Blockchain and AI, particularly machine learning, are two quite recent revolutionary technologies that are being adopted by Governments and Businesses in all sorts of ways. In a series of articles (in 4 parts) I reflect in what ways these technologies have the potential to impact the lives of ordinary citizens. A lot of discussion has been going on about how blockchain and AI affects governments and businesses. If AI has been around for quite a long time, the more recent Blockchain technology, has taken the world by storm, as being a database system that provides us with a simple protocol that allows transactions to be simultaneously anonymous and secure, peer-to-peer, immediate and in constant flow. The beautiful promise of blockchain is that is distributes the trust which is currently allocated to centralized, large and powerful intermediaries, to a large global network of people engaged in massive collaboration, facilitated by clever coding and cryptography.

Blockchain and AI, particularly machine learning, are two quite recent revolutionary technologies that are being adopted by Governments and Businesses in all sorts of ways. In a series of articles (in 4 parts) I reflect in what ways these technologies have the potential to impact the lives of ordinary citizens. Businesses such as the ORS Group are providing innovative tools that will incorporate lots of small businesses into the blockchain, and providing them with AI-based tools that will enable them massively scale up their operations. According to the ORS President Fabio Zoffi, ORS Group has created a new concept known as Hypersmart Contracts, which will serve as the backbone to connect small businesses into global players using he combination of the AI and the blockchain. HyperSmart Contracts are smart daemons with an associated Ethereum account which run second layer, AI algorithms off-chain, to find solutions for complex optimization problems.

Blockchain and AI, particularly machine learning, are two quite recent revolutionary technologies that are being adopted by Governments and Businesses in all sorts of ways. In a series of articles (in 4 parts) I reflect in what ways these technologies have the potential to impact the lives of ordinary citizens. A lot of discussion has been going on about how blockchain and AI affects governments and businesses. If AI has been around for quite a long time, the more recent Blockchain technology, has taken the world by storm, as being a database system that provides us with a simple protocol that allows transactions to be simultaneously anonymous and secure, peer-to-peer, immediate and in constant flow. The beautiful promise of blockchain is that is distributes the trust which is currently allocated to centralized, large and powerful intermediaries, to a large global network of people engaged in massive collaboration, facilitated by clever coding and cryptography.

Artificial intelligence has fascinated the human imagination since the times this term started appearing in sci-fi books. Computer science is developing rapidly, and nowadays intelligent computers are no longer fiction -- they are the reality. Blockchain technology was first described in 2008 by an anonymous inventor of Bitcoin, Satoshi Nakamoto. Nobody knows anything about this person or group of people, and Mr. Nakamoto left the project in 2010. Yet, his (or their) brainchild is still alive and kicking, and is implemented in innovative projects all over the world.