We observed that money is just a fancy paper and data is the new currency, thanks to innovative advancements in the tech-enabled era. Data attracts investors and tech enthusiasts, when in the form of digital tokens, values, statistics and decisions as well. It’s well clarified that data needs to be secured and scaled for operational implementation.
Both AI and Blockchain technologies are fighting to have a strong footing, while attracting investors to increase fundamental development. Enterprises and consumers tussle to judge “which is the best” as far as future-ready solutions are concerned.
But practically, it’s better to utilise maximum when AI can surpass humans. In the same way, blockchain technology was just a concept based on predictable trials and errors, when Nakamoto executed it and made bitcoin transactions using the first blockchain in 2009.
Multifarious prospects came in front of the ambitious investors with the advent of the rising AI and blockchain market. The size of the worldwide AI market exceeds more than $136 billion, anticipated to nurture at a CAGR of 32% striking a record high of US dollars 1500 billion.
Since the first AI Chatbot ChatGPT became popular, all eyes led to AI. Everyone started exploring the use of AI chatbot through various means. The investors got attracted and termed AI, a lucrative investment with this unparalleled growth.
Next 10 years down the line, the AI market is anticipated to grow 18 times if compared with the present time. Around above 48% of businesses across the world, in several vertical roles have started using AI for applying data and creating precise human error resistant solutions. Every blockchain development company got panicked with this unexpected strengthening in AI-developed solutions
The value of the blockchain market was 10 billion US dollars in 2022 while the crypto market saw a huge fall at the end of 2022. It was due to FTX which was on the edge of collapse succeeding the arrest of Sam Bankman-Fried, soon after the news of another crypto fugitive Do-Kwan. The crypto investors got concerned observing the market figures, hence people started losing interest in crypto.
Moreover they even started interrogating the blockchain technology made platforms.
Practically, the blockchain industry always recovered from several ups and downs. Hence there are multiple ways the blockchain industry can pull through this time too from such investors’ damages.
Gradually the technology has spread its consistent roots all around the verticals. To reorganise the very fundamentals of the technology or product/solutions, it is combined with is the main idea of blockchain technology.
Being the face of blockchain, not necessarily, Crypto could mess up the growth of the technology. According to people’s understanding of other technological applications of blockchain, it can never be the best but one of the most bankable investments. Blockchain can offer high-scale security with less to no friction between transactions.
Which can elevate the business processes of many industry niches.
Blockchain is the most ascendable investments for the future even after some of the most deadly repercussions like crypto winter, failed algorithmic stablecoins and so on.
Blockchain is one of the technological innovations, which proves that Indians have the potential to cross bridges that are standing upright. By introducing Fintech apps, software, block chain solutions and even India’s own digital currency, the Indian government has already started to make aggressive changes. It is estimated jointly that using CBDCs and other blockchain-based digital assets will add 1 trillion USD to the Indian economy.
We can observe a 56% shift of Indian businesses adopting blockchain, the top contenders are supplying chain management, financial sectors, the healthcare sector and the government. Creating digital identities, wallets and even currencies will help 23% of the Indian population without any official bank accounts. So, it will be able to create a whole new ecosystem of its own.
A report showed 90% of crypto buyers and 60% of blockchain investors are Gen-Z. They simply understand the technology on an appreciable level. They know how widespread its applications are and help them to quadruple their portfolio with secured investment. Hence eventually blockchain is one of the most profitable investments for the future if you know how the technology scales and employs itself in various industries.
There are plenty of investment opportunities, helping the technology to reach 20 billion dollars in global revenue during 2023. The ROI is impressive too as blockchain will begin to deal with technological sectors like setting up and building Value Chains ensuring reliability, authenticity, and ownership of the contracts as well as digital assets. Reducing friction when it comes to international trade, while decentralisation is one of the most enterprising boosting the investment piggy bank for blockchain. Finally, there are blockchain applications in various industries to improve data efficiency, scalability and reliability.
Blockchain is surely an amazing investment opportunity, which plays a pivotal role in upgrading the established systems in various verticals. The CAGR of the blockchain industry is expected to hit 85% by the end of 2030. Technology is extremely valuable and serves influential industries that have a high-scale impact in the world.
Ultimately blockchain has the peculiarities that will help it to sustain and enable enterprises. On the other hand, AI will accelerate those developments with unimaginable accuracy. One must learn that both technologies can be synergized to serve a sustainable developing future.
The rise of AI is an inevitable beginning but there are no trends that could affect the blockchain sector. As countries are built on scaling economies, Blockchain and AI will help to become a reality by introducing concepts of smart financial planning, decentralised governance, adequate authenticity and so on.
Both AI and blockchain are able to penetrate and revamp the fundamentals of numerous technological applications. Undoubtedly, both the technologies are profitable and will keep on experiencing incredible growth.
Disclaimer
Views expressed above are the author’s own.
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