Blockchain, IoT and AI -- A Perfect Fit

Blockchain, IoT, and AI are innovative technologies which will pave the way of digital transformation and will disrupt various industries. These three technologies will converge and will create new business models: Autonomous agents (i.e., sensors, cars, machines, and other IoT devices) will act as own profit centers 1) that have a digital twin leveraging IoT, 2) that autonomously send and receive money leveraging blockchain technology and 3) that autonomously make decisions as independent economic agents leveraging AI and data analytics. We argue that this convergence of technologies will drive the development of such autonomous business models and the digital transformation of companies.[1] Currently, the interconnection between these innovations is mainly neglected. However, these innovations can and should be applied jointly and will converge in the future.