When we look at the economic progress from past to present, we see that there is an increasing population and a more globalizing economy. New players are joining the global economy every day. And with these players, economic growth continues to move towards new goals.
As technology continues to evolve, new members will join the global economy. But these members are not human, they are machine or computer software. Now, the tools we use in every aspect of our lives consist of hardware and software systems.For now, we have control of these systems and tools. And we're the only ones who tell them what to do or how to use it. But we also train them to serve us better. Machine Learning .. When this learning process is complete, they will have their economies, wallets and money like us. They will begin to interact more with each other (machine to machine) and with people.(machine to human)
There is an important technology that will enable all these processes to proceed and contribute to increasing the interaction of machines with each other and with people. IOT..
Thanks to this technology, machines will make a significant contribution to the growth of the global economy by effectively using the database. However, security is a very important issue for this. Because the machines will have both a digital ID and a wallet for money transfers.This is where Blockchain, the most popular technology of recent times, comes into play. Thus, both digital IDs and wallets can be stored securely, at the same time transfers can be secured.
With the combination of all these technologies, a new economy emerges. Machine economy.. With this economy, we will turn money and other economic phenomena into an algorithmic data. The goal here is to make the money we use most in our daily lives more effective and at the same time to ensure that software assets are control the money.
Since people began to rely less on themselves, they began to transfer all rules and controls into software and algorithms. Thus, all the rules of our lives are starting to re-form with these technologies. These new conditions will also cause us to come up with new concepts. Especially in the field of economy and money, we can witness a rapid change and new concepts will change our lives in a destructive way. The machine economy is one of them and continues to learn for come into our lives.