PauloBos

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Artificial intelligence (hereinafter: AI) is going to be one of the major emerging technologies to disrupt our society. AI leverages computer power and machines in order to solve problems in a similar way humans do (IBM, 2020). Through this emerging technology humans try to make machines intelligent just as people (IBM, 2020). However, this emerging technology is still in its infant stage. Nonetheless, AI is set to disrupt all industries and the way human’s life.

Since AI tries to mimic the human mind and problem-solving skills a lot of (repetitive) tasks in the future can be completed by the emerging technology. In my vision of AI, humans will have a digital servant which completes tasks for you. This digital servant will perform basic tasks but also tasks that are difficult to grasp for humans since it consists of too much data. For example, the digital servant will manage your personal agenda by sending out invites to others, automatically incorporate recurring events, and suggest possible activities you could do. However, one step further than that is that digital servants of different individuals will communicate with each other. As a result, the digital servants can communicate with each other to find the best time for two persons or a group to meet. Humans normally find it very difficult to analyze these timeslots and see all the different options. Nonetheless, the digital servants will be able to do this instantly. Furthermore, the digital servants will be able to do other things, such as plan entire holidays, order groceries and manage text messages.

All in all, AI is going to transform much more things in our personal life than I just mentioned. However, I think it still will take some time before the emerging technology is well established to utilize in our personal life’s. I hope it will be for the better.

References:

(IBM, 2020)

https://www.ibm.com/nl-en/cloud/learn/what-is-artificial-intelligence

5/5 (1) In this blog post, I will discuss and elaborate on the use cases of non-fungible tokens (hereinafter: NFTs). NFTs are tokens that represent real-world objects, such as art, houses, cars, or music, which are unique and cannot be replaced by something else (Clark, 2021). As a result, NFTs function as digital security for many real-world objects by ensuring authenticity (Conti & Schmidt, 2021). NFTs gained popularity in 2021. However, the technology has been around since 2014 (Conti & Schmidt, 2021). The popularity of NFTs in 2021 was primarily driven by art sold through NFT, which caught a lot of hype.

However, NFTs can be used for a wide range of use cases, especially when one wants to ensure the authenticity of a real-world object. One can think of a digital revolution in the real estate market where a notary is not necessary anymore to ensure that deed of delivery of a house is completed. As such, in the near future, homes can be transferred between individuals without controlling third parties, such as notaries. Furthermore, regarding art, the different parties involved in a transaction can ensure authenticity since a NFT cannot be duplicated. Therefore, one is always sure when a NFT is received that it is the specific real-world object that both parties were talking about. Moreover, one use case that has not been touched upon heavily in the business world is to set up companies on NFTs. It is imaginable that companies can be transferred by transferring the specific token to another party in the future.

In my opinion, NFTs are going to make transactions between parties easier since authenticity can be ensured. Besides, costs can be saved since intermediaries are not necessary anymore. As a result, markets become more efficient. Therefore, I see NFTs as a massive benefit for our economy and daily life’s. However, the technology still needs to evolve, and regulations will need to be in place to ensure a smooth transition.

References:
(Clark, 2021)
https://www.theverge.com/22310188/nft-explainer-what-is-blockchain-crypto-art-faq

(Conti & Schmidt, 2021)
https://www.forbes.com/advisor/investing/nft-non-fungible-token/

Your personal artificial intelligence servant

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Enhancing authenticity through non-fungible tokens

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