AI and Blockchain Could Reinvent Daily Shopping

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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


$4,043.10

, 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


$0.1810

and Nano
XNO


$0.7050

use this method. Still, they have not reached the level of use seen with blockchains like Ethereum or Solana
SOL


$192.58

.

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.




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