Discussions about AI & Automation
We believe that the benefits of the new economy should be available to everyone.
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UBI funded by innovative companies
Companies that automate their workforces should be taxed on these new massive profits, and some of the resulting capital given back to workers by the government in the form of UBI.
While the idea of a UBI is popularâ€”Mark Zuckerberg, Elon Musk, and Bill Gates have all championed itâ€”how exactly would a universal basic income be engineered and how would a private-sector-funded version work?
“40% of businesses are planning to implement some form of automated technology by 2020”
“$23 billion in savings from annual salaries”
Businesses are beginning to see the benefits of automation
The chatbot market is estimated to grow by $3 billion by 2021 and the industry has been growing at a compounding rate (CAGR) of 35%.
When asked which emerging technologies they are already using and which they intended to implement, 80% of respondents said they already used or planned to use chatbots by 2020. Chatbots are interactive software platforms that reside in apps, live chat, email, and SMS and can behave in a human-like manner.
Additionally, the survey shows that business leaders and decision makers are turning to the broader umbrella of automation technologies, which includes chatbots, for things like sales, marketing, and customer service.
42% of participants believe automation technologies in these areas will most improve the customer experience. And 48% said that they already use automation technology for these business functions, with 40% planning to implement some form of automated technology by 2020.
This makes sense given the impact automation technology could have on cutting labor costs. Although complete automation of the customer service workforce is not feasible, automating customer management and sales positions in the US would result in considerable savings. Twenty-nine percent of customer service positions in the US could be automated through chatbots and other tech, according to Public Tableau.
We estimate this translates to $23 billion in savings from annual salaries, which does not even factor in additional workforce costs like health insurance.
Our solution for the future
We will develop a decentralized system powered by the blockchain for people to invest in future automated projects and earn revenue from the productivity generated by the robots.
A proprietary coin named SYNT will be issued and the revenue will be automatically converted in our currency and distributed to the investors through the power of smart contracts.
Developers and business owners of robots that automate productivity (software or hardware) will publish a crowdfunding campaign on our platform with the purpose of raising capital to cover the development costs of their systems and sharing a part of the generated recurring revenue.
Each project that will be submitted on our platform will have an auction based system that will involve the distributed participation of interested peers.
After the implementation, the robot will generate a productivity yield from the recurring revenue and will share the value automatically between the founders and the pre-launch investors based on the invested value.
The investments will be secured by 2 smart contracts. The first one will have the purpose of tracking the total funds and the shares of the investment. After the necessary money has been rased, the 2nd smart contract will be automatically activated and it will have the purpose of keeping track and distributing the recurring revenue according to the shares of the investors and agreed terms.