Imagine a day when Boty comes to work for you and collects your fees without fail.
The United Arab Emirates is advancing a project that involves making something like that a reality.
Two organizations created a testing environment to explore the integration of robotics and artificial intelligence into the decentralized economy. Autonomous devices, robots, and machines create value, make money, and trade.
Tokenization of machines can allow holders to receive rewards for the machines' activities.
An example of this could be a robot selling coffee in a coffee shop. Transactions are processed digitally and added to the blockchain to ensure transparency. If this process is tokenized, it could reward holders for each cup of coffee sold.
The creation of a free trade zone for these purposes could generate income for the people displaced from those jobs.
The idea is still in its early stages, but the work is underway.
In Dubai, tokenized asset activity has grown rapidly, involving sectors such as real estate that generate billions of dollars.
With information from Cointelegraph