were top of mind at last week’s Paris Blockchain Week, where I had the privilege of presenting to an enthusiastic crowd. The blockchain and digital assets event, held beneath the world-famous Louvre Museum, attracted close to 10,000 people, an impressive 25% increase over last year, as Bitcoin traded near its all-time high and AI dominated headlines.
Doug Levin, serial entrepreneur and Executive-in-Residence at Harvard Business School, laid out the perfect use case for smart contracts in the oil industry. According to Levin, these contracts could incorporate different transactions occurring automatically at different prices, based on varying market conditions. This has the power to create a fairer, more efficient and transparent marketplace for both oil buyers and sellers.
Another highly influential business leader, JPMorgan CEO Jamie Dimon, also weighed in on AI last week. In his annual letter to shareholders, Dimon speculated that the technology has the potential to be “as transformational as some of the major technological inventions of the past several hundred years,” citing examples such as the printing press and the internet.
From smart contracts that streamline complex transactions to personalized AI assistants that can make decisions on our behalf, the possibilities of AI are endless. And with the added security and decentralization provided by Bitcoin, we may be on the cusp of a new era of financial freedom and innovation.
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