, and the Internet of Things (IoT) are being put to use to improve human lives. Individually, each of these prospects is making significant progress.
Blockchain is revolutionizing the world of finance with a decentralized currency, artificial intelligence is helping us build sentient robots, and the Internet of Things is connecting all of our devices so you can control your heating system with your phone. However, when we start blending these technologies, we begin to see the real benefits.
Blockchain Loves IoT
It sounds non-essential, but this information is what’s needed to have robots do human activities for us like clean a bathroom or serve dishes. But let’s think a little more broadly here.
Sure, artificial intelligence is great for replacing our everyday tasks like vacuuming and dusting. But what if we could enable robots to grab the mail, walk the dog, or answer the door? This is where IoT and blockchain come in. Now, we already know that a blockchain network can automate things thanks to smart contracts. Following that, think of your robot butler tied to an IoT network like IOTA.
Bringing Everything Together
Say that you’re heading home from work and your smart car needs charging. Your butler would automatically be aware of this thanks to the network, and be ready to start charging it the second you’re home. You do not need to interact with the devices or do anything for this to happen.
If the fridge notes that you’re out of carrots, your AI assistant could grab them. Maybe you’re renting out your self-driving car on a ride-sharing network. The bot would check on it before and after using. The possibilities are endless here, with blockchain networks being the foundation for other technologies to jump on board. Decentralization ensures that everything can communicate uninterrupted, and the benefits will follow.
Do you think blockchain technology is the final touch necessary for the Internet of Things and Artificial Intelligence to really take off? Let us know your thoughts in the comments below!