AI and Smart Contracts: Market Shares, Market Strategies, and Market Forecasts, 2023 to 2029

AI and Smart Contracts: Market Shares, Market Strategies, and Market Forecasts, 2023 to 2029

WinterGreen Research announces that it has a new study on AI and Smart Contracts, Market Shares, Market Forecasts, Market Analysis, 2023-2029. AI and smart contracts, useful in government, farming, healthcare, banking, insurance, business, and for central bank digital currencies (CBDC) will revolutionize process. Processes implemented with AI through smart contracts are more efficient. Smart contracts support faster and cheaper cross-border payments. The settlements process moves from two days to several seconds, creating less costly, more efficient settlements process.

Diverse market drivers including: the pace of global warming, Chinese investment in the military, and big tech R&D spending are driving unprecedented adoption of AI for military, for agriculture, for electric vehicles, for digital currency, for everything, creating the ability to implement more efficient business practices. Smart contracts fulfill the need to implement AI efficiently.

AI will bring the same digital revolution that PCs, smart phones, and the Internet have already brought, but quicker and with greater impact.

Smart contracts make AI work. All these shifts to AI bring strong growth of the US and World GDP. They create an economic push for CBDCs and smart contracts. AI is already here, making change immediate.

Electric vehicle implementation is anticipated to add $114 trillion to the global economy by 2029 over and above what is part of the world economy now. Microsoft is said to be investing another $10 billion into CHATgpt and adding the AI functionality to Excel and Word immediately. AI functionality is driving another $100 trillion into the global economy. Teachers, professors, and users are already noticing the effects of CHATgbt.