AI & Blockchain: Revolutionising Governance and Economies

12/29/24 • 17 min

Convergence of Immersive Tech, Blockchain and AI

Introduction:

This document provides a summary and analysis of two articles discussing the converging trends of immersive technologies (spatial computing), blockchain, and artificial intelligence (AI). The first article, from the World Economic Forum, highlights the transformative potential of this convergence across various sectors, while the second article proposes groundbreaking concepts for how AI can revolutionise blockchain, cryptography, and various government and socioeconomic systems.

Source 1: World Economic Forum - "How immersive technology, blockchain and AI are converging"

Main Themes:

Convergence is Key: The central argument is that the convergence of spatial computing (AR/VR/MR), blockchain, and AI is not just an incremental improvement, but a paradigm shift that redefines how we interact with both the digital and physical worlds. This convergence is described as a "meeting of tech" that unlocks new possibilities.
"Spatial computing, AI and blockchain are converging, and this meeting of tech is unlocking new possibilities by redefining our interaction with the digital and physical worlds."
Spatial Computing as a New Interface: Spatial computing is framed as moving us beyond traditional two-dimensional interactions. It transforms users from passive viewers to active participants in blended realities.
"This shift is more than technological — it's a redefinition of experience, turning passive viewers into active participants in blended physical and digital experiences."
Blockchain for Decentralization and Trust: Blockchain and Web3 are viewed as key for enhancing digital identity and transactions, empowering users with more control over their data and assets while fostering security.
"This shift towards decentralization is democratizing the digital landscape and ensuring that users are the rightful custodians of their digital identities."
AI for Personalisation and Efficiency: Generative AI is presented as a powerful enabler for creating personalized, dynamic digital environments, automating tasks, enhancing creativity and tailoring experiences.
"This technology is not just about automating tasks; it's about enhancing creativity and providing individualized experiences tailored to a person’s needs and preferences."
Industry Transformation: The convergence of these technologies is already having an impact across industries like retail, financial services, and healthcare, going beyond individual applications. This is due to the ability of the technology to transform human-computer interaction and streamline and automate processes.
"These technologies now extend beyond their applications to collectively transform industries."
Need for Collaboration and Adaptation: The article stresses the need for collaboration among businesses, technologists, policymakers, and the public to ensure positive societal and economic impact. Changes are required not just in technology, but in regulations, governance, and cultural attitudes. It is important that the new technologies are embraced and that they are clearly understood.
"The success of these technologies depends heavily on societal acceptance and cultural adaptation."
"Beyond mere technological innovation, we must also rethink and transform innovation’s supporting frameworks."
Phased Integration: The article acknowledges that full synthesis will take time, with early adopters already seeing benefits from two-way synergies. It is not an "all or not

Support the show

Send us a text

Convergence of Immersive Tech, Blockchain and AI

Introduction:

Source 1: World Economic Forum - "How immersive technology, blockchain and AI are converging"

Main Themes:

