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Kevin O'Leary: AI and Blockchain Could Reinvent Daily Shopping

Key Takeaways

  • ​Kevin O’Leary stated that AI and blockchain could automate everyday purchases like coffee orders;
  • Current blockchain systems face slow speeds and high fees, which limit large-scale use;
  • Newer techs like Directed Acyclic Graphs may fix these limits, but adoption still trails major blockchains.

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Kevin O'Leary: AI and Blockchain Could Reinvent Daily Shopping

Kevin O’Leary, known for his role on Shark Tank, shared his view that artificial intelligence (AI) and blockchain technology may reshape everyday purchases.

In a short video posted on X on October 19, he described how these tools could work together to complete small tasks, such as picking up a coffee, without the need for human involvement.

While the idea sounds promising, O’Leary pointed out that today’s systems are not ready to handle this at a large scale.

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Many blockchain networks, such as Ethereum ETH $3,979.14 , process transactions one after another. During peak hours, this causes delays and higher fees, problems that make the system less useful for handling many small purchases quickly.

He compared the situation to a crowded road leading to a toll booth. When too many vehicles arrive at once, traffic builds up. In the same way, payment networks can slow down when overloaded with activity.

O’Leary mentioned that some newer technologies aim to solve this issue. These systems, called Directed Acyclic Graphs (DAGs), allow multiple transactions to happen at the same time.

Instead of lining up like on a single road, they spread out like a web, which can improve speed and lower costs.

Platforms like Hedera HBAR $0.1765 and Nano XNO $0.6936 use this method. Still, they have not reached the level of use seen with blockchains like Ethereum or Solana SOL $188.72 .

Recently, the Ethereum Foundation launched a new group to explore how AI can work alongside blockchain technology. What did Davide Crapis say? Read the full story.

Aaron S. Editor-In-Chief
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

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