Key Points:
- According to crypto specialist Jamie Coutts, smart contract platforms are expected to experience significant market value development, with the potential to reach $15 to $25 trillion by 2030.
- AI integration with blockchain technology is considered a crucial catalyst for the expansion of these platforms. The initial effects of AI on these platforms will be noticeable by 2026, and a substantial increase is anticipated thereafter.
An overview of the potential for market growth.
Growth Predictions Overview: According to Jamie Coutts, a well-known expert in cryptocurrency analysis, the market value of smart contract platforms is projected to significantly increase to a range of $15 trillion to $25 trillion by the year 2030. The integration of artificial intelligence (AI) with blockchain technology supports this forecast, as it enhances functionality such as verification and authentication services.
The Role of Artificial Intelligence in Improving Smart Contracts
Comprehensive Examination of AI Integration: The analysis by Coutts, based on a Real Vision release from November 2023, explains that AI agents will heavily rely on blockchain technology through the use of smart contracts. This will greatly increase the need for and usefulness of these platforms. This usage is anticipated to result in a rise in the number of daily active users (DAU) and, consequently, an increase in income from transaction fees.
Projected Impact Timeline: Although the first impact of AI on smart contract platforms may be moderate, Coutts forecasts a yearly growth rate acceleration of approximately 10% as a result of AI integration. By the year 2030, it is projected that artificial intelligence (AI) bots might make up more than 40% of all daily active users (DAU) on these platforms.
Economic Consequences and Prospects for the Future
Financial benefits resulting from improved transactions: With the rise of AI agents, the number of transactions and the resulting transaction fee revenue for these platforms will significantly grow. This increase will add to the estimated market value.
Expanded technological investments: The estimate is consistent with the present trend of significant investments by large firms such as Microsoft and Coca-Cola in AI and associated technologies. This highlights the broad belief in the transformative potential of AI in numerous industries.
In conclusion
The incorporation of artificial intelligence into smart contract platforms signifies a crucial advancement in the field of blockchain technology. By the year 2030, the financial consequences of these technologies are set to fundamentally change the economic environment of the digital world, signifying a substantial transformation in how organizations and individuals engage with blockchain technologies.
