Contest On Killing Traditional Professions: Blockchain vs AI

AI will remain behind humans in creativity for a long time. Not tomorrow AI will become sufficiently independent and wisely creative to compete with humans head-to-head. The creators of the AI-powered solutions desire for eliminating the so-called human factor which causes mistakes and leads to accidents oftentimes. Besides, the AI solutions are conceived as the means to improve the effectiveness of various processes resulting in better feasibility and, as a consequence, in higher profits for those who own the AI solutions. In its essence, AI is aimed at replacing humans, whatever business sector is concerned.

Therefore, AI is killing job opportunities of common people bringing at the same time extra profits to a very limited group of investors and business owners.

Every crypto project conquers a certain business segment regardless of whether it is AI-powered or not. Blockchain takes away the power of business bigwigs dispersing it among token holders. AI is shifting humans from the opportunities of deriving value from the traditional business sectors. Blockchain is killing the monopolistic right of the fat cats on profits from businesses. The reformation of the economy by the blockchain leads to the engagement of masses to partake in the activities from which they were kept away before.

Thus, blockchain is killing the hidebound order of people’s participation in the economy.

The essence and the major driving factor of any blockchain project is the network effect when the growing number of the project’s community members adds value to the project. It entails the increase of the value of the project’s product or service which is reflected in the price of its tokens. Thus, in addition to the creators of a particular crypto project who earn money doing some business, the whole token holders’ community participates in this business.

The very method of how the blockchain-based projects proceed blurs the line between different businesses and professions. Take private investment as the most obvious example. Who had a chance to invest in the early stage of a promising project in the era of IPO? The so-called credible investors composing only a very small fraction of the population were allowed to attend it. Now every common citizen, literally everyone is able to invest in numerous brilliant blockchain-based projects through ICOs. Venture capitalists have to double up.

This great review of the blockchain ecosystem shows how the crypto economy grows occupying more and more spheres that can hardly be disrupted by AI in the near future. And the most fascinating aspect of the present rapid evolution of the blockchain projects concerns the ease of transition of many crypto creators from their former pre-blockchain occupational categories to the new activities and business segments.

Even though such a statistics is unavailable, I’m almost sure that by no means all persons who create blockchain solutions today had programming background in the past. Moreover, many of those who build payment services are neither financiers nor bankers, those who create gamified sovereignty projects are neither gamers nor the state officers, and my team working over the new-generation blockchain-based security service consists of neither bodyguards nor security agents.

Of course, every specific crypto project invites professional consultants and advisors to share their specific knowledge. But it does not change matters since the fusion and the interpenetration of professions and activities symbolize the new type of engagement which the crypto economy offers the society.

Not just the Kickstarter-like funding opportunity incentivizes the creators of the numerous blockchain projects to strive. The very possibility of pursuing various challenging ideas into action encourages many people over the Globe. Indeed, blockchain transforms the boring day-to-day stuff into colorful and meaningful contest where you are fighting the obsolete approaches and mental rigidity instead of competing with the analogous initiatives.

Just check the proposal section of Bitnation. Dozens of viable social ideas are available there. The ideas created by common people basing on their hopes and problems. Both the operability and feasibility of the future projects based on those ideas are disputable. But the creative potential of the community which is revealed through the Bitnation initiative is absolutely unambiguous.

To be frank, I’m a little bit dishonest comparing blockchain and AI. They belong to different categories of phenomena. AI is just a technology which is seemingly able to change the civilization in the future. A very small group of the highly specific engineers is engaged in the development of the AI-based technical solutions. Their joint efforts will probably affect the humanity indirectly through the consequences of implementation of the AI. But in the end of the day, people can face the situation when the employers who obtain the AI solutions will fire their human capital justifying such a decision by the efficiency considerations.

Blockchain, on the other hand, is more than just a technology. This is a social movement which is actually disrupting almost all aspects of the people interactions. In contrast to the AI solutions, blockchain projects require as many participants as possible to be successful. The very human creativity and engagement add value to every crypto initiative. Blockchain has a huge potential to alter the entire labor market since the decentralization principle inherent in crypto economy gives people reasons for self-governance and self-employment. And due to blurring the line between professions, blockchain will expand the labor market by transforming both the avatar and the functionality of the workforce.

It remains to be seen which technology is more dangerous for the present situation on the global labor market. But blockchain is accessible to the vast majority of the people who are going to change their current outcome area. But the same is not true of the artificial intelligence.