Convergence is Key: The central argument is that the convergence of spatial computing (AR/VR/MR), blockchain, and AI is not just an incremental improvement, but a paradigm shift that redefines how we interact with both the digital and physical worlds. This convergence is described as a "meeting of tech" that unlocks new possibilities.
"Spatial computing, AI and blockchain are converging, and this meeting of tech is unlocking new possibilities by redefining our interaction with the digital and physical worlds."
Spatial Computing as a New Interface: Spatial computing is framed as moving us beyond traditional two-dimensional interactions. It transforms users from passive viewers to active participants in blended realities.
"This shift is more than technological — it's a redefinition of experience, turning passive viewers into active participants in blended physical and digital experiences."
Blockchain for Decentralization and Trust: Blockchain and Web3 are viewed as key for enhancing digital identity and transactions, empowering users with more control over their data and assets while fostering security.
"This shift towards decentralization is democratizing the digital landscape and ensuring that users are the rightful custodians of their digital identities."
AI for Personalisation and Efficiency: Generative AI is presented as a powerful enabler for creating personalized, dynamic digital environments, automating tasks, enhancing creativity and tailoring experiences.
"This technology is not just about automating tasks; it's about enhancing creativity and providing individualized experiences tailored to a person’s needs and preferences."
Industry Transformation: The convergence of these technologies is already having an impact across industries like retail, financial services, and healthcare, going beyond individual applications. This is due to the ability of the technology to transform human-computer interaction and streamline and automate processes.
"These technologies now extend beyond their applications to collectively transform industries."
Need for Collaboration and Adaptation: The article stresses the need for collaboration among businesses, technologists, policymakers, and the public to ensure positive societal and economic impact. Changes are required not just in technology, but in regulations, governance, and cultural attitudes. It is important that the new technologies are embraced and that they are clearly understood.
"The success of these technologies depends heavily on societal acceptance and cultural adaptation."
"Beyond mere technological innovation, we must also rethink and transform innovation’s supporting frameworks."
Phased Integration: The article acknowledges that full synthesis will take time, with early adopters already seeing benefits from two-way synergies. It is not an "all or not

Support the show

Previous Episode

📈 Fractionalized Assets: Tokenization of Art, Real Estate & Beyond

Send us a text

This podcast episode discusses fractionalized assets, exploring how blockchain technology allows for the division of ownership in high-value assets like art and real estate into smaller, tradable tokens. Experts highlight the benefits of increased accessibility and liquidity, enabling broader participation in previously exclusive markets. However, they also address challenges such as regulatory uncertainty, governance issues, and technological risks. The discussion concludes with advice for investors to proceed cautiously and educate themselves before investing in this developing area. The overall tone is optimistic but realistic, acknowledging both the potential and the pitfalls of this innovative approach to ownership

Support the show

Next Episode

Real Estate Meets Crypto: Spotlight on Abu Dhabi’s Regulatory Innovations

Send us a text

In this episode of the Mythical BTC Podcast, we dive into the United Arab Emirates' groundbreaking efforts to integrate cryptocurrency and blockchain into the real estate market. The UAE, with its futuristic vision and proactive policies, has become a global leader in cryptocurrency adoption, particularly in cities like Dubai and Abu Dhabi. From enabling Bitcoin property transactions to exploring tokenized real estate, the UAE is setting new standards for innovation.

We explore the key drivers behind this crypto revolution, including the role of Dubai’s Virtual Assets Regulatory Authority (VARA) and Abu Dhabi’s Global Market (ADGM). Learn how these entities are creating a secure, comprehensive framework to regulate cryptocurrency activities while encouraging fintech startups and global investors to participate in the UAE’s vibrant economy.

Key highlights include:

Cryptocurrency in Real Estate: Discover how major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Tether (USDT) are now accepted for property transactions in the UAE, from luxury apartments to villas in prime locations like Palm Jumeirah.
Tokenization of Real Estate: Explore how blockchain is enabling fractional ownership, transforming traditionally illiquid real estate markets into more accessible and liquid opportunities.
Speed and Accessibility: Find out how cryptocurrency transactions offer faster processing times, eliminate exchange rate fluctuations, and open doors for international investors.
Abu Dhabi's Regulatory Edge: Dive into ADGM’s innovative efforts, including its regulatory sandbox and tokenized asset projects, which are attracting fintech talent and institutional investors from around the world.

But it’s not all smooth sailing. We also unpack the challenges the UAE faces in this ambitious journey, such as crypto price volatility, cross-jurisdictional legal issues, and the need for robust cybersecurity measures. Despite these hurdles, the UAE’s integration of blockchain technology in real estate demonstrates its commitment to becoming a global hub for digital assets and economic diversification beyond hydrocarbons.

Whether you're a crypto enthusiast, real estate investor, or tech visionary, this episode provides a fascinating look at how blockchain is reshaping industries and creating new opportunities in one of the world’s most dynamic markets.

Tune in to discover how the UAE is not just adopting blockchain but redefining its potential in real estate and beyond.

Support the show