The deployment of AI-enabled, Blockchain-based smart contracts is now a reality, due to cutting-edge technology. The revolutionary combination of AI and Blockchain (the technology underpinning smart contracts) is a phenomenon that has the potential to dramatically improve enterprise management and compliance well beyond our traditional systems. While unscrupulous actors have attempted to capitalise on AI and Blockchain’s ‘buzzword’ status, it is apparent that they have huge revolutionary potential when we focus on their enormous capacity and promise.
Artificial intelligence systems will be critical for interpreting data from a wide range of sensors and providing it in precise terms on which smart contracts may operate. Contracts that result in actual activities (for example, goods delivery) must, on the other hand, interact with robotic agents and humans. For example, operators and owners of vital energy infrastructure may require insurance contracts against damaging weather conditions and cyber-attacks; thus, a smart contract would need to determine when the payment event will occur.
Our offshore Smart Contract developers have years of expertise on average and create safe, cost-effective, and high-end blockchain-based smart contracts to help your business operations and attract new business prospects.