In recent years, cryptocurrencies and artificial intelligence (AI) have received increasing attention and are often touted as the future of technology and business. Cryptocurrencies like Bitcoin and Ethereum enable fast and secure financial transactions, while AI is changing the way businesses and societies make decisions and solve problems. But how much potential do these technologies really have? Are they just passing trends or do they have the potential to have a long-term impact on our world? In this article, we will discuss the future prospects of cryptocurrencies and AI and examine whether they can really deliver what they promise.
Crypto technologies and artificial intelligence – a combination that should not be underestimated
The combination of blockchain and AI technology offers numerous advantages that generate added value on different levels. A major advantage is the authenticity of the data. Using blockchain technology allows the origins and history of data to be recorded, which in turn increases confidence in the integrity of the data. This also helps with the AI explained challenge as blockchain technology provides insights into the framework behind the AI and the origin of the data. The combination of blockchain and AI can thus help improve trust in the recommendations made by the AI.
Another added value of blockchain and AI technology is the augmentation, i.e. the improvement of business processes. The AI is able to quickly read, understand and correlate data. By combining AI and blockchain, AI can access large amounts of data to gain valuable insights and manage data usage and sharing. This results in AI becoming more scalable and able to provide higher levels of intelligence for blockchain-based business networks. The security of the data can also be improved by using blockchain technology.
The automation of business processes is also an important advantage of blockchain and AI technology. It can help improve the business process and increase efficiency. In particular, the use of AI models integrated into smart contracts on the blockchain enables business processes that are distributed among multiple parties to be automated. For example, the AI can be used to recommend expired products that need to be recalled or to recommend choosing the most sustainable shipping method. The combination of AI, automation and blockchain thus leads to a higher level of efficiency by removing friction and accelerating processes.
Possible applications of AI-supported blockchain technology:
The combination of blockchain and AI technology offers numerous application possibilities that offer new opportunities across different industries. One of the areas where this is particularly evident is in the supply chain. By digitizing paper-based processes, providing shared and trusted data, and integrating intelligence and automation, blockchain and AI can help transform supply chains and create new opportunities. An example of this is the ability for manufacturers to track CO2 emissions data at the product or part level, making their decarbonization efforts more accurate and smarter.
Blockchain and AI technology can also have a significant impact in the financial sector. By building trust, removing friction from multiparty transactions, and speeding up transactions, blockchain and AI can help transform the financial industry. For example, as part of the credit process, applicants may give their consent to view personal records stored on the blockchain. Trust in the data and automated processes for evaluating applications help to achieve faster deals and improve customer satisfaction.
Blockchain and AI technology can also play an important role in healthcare. AI can help generate treatment insights and support user needs, as well as identify insights from patient data and uncover patterns. With patient data on the blockchain, including electronic medical records, organizations can collaborate to improve care while protecting patient privacy.
Where does the current hype come from and is it justified?
Cryptocurrencies in the artificial intelligence (AI) space are experiencing sharp price increases these weeks, but some of the price increases seem to be more a proxy for the AI bubble than directly related to the technology. A study by JP Morgan shows that traders are increasingly turning their attention from blockchain to AI. The AI cryptocurrency market has reached a market cap of $4.27 billion, up 56% from the previous week.
AI cryptocurrencies are influenced by real and tangible developments in the AI and blockchain industries as well as hype and investor sentiment. Cryptocurrencies in the AI space have gained popularity in recent months with the growth of chatbots and image generation tools powered by AI models such as ChatGPT and Dall-E. While the hype surrounding AI cryptocurrencies is reminiscent of the flood of initial coin offerings (ICOs) in the crypto industry, analysts show that the general risk-taking investment sentiment in the crypto industry also plays a role.
AI cryptocurrencies like GRT, AGIX, and FET have seen sharp price increases over the past few months. Nevertheless, there are also skeptical voices who point out that the actual usefulness of cryptocurrencies in the AI area has not yet been sufficiently tested. Experts therefore advise investing carefully in projects that promote real and sustainable development of AI technologies in the blockchain area.
This crypto project relies on sustainability instead of AI and will soon multiply its value:
In view of the increasing number of electric vehicles on our roads, the development of efficient and convenient charging options is becoming increasingly important. In this context C+ batch developed a platform that aims to revolutionize charging and payment for electric vehicles. The integration of blockchain technology, which ensures fast and transparent payments, is particularly noteworthy. C+Charge works with existing charging infrastructures and builds new ones to ensure nationwide coverage. With the C+Charge app, users can find nearby charging stations and even get real-time information on their vehicle’s diagnostic data.
Another feature of C+Charge is that EV owners are rewarded with Goodness Native Tokens (GNT), which act as CO₂ compensation. These tokens are backed by major venture capital firms such as a16z Crypto and Invesco and offer users the opportunity to trade the tokens on the platform. The C+Charge Pre-Sale has been a huge hit so far, raising more than $2 million. Now is the perfect time to jump in as the price of the token will increase in the next pre-sale phase. Buying C+Charge tokens offers users not only platform usage benefits, but also long-term benefits from the increasing demand for green charging solutions.
As e-mobility becomes more and more important, C+Charge will undoubtedly play an important role in the development of charging solutions. The innovative platform of C+ batch combines blockchain technology and sustainability, making it a big step towards a clean and green future. EV owners can easily and conveniently charge their vehicle while helping to improve the environment.
