How blockchain will power the coming robot revolution
Our future is going to be filled with robots. No, not “Terminator”-type androids. Rather, industrial ones that perform many of the tasks humans do today.
Robot usage is already taking off. In 2018, the world purchased 28,478 industrial robots. This was a 16% increase from 2017, according to the Association for Advancing Automation.
What industries are buying the most robots? Orders from food/consumer companies jumped 60%, and semiconductor/electronics orders were up 50%.
Those numbers are only going to grow from here, as some forecasts suggest we’ll see more than 2 million robots across industry, home and office in just the next three years.
Today, most robots are nothing more than big boxes filled with extremely sophisticated hardware and cutting-edge software.
A real robotic revolution will only happen when robots can harness artificial intelligence and start to communicate with each other …
This day is going to arrive sooner than many people expect.
Investors, particularly those of us with a keen interest in cryptocurrencies and the technology that powers them, will want to be paying close attention when it does.
Here’s why …
When robots start to exchange information, the robotic revolution is going to explode. In the not-too-distant future, you are going to hear a lot about “swarm robotics,” which is when a group of robots works together.
That communication system has to be impeccably secure. Otherwise, a hacker could instruct thousands of robots to do unsavory tasks.
“In a couple of years, these robots will be very tied into family life and business. When they get hacked, there will be serious consequences,” warned cybersecurity expert Cesar Cerrudo.
Unfortunately, hacking into robots is actually quite easy and ripe for cyber scumbags to wreak havoc …
Example #1: Point-of-sale terminals at retailers record your credit card and PIN numbers. Hackers can steal those numbers to rack up thousands of dollars of purchases before you even walk out of the store.
Example #2: Domestic robots contain cameras and microphones. This data could be intercepted and manipulated to do things like empty your bank account or steal sensitive personal data.
Example #3: Robots are increasingly being used to perform surgical procedures and could be used as agents of murder if hacked by people with bad intentions.
The solution? Blockchain.
Yes, the same blockchain that makes the Distributed Ledger Technology (DLT) behind cryptocurrencies possible.
The crash of cryptocurrency prices in 2018 and the implosion of the Initial Coin Offering (ICO) market has destroyed most people’s enthusiasm for cryptocurrencies.
But when people stopped paying attention to cryptos, they missed out on an enormous amount of progress in the technology that makes it possible. Especially when it comes to the security that blockchain offers.
Blockchain is the solution to robotic security — especially swarm robotics. This will make robotic systems hack-proof, secure, autonomous, flexible and, yes, very profitable.
How can you invest in the swarm robotic revolution powered by blockchain? Take a look at Cognex (CGNX), Fanuc (FANUY), Rockwell Automation (ROK), ABB Ltd. (ABB) and Cyberdyne(CYBQY).
Cyberdyne? No, it isn’t the same fictional company in the “Terminator” movies that invented Skynet and murderous robots. This is an actual company in Japan with some of the most exciting robotic technology on the planet.
The real Cyberdyne makes exoskeletons that are integrated with brainwaves to help people with disabilities to walk.
I’m not suggesting that you rush out and buy any of the above stocks tomorrow morning. As always, timing is everything, so I recommend you wait for my “buy” signal in Weiss Crypto Investor.