Huge impact! AI, automation, digital finance and blockchain could boost GDP by over 2% per year

According to the latest statistic we are only scratching the surface of what is possible in terms of market cap and growth. Deep learning alone has a projected worth of 17 trillion USD. Digital finance alone could add 0.7% per year to GDP. Remittances alone which blockchain is suited for is worth $500 billion USD.

The potential impact on India is much much larger. Digitization of finance in India combined with tax reform could lead to a decade of 10% GDP growth. All of this in my opinion adds up to there being a lot of potential and regulators, lawmakers, and tax authorities in the United States must see that there is great benefit to be had by tax reform or even tax credits to encourage digitization of the economy.

Feel free to sign up for RobinHood for a chance to win free stocks: Click here to sign up. RobinHood is a free app which allows you to trade stocks.

References

1. https://www.nextbigfuture.com/2017/10/ai-automation-digital-finance-blockchain-could-boost-global-gdp-growth-by-over-2-per-year.html
2. https://www.nextbigfuture.com/2017/10/a-digital-financial-economy-and-tax-reform-could-boost-india-to-a-decade-of-10-per-year-gdp-growth.html