The blockchain has the potential to be the building block of artificial intelligence (AI): a platform to create and expand machine learning. But the real coin of the realm, pun intended, is AI’s role in the coinage of digital currencies.
What if technology were to play more of a role—a dominant role—in the development and mining of cryptocurrencies, where pricing would be more a matter of pure mathematics than attempts to manipulate or distort markets?
What if people were to remove themselves from the process of issuing coins? if they were to follow the rules of oversight and compliance without looking for followers? if they were to depersonalize the process by releasing a prospectus without an ounce of editorializing or a trace of self-promotion?
To ask these questions is a prelude to the ultimate question: What is the purpose of man in a state that is real but unnatural, a state that is less a matter of science fiction than scientific fact?
The answer comes down to advice, meaning the power AI possesses is in direct proportion to the power companies give it.
According to Nick Chini, Managing Partner of Bainbridge, AI helps businesses more than it hinders workers or the economy in general.
AI allows business advisors to interpret data with a greater degree of precision, so the advice a company receives—and the direction a company takes—reflects the decisions of men and women whose ranks include people trained in the arts and sciences.
Any such team complements intelligence with wisdom.
With wisdom comes context: the ability to survey a situation, to use technology to yield intelligence, to translate that intelligence from so many ones and zeros into an intelligible series of ideas.
The idea, then, is to have AI add order and efficiency to the world of cryptocurrencies.
If prices follow a model, if the model is right, then the intelligent thing to do is to let AI run its course while businesses follow their respective courses.
The wise thing is to do is to let business advisors chart a course for employers and employees alike.
About the course itself: It will vary, according to the circumstances of each company, like a river with its own twists and turns, meandering here and there, gathering momentum elsewhere but never stopping, rolling on—it keeps rolling along—as people navigate its currents.
To conquer the rapids, to stay calm when the current changes, to not panic when the unexpected happens, these things require the aid of business advisors.
As cryptocurrencies proliferate, new businesses will emerge and new opportunities will present themselves.
AI will be critical to how events unfold. But the true measure of success—the method of determining which companies will endure versus those that will struggle or stop altogether—will depend, in large part, on the counsel business advisors provide.
With the insight necessary to lead and the perspective leaders value, business advisors are invaluable to what companies do.
Coinage of that sort never loses its value.