AI and blockchain to reshape industries and spawn new markets, says Moodys.

AI and blockchain to reshape industries and spawn new markets, says Moodys.


Artificial Intelligence and Blockchain: A Transformational Tipping Point

A report from Moody’s Investors Service published on Sep. 6 predicts that artificial intelligence (AI) and blockchain technologies have reached a “tipping point” that will reshape industries and create new markets. The combined impact of A.I. and distributed ledger technologies (DLTs), like blockchain, goes beyond corporate balance sheets and will likely lead to the shrinking or disappearance of established industries while birthing new ones.

“Transformative technologies can shrink or wipe out established sectors. A.I. will drive the emergence of new sectors, such as content generation, mobility, education, or healthcare. DLT has already given rise to digital currencies and decentralized finance, though their track record has been uneven.”

The report likewise outlines the positive effects of A.I. and DLT. A.I. will boost economic growth by automating tasks and offsetting the impact of aging populations. DLT fosters financial inclusion and modernizes payment systems. Nonetheless, it may take until the next decade for these advantages to materialize fully.

The Impact on Worldwide Financial Markets

A.I. and DLT will strengthen process efficiency, create new products, and improve credit profiles for financial corporations, provided that financial, regulatory, and cybersecurity dangers are adequately addressed.

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The report emphasizes that the transformation will bring both opportunities and dangers. Credit risk measures, including business strategy, financial performance, governance, risk management, and industry and economy-level changes, will be influenced by these technologies.

“The overall economic and financial effects of technological changes are likely to be positive. Nonetheless, the distribution of costs and advantages between people, corporations, and countries will differ significantly.”

Hot Take

The intersection of A.I. and blockchain technologies marks a turning point that will reshape industries and create new doors. Although while there are challenges and dangers to address, the  capacity advantages for economic growth, financial markets, and societal progress are substantial. It is critical for individuals, corporations, and countries to adapt and navigate this transformative landscape to secure a fair and inclusive distribution of rewards.

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