Munich Personal RePEc Archive

Facilitating Artificial Intelligence and block chain systems, partnerships and technologies: emerging global actors and players in Sustainable Development

Ojo, Marianne (2019): Facilitating Artificial Intelligence and block chain systems, partnerships and technologies: emerging global actors and players in Sustainable Development.

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With ever expanding possibilities for innovative advances and technological breakthroughs, the need for facilitating techniques to ensure that economic and environmental sustainability measures can match or rather keep up with such pace of development, is becoming more evident.

Artificial Intelligence (AI), vertical integration and block chain systems and technologies will have increasing roles to play, particularly in respect of areas which relate to global climate change, trade and energy, in facilitating transitional processes, complex transactions and changes which are consequential of such developments. The Seychelles “Debt Conversion for Marine Conservation and Climate Program” illustrates the complexity of transactions involved in the program – as well as the need for future and flexible provisional arrangements and technologies which will facilitate the achievement of the goals and objectives of the programs – in addition to the intended roles and engagements of stakeholders involved. Challenges presented with Artificial Intelligence and Block Chain Systems incorporate the need for greater certainty and tested (and proven) procedures with controls and governance in respect of bionic collaborations between humans and technology.

In their publication “Harnessing Innovation to Lead the Bionic Lending Revolution (© 2019 PwC)”, Pollini, Hernandez, Prescher and Shipley highlight the following in respect of the “Bionic Revolution”: “With the onset of the fourth industrial revolution (4IR), consumer lending organizations are facing altogether new questions about the future. The lending environment has already experienced vast change; yet, we are quickly seeing a transition into a marketplace of end-to-end home ownership offerings and financial health ecosystems that are likely to trigger a revolution rather than the next stage of evolution.”

As well as illustrating and addressing certain questions and challenges which Artificial Intelligence and Block chain technologies face, possible steps forward, and why Blockchain technology, particularly, still has quite a way to go, this paper highlights how such technologies can play vital roles in sustainable development – and with particular reference to complex lending and financing arrangements which embody such programs as those relating to the “Debt Conversion for Marine Conservation and Climate Program”.

What possibilities also exist for wild life programs – particularly those aimed at preserving endangered species in environments not heavily affected by air or water pollution? Moreover, how can leading economies engage in programs more effectively to mitigate jurisdictional differences, facilitate disclosure and transparency in their collaborations – whilst also according appropriate considerations to increasingly topical matters as trade, climate change and sustainable development?

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