Machines will be part of crypto and blockchain community (Singularity)
Can Cryptocurrency and Blockchain technology play a vital rule in the Artificial Intelligence singularity movement? Artificial Intelligence community have been arguing about singularity phenomenon, to the extent that many reputable scientists like (Elon Mask, Michiokaku) are expecting this phenomenon to be a reality as very early of 2031, so what is singularity? And can cryptocurrency play a vital role it cryptography to build innovative cryptographic data structures which with Artificial Intelligence algorithms can be so smart and you can expect to the prsence of machines as a part of business contract, what about the Internet Of Things (IOT) that proof a good business part, as supposedly you can engage in contractual activity with any smart device connected to network.
where Is smart contracts technology now?
Since smart contracts deal directly with valuable units of currency between contractual parties, this leads to risks regarding the security of the clients representing contracts that may be implemented with bugs, back-doors, so if you load money into a buggy smart contract you will likely lose it, so as a conclusion, the area of programming of smart contract faces many challenges but on the other side, it enjoys great and substantial potentials to build sustainable networks of distributed nodes (Humans, Machines) that run an open source software and get recorded on a public ledger, and most importantly, ruled by trustless protocols, these protocols can be written and implemented to novel aims.
Problems facing smart contract technology
but the problem facing now smart-contracts technology is distributed among software developers, hardware implementors the difference between both parties culture has a great role delaying the technology but this will not be the case for long time as Artificial Intelligence algorithms will mature enough to start building its own networks
the singularity describes the moment when a civilization changes to the limit that its own rules and technologies will be incomprehensible to the current reality.
Blockchain technology allows supressed third world citizens to ditch corrupted and centralized goverments
Imagine third world countries people ditch governments and start using applications build free markets on top of blockchain technology and open-source hardware.
it all starts by abstracting all services and products people trouble networking it through markets governments offer and begin rebuild the markets within new ecosystem a main blockchain harness the people to achieve consensus, privacy and security by giving the chance to every individual the ability to starting from initiatiation of a digital identity conserved by the blockchain up to the most sophisticated service or product the governments offers through its markets and can be applied by there technology.
what are the problems with governments and big companies (Centralized Organizations) ?
range of the possibilities:
whats next?
Proof of intentions protocols.
Decentralized wisdom protocols ( polling and decision distribution protocols ).
Voting systems.
Crowd funding.
Implementation through initial public offering .
Echosystem and sustainability of the whole system.
