The Golden age of the blockchain will come with robotics

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The Golden age of the blockchain will come with robotics

In the future robots will be overrun by factories, offices and homes. They will act completely Autonomous, so you will need to solve the issue of trust, control, interaction, security and stability of the systems. The technology of the blockchain has tremendous potential, which will create the necessary mechanisms of functioning and interaction of automated agents. In this article we have considered the peculiarities and problems of robotics, prospects for the use of the blockchain in the future, as well as the potential risks of global digitalization.

The amazing world of the future

We are waiting for the accelerated pace of life, many smart gadgets and robots. The world of the future will look more like the works of Asimov, than stills from the movie “Terminator”. The robots will perform the role of servants and assistants, are becoming more like us. However, only some of them will be moving androids. Most will still be boxes filled with computer chips with software.

Regardless of their appearance, they are everywhere. According to forecasts, over the next three years from 32 million families will be homemade robot assistants, robots 1.7 million cycles in production and 400 million in the company offices. They start to control plants, control infrastructure using Autonomous sensors to order parts for themselves, and raw materials for production. Shipping will be borne by the drones and unmanned vehicles that will be on separate bases and work to consider the weather conditions. Production systems of individual companies will begin to automatically communicate with each other.

All this is based on the continuous exchange of data, which is associated not only with technical information, but the financial component. Ordering for the supply of materials, contract services and much more will be associated with currency transactions. People won’t be able to have time to track, verify and reconcile the flows, which will reach 20 thousand transactions per second (assuming a high enough level of automation). Similar situation on the labor market. So for the next world, in addition to the introduction of robotics, need special money and markets for robots.

Robots and the problem of trust

Like any other financial model, in the robotic economy will need to address the issue of trust. Although at first glance, it seems that in the digital world, the procedure of transaction is the solution, but, unfortunately, it is not. This is one of the key disadvantages of robotics.

With automation, you can more effectively detect fraud and fight it, but it also allows you to create a new overproduce methods of manipulation. Moreover, the financial system may spiral out of control when the high-frequency algorithms will begin to act opportunistically. Another difficulty is to verify the proper fulfillment of the terms of the transaction after the event. In a traditional model, these people are doing, by signing the agreement and monitoring process. In the era of robots will require separate mechanisms.

Modern technology offers many solutions to create a centralized digital economic system. However, they all require a separate service for each function, which will collect, analyse commercial information, contracts, execution and control of Autonomous agents. The problem with this approach is scaling.

The growth of the number of processed transactions increased loading of the Central repository, the digital registry. This affects the bandwidth and maintenance costs that quickly become prohibitive. An additional problem of centralized systems is their appeal to fraudsters and hackers, which is associated not only with theft but also the failures, mistakes and loss of control.

Potentially these issues could be partially solved through the transfer of individual rights Central operator intermediaries, creating a hierarchy of controls. However, this would lead to a significant increase in transaction costs. Fortunately, technology exists that is capable of solving the economic and technological challenges robotic market systems.

The essence of blockchain technology and its advantages in automation

Many people know what a blockchain, its features, principles of operation, different algorithms of consensus. For Autonomous systems, the main advantages are: decentralization and the inability of any change in the digital registry. Distributed database eliminates third-party interference. Different models and algorithms allow the use of technology in any field: Finance, logistics, manufacturing, medicine, education, artificial intelligence, data storage and many others.

For the first time the blockchain was used in bitcoins, but truly universal basis he became after the launch of the Ethereum platform. The turning point was the emergence of the ability to create smart contracts that can be publicly verified to be of varying difficulty scaled. The main advantage of using them is the simultaneous control of the conditions of the contract and its execution in a single digital object.

The presence of the unique capabilities of smart contracts will create a robotic economy. They will be able to solve the issue of compliance, minimize the chance of disagreement between the parties. Absolute transparency, immutability and clarity of the information assess the reliability and reputation. The blockchain can be designed so that the participants could not discredit him.

Another important advantage is that with technology it is possible to organize the process of analysis of robots made of robots. Developers of robotics and neural networks have long been looking for the best way for collaboration and optimal interaction. To do this, they study various economic algorithms, theory of decisions and games. Decentralized technology can help to create the necessary mechanism, ensuring accurate scheduling of tasks, assessment and resource allocation.

Combating threats

The global digitization of the economy will lead to higher negative consequences of cyber attacks. Blockchain also subject to such risks. It requires miners – individual nodes that generate blocks and confirming transactions. Majority control of such items or the possession of a power superior to 51% of the total Hasrat network, allows you to manipulate it. However, there are various ways of dealing with this.

Acne Buterin proposed a variant of the algorithm that increases the network resiliency to 99%. The effect is achieved through the introduction of a separate “honest” nodes-monitors, who are engaged exclusively in monitoring network operation.

However, there are other types of attacks (Sybil, Eclipse) that lead to similar consequences. The negative impact from actions of swindlers in the future will grow exponentially. Attack will affect the network, which control not only the huge amount of money, but hundreds of thousands of robots, Autonomous agents. So researchers are working to find solutions to protect against hackers.

In the future scalability of the blockchain will be huge. The second platform can process millions of transactions. This can lead to the problem of local storage. Some believe that in a public network it is impractical to move all the information, but then wonder where they will be recorded to preserve the possibility of verification. So far, the developers offer different options of solutions. They discuss a “light” registers and the interplanetary file system IPFS.

Blockchain and robots

The advantages of robotics will be so great that a large part of the production process and services provision of services ultimately will be executed by Autonomous agents. The blockchain technology will ensure trust, reliability, control and security. The robots will form a major element of economic systems. This will lead to the formation of a new capitalist class, which will begin to operate in conditions of high efficiency and global markets of the future.

The volume of goods and services produced by people will decrease, but will not reach zero. This will determine the growth of the economic use of man. Handmade products will have the status of luxury, and there will be a “Made man.” Rise to civil liability. People will begin to receive funds from the state to continue development of mankind. Therefore, the establishment of reliable automated systems, which we can trust, is one of the major challenges of our time.

We also recommend to learn about how artificial intelligence and the blockchain will replace the government.

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