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AI and Blockchain will spark a revolution in retail: Kevin O’Leary



AI and Blockchain will unleash “the next revolution in business,” according to multimillionaire Kevin O’Leary, with AI autonomously making retail purchases and using blockchain to take care of payments.

In a three minute video posted On X Saturday, the Shark Tank co-host and venture capitalist said Blockchain will support an incoming wave of AI-driven transactions, handling everything from orders at Walmart and targeting burger shops and cafes:

“You just talk on your phone and say, I’d like a tall, low-fat latte, please. I’ll be there in 90 seconds. That’s it.”

“So what happens is the AI ​​analyzes where you are, looks at the geography of what’s retailing (nearby) and determines that’s the one, and then uses a blockchain to actually create a digital payment system for tall low-fat lattes,” O’Leary explained.

“It already knows who you are. That’s why it has your name on it when you walk,” he added.

Mr. Wonderful is waiting to find a winning solution

However, O’Leary said he has yet to find a solution that sticks Millions of retail transactions simultaneously at a low cost.

He said that current solutions like Ethereum cannot do this because they order transactions sequentially, leading to delays and expensive fees During peak traffic.

“It’s a long highway one way on a toll road for verifying the transaction, and when there’s so much happening on the highway at the same time, they get stuck at the toll, they get jammed.”

“So we don’t have the technology yet, with at least those … to do what I described,” O’Leary added.

However, there are already solutions to the problem described by O’Leary, known as Directed acyclic graphwhich process transactions in a spider-like structure rather than ordering them into single blocks.