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24.01.2024

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FORBES: How Blockchain And AI Are Set To Transform Small Businesses In 2024

Blockchain and AI integrations in SMBs were evident in 2023, and their influence has continued to spread across enterprises globally in 2024 as well. With the global business blockchain adoption rate standing at 10%, it is likely that small businesses are on their way to catch up to large conglomerates.

The credit for this newfound confidence goes to the introduction — and simplification — of AI (artificial intelligence), which happened near the end of 2022. New language models arrived in early 2023, like GPT-4, making using AI easier and empowering small-scale enterprises to interact with AI easily.


This ease of AI interaction resulted in a new digital era starting to unfold. Multiple AI blockchain tools came into vogue, offering small companies a way to achieve efficiency in terms of operation and scalability in terms of growth.


Read the full article at Forbes.com




"Multiple blockchain powered tools made use of this innovation. Companies like Circulor and IBM Chain are being used heavily in complex industrial supply chains. These tools are being used to not only add more efficiency to supply chain management, but also to develop trusting and stronger relationships between organizations."

Victoria Chynoweth, Former Contributor - Forbes