Opinion | Blockchain, artificial intelligence and “savings”, the rules of the game have changed

All financial products are destined to take a 180 degree turn thanks to the development of the Blockchain. This new paradigm should result in a boom in the year 2018.

Year 2017 was rich in “financial” events. The technology has definitely taken precedence over the old world. The year 2018 promises to be the year 1 a new era. This new paradigm was perfectly launched by the rise of cryptocurrencies (whose capitalization exceeded 500 billion) and the all-round development of the Blockchain technology.

Not surprisingly, new players are coming to disrupt the financial markets . Clearly, artificial intelligence plays a key role because it is able to adjust to each financial movement to the nearest percentile. In such a context where everything evolves very (too?) fast, even your savings can benefit. This can all happen and will be happening in next year, due to the excitement in the blockchain technology.

Has the IMF implicitly validated this new financial ecosystem?

A few weeks ago, the director of IMF voiced a model that allows evoking the new economic models which involve bank disintermediation.

The Blockchain is a revolution that obviously does not escape the major financial institutions. And majority of the financial institutions focus their investments in artificial intelligence and identity management (over next 12 months).

At the same time, and beyond the fact that all major banks have started developing their own cryptocurrency teams. Moreover, the Chicago Stock Exchange has launched the first Bitcoin futures contracts. In short, the “financial” road is already well drawn.

Also, keep in mind that the IMF yearns to possess cryptocurrencies, as they could be options relevant to monetary stability issues in countries in crisis, or in the process of development.

Blockchain-Finance: hand in hand

Even if the Blockchain was not “developed” for the world of finance, it is clear that this paradigm has many advantages: decentralized, inviolable/immutable and fast. Three characteristics that satisfy the needs of all financial projects. Also, given the eloquent development of artificial intelligence, all the ingredients are there for the 100% Blockchain projects to change the usual financial paradigm.

Among the most exciting applications, the savings management is a keystone for this new monetary system. At a time when regulations will point the tip in terms of profits on these new assets (Bitcoin in particular). The combination of the strengths of artificial intelligence and Big Data could make it possible to leap forward eons of progress in relation to the savings management. In concrete terms, all the steps related to identity verification, solvency and investment optimization will be carried out in fractions of a second.

As such, there are many ICOs, namely Fundraising 100% Blockchain, to be interested in this subject. This is particularly the case for several projects (including Peculium for example) whose objective is to predict market variations in order to optimize the profitability of savings products. Projects of this nature are based in particular on ultimate personalization and availability at all times.

Ultimately, we should live, not the disappearance of the current system, but a transition to a new financial mechanism …

Originally published and translated from at www.lesechos.fr on December 19, 2017.