Blockchain Technology and Economic Development

Fourth Industrial Revolution

Blockchain in the global economy

As blockchain technology becomes more sophisticated, its adoption has started growing, Blockchain has gained massive attention in a broad range of sectors from banking to manufacturing and energy to transportation and impacts the economy.

According to research,

‘Blockchain technologies could boost the global economy US$1.76 trillion by 2030 through raising levels of tracking, tracing and trust’.

Fourth Industrial Revolution

The term was coined in 2016 by Klaus Schwab, the founder of the World Economic Forum, at the organization’s annual meeting. Later, Schwab wrote a blog post on the subject as well as a highly influential book — The Fourth Industrial Revolution — which describes “a technological revolution that will fundamentally alter the way we live, work, and relate to one another.”

The 4th Industrial Revolution (4IR) is a fusion of advances in artificial intelligence (AI), robotics, the Internet of Things (IoT), genetic engineering, quantum computing, and more.

Modern Blockchain Technology has immersed itself in the form of the fourth industrial revolution, which has fundamentally changed the working patterns of the world from each other, it is the main pillar of the Industrial Revolution.

Industry 4.0:

The general definition of Industry 4.0 is the rise of digital industrial technology … Industry 4.0 transformations allow us to work alongside machines in new, highly productive ways.

– Daniel Burrus

The Fourth Industrial Revolution is disrupting industry at an unprecedented pace, but it’s not the first time rapid technological advancement has resulted in widespread change and upheaval. With time, the world is becoming more and more technology-driven, There has been a great shift towards

Blockchain Development at AMMAG

We deliver high-quality, innovative, and cost-effective solutions for our clients worldwide. Operating and booming with an excellent record of hundreds of local and international clients.

AMMAG is an independent Services Contractor committed to the highest technical expertise and customer care standards to deliver sustainable environmental solutions.

Our ambition for the Company is to build long-term relationships with our customers so that we understand their processes and can work together to generate real sustainable cost improvements. Client satisfaction is our prime concern and to achieve this we use the latest generation technology, and smart managing skills to ensure on-time delivery.