Kevin O’Leary, the Shark Tank personality, anticipates that AI and blockchain could revolutionize the way we make purchases.
In a
brief video shared on X
on October 19th, he illustrated the potential for these technologies to automate simple transactions, like buying a cup of coffee, without human interaction.
While promising, O’Leary cautioned that current systems lack the capacity for widespread implementation.
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Many blockchain infrastructures, like Ethereum
He used the analogy of a congested highway leading to a toll plaza. Excessive traffic causes backups. Similarly, payment networks face bottlenecks when transaction volume surges.
O’Leary highlighted emerging technologies aimed at resolving this scalability issue. These systems, known as Directed Acyclic Graphs (DAGs), enable concurrent transaction processing.
Instead of a single-lane road, they function like a web, which can enhance efficiency and reduce costs.
Platforms such as Hedera
The Ethereum Foundation recently formed a new group, Dai, to investigate the convergence of AI and blockchain. Find out what Davide Crapis had to say.
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