These Altcoins Could Revolutionize! – TechnoPixel

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READING NOW Big Report from PwC: These Alt­coins Could Revolutionize!

Accord­ing to a PwC report, the machine econ­o­my could con­tribute up to $15 tril­lion to the glob­al econ­o­my by 2030, as AI and Blockchain-focused alt­coins become prevalent.

PwC report says ‘these alt­coins are prepar­ing the revolution’

Accord­ing to PwC, machines capa­ble of per­form­ing tasks nor­mal­ly reserved for humans will increase glob­al GDP by up to 14 per­cent by 2030. In a recent report, the glob­al con­sult­ing firm argued that wide­spread adop­tion of arti­fi­cial intel­li­gence (AI) could con­tribute $15.7 tril­lion to the world econ­o­my over the next decade, equiv­a­lent to the cur­rent com­bined out­put of Chi­na and India.

Research con­duct­ed by IoTeX and Siemens cit­ed by PwC explores why dis­trib­uted ledger tech­nol­o­gy (DLT) such as the inter­net of things (IoT) and Blockchain will dri­ve the growth of the machine econ­o­my and unlock new oppor­tu­ni­ties for IoT man­u­fac­tur­ers and end users.

The report also explains some of the future busi­ness mod­els and high­lights imple­men­ta­tion exam­ples. He cites a Next Big Thing AG study that defines the machine econ­o­my as a net­work of intel­li­gent, con­nect­ed, and eco­nom­i­cal­ly inde­pen­dent devices and machines that act as autonomous mar­ket par­tic­i­pants, con­duct­ing eco­nom­ic trans­ac­tions and oth­er activ­i­ties with lit­tle or no human intervention.

These projects are the first candidates

These cryp­tos, which are clas­si­fied as IOT tokens and AI & Big Data DeFi Tokens in the cryp­tocur­ren­cy mar­ket, have attract­ed great atten­tion, espe­cial­ly after the pub­lic intro­duc­tion of Chat­G­PT. As, we have includ­ed Bill Gates’ recent invest­ment state­ment in this arti­cle. The biggest alt­coin projects cur­rent­ly in the AI ​​Token area are:

  1. The Graph (GRT)
  2. (FET)
  3. Ocean Pro­to­col (ECOAN)
  4. Sin­gu­lar­i­tyNET (AGIX)
  5. iEx­ec (RLC)
  6. Arti­fi­cial Liq­uid Intel­li­gence (ALI)
  7. Numeraire (NMR)
  8. dCar­go (DKA)
  9. Pha­la Net­work (PHA)
  10. Cova­lent (CQT)
  11. Cor­tex (CTXC)
  12. Phoenix (PHB)
  13. Pla­to (LAT)
  14. XMON (XMON)
  16. Alliance­Block (ALBT)
  17. Sen­tinel Pro­to­col (UPP)
  18. Vec­tor­space AI (VXV)
  19. Stream­er (DATA)
  20. VAIOT (VAI)

On the oth­er hand, the term IoT or Inter­net of Things refers to tech­nol­o­gy that facil­i­tates com­mu­ni­ca­tion between devices as well. IOTA and VeChain are among the biggest projects engaged in this technology:

  1. VeChain (VET)
  3. Heli­um (HNT)
  4. IoTeX (IOTX)
  5. DigiByte (DGB)
  6. XYO Net­work (XYO)
  7. MXC (MXC)
  8. Jas­my­Coin (JASMY)
  9. Stream­er (XDATA)
  10. Air­DAO (AMB)
  11. Skey Net­work (SKEY)
  12. GEEQ (GEEQ)
  13. Mobius (MOBI)
  14. Sen­ti­vate (SNTVT)
  15. Internxt (INXT)

AI will add $15.7 tril­lion to the glob­al econ­o­my, accord­ing to PwC

Accord­ing to the firm’s cal­cu­la­tions, the bulk of these gains, $9.1 tril­lion, will come from con­sump­tion side effects. Autonomous com­muters are expect­ed to use their extra time and resources to pur­chase per­son­al­ized and high­er-qual­i­ty prod­ucts. The Unit­ed States is expect­ed to be a major ben­e­fi­cia­ry of this trend. PwC believes con­sump­tion pat­terns trig­gered by arti­fi­cial intel­li­gence will add $3.7 tril­lion to the North Amer­i­can economy.

These alt­coins are also on the list

The meta­verse, anoth­er indus­try fea­tured in the report, was a hot top­ic for atten­dees to dis­cuss at the Davos World Eco­nom­ic Forum (WEF) 2023. IoTeX’s Dr. “The indus­tri­al meta­verse is an emerg­ing trend that aims to com­bine immer­sion, real-time data and dig­i­tal twins to cre­ate new busi­ness mod­els and accel­er­ate dig­i­ti­za­tion,” wrote Steven Baudry and Sourabh Narayan Sing, co-authors of Xinx­in Fan and Siemens.

The Meta­verse has shown remark­able growth in 2022 despite the glob­al eco­nom­ic slow­down, and experts believe it will con­tin­ue to grow sig­nif­i­cant­ly. Deloitte believes the glob­al Meta­verse mar­ket size could grow to between $1.5 tril­lion and $13 tril­lion. WEF esti­mates that the meta­verse mar­ket will grow to $800 bil­lion in 2024.

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