The Web 3.0 dynamic duo of blockchain and AI is on the path to redefine entire industry sectors.
is expected to grow to over $14 billion in revenue by 2028, while the healthcare market transitioning to blockchain technology," a rapidly growing trend,"is expected to reach more than $126 billion by 2030." The manufacturing industry is expected to see the largest financial impact due to AI. An
forecasts that the manufacturing sector will reap the greatest financial benefit from AI adoption, with a gain of $3.8 trillion.Blockchain can provide a secure and transparent system for automating, tracking, and verifying the entire manufacturing process, from raw material sourcing to the final product. AI algorithms can analyze large volumes of data generated throughout the production line, identifying patterns, detecting anomalies, and optimizing manufacturing processes.
The convergence of transformative technologies like blockchain and AI presents an opportunity to unlock unparalleled growth and innovation across multiple sectors — but none of it is happening overnight. Innovators and entrepreneurs are discovering new ways to leverage these amazing technologies every day and are creating startups and high-growth companies that harness their combined potential.
Investors that are able to identify those companies and capitalize on the digital future can reap the benefits. An investment strategy that involves embracing the interconnectivity of technologies and considering how they can evolve together will likely define success in the Web3 era. The Newsweek Expert Forum is an invitation-only network of influential leaders, experts, executives, and entrepreneurs who share their insights with our audience.Content labeled as the Expert Forum is produced and managed by Newsweek Expert Forum, a fee based, invitation only membership community. The opinions expressed in this content do not necessarily reflect the opinion of Newsweek or the Newsweek Expert Forum.
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