Shivani Aggarwal AI & Blockchain

Automatic Summary

Exploring the Confluence of Artificial Intelligence, Blockchain, and Drones

Hello everyone, thank you for taking time out of your busy schedules to join me today. In this article, we will talk about the intriguing intersection of artificial intelligence, Blockchain, and drone technology, and how these breakthroughs can be leveraged to foster innovation.

Understanding Artificial Intelligence and Blockchain

Artificial intelligence (AI), a technology that is programmed to mimic human intelligence and behaviour, is expanding at a phenomenal pace. It is breathing life into extraordinary software applications, enabling us to overcome physical disabilities, powering smart infrastructure, and delivering exceptional experiences. From chatbots to robotics, AI is at the forefront of significant developments.

On the other hand, Blockchain is a game-changer in the realm of digital transactions. Known for its robust, distributed, and secure nature, it eliminates the need for third-party involvement, thus addressing trust issues commonplace in traditional transaction methods. Despite being a fairly complex concept, it is an investment that provides noteworthy returns.

The Emergence of Delivery Drones

Another exciting prospect is the rise of delivery drones. From operating in the skies to capturing photos and videos, drones have found a new calling – assisting with deliveries. In the wake of the Covid-19 pandemic, this innovative application of AI is disrupting logistics sector norms and is increasingly being adopted by major logistics providers.

Need for AI, Blockchain, and Drones

Significance of AI

AI is omnipresent, infiltrating every aspect of our lives. It allows us to analyse data in a more sophisticated way, personalise user experiences, automate manual tasks, and much more. Furthermore, it is making waves in industries, from IT to logistics and retail to consumer experience.

Role of Blockchain

Blockchain technology fills the void left by trust issues related to conventional digital transactions. It empowers users to own and control their tokens without the need for a centralised authority. Blockchain's potential is massive, promising to disrupt how businesses function.

The Advent of Drones

The Covid-19 pandemic accentuated the importance of contactless deliveries to secure the health and safety of everyone involved. Autonomous drones foster a risk-free, efficient, and speedy solution for delivering goods. The amalgamation of AI, drones, and Blockchain has the potential to revolutionise the digital landscape.

Real-world Applications and the Future

In this digital era, intelligent technologies like AI, Blockchain and drones can be fused together to create powerful solutions. These can address the challenges faced by consumers, logistic providers, and retailers.

Transforming Retail and Logistics with Drones

Retailers are migrating towards creating automated warehouses and logistics providers are implementing delivery drone technology. This innovative usage of AI reduces the human dependency without compromising the efficiency and productivity.

Blockchain: A Trustworthy Alternative for Transactions

Blockchain offers a frontier of possibilities within the digital transaction space. By disintermediating third parties, it establishes a more robust, secure, and trusted transaction system. This trustless system can benefit consumers, retailers, and logistics companies alike.

Drone Delivery: A Game-Changer in Logistics

Delivery drones revolutionise the logistics sector, making deliveries faster and cost-effective. This innovation is not just beneficial for consumers but acts as an additional hand for logistics providers dealing with increased demand due to the pandemic.

Embracing a Transformed Future

With AI-driven drones, digital payments powered by the Blockchain network, and a more digitally inclined consumer base, the future looks promising. These technologies, if deployed collectively, can bring a significant transformation into the digital space and revolutionise our future. Let's embrace this change towards a smarter, more efficient world together.


Video Transcription

Thank you for joining us. Hope you all are doing good today and I'm really thankful you to take up some time to be here. Um OK, I'm gonna be talking about artificial intelligence and Blockchain.I'm pretty sure you all must be aware of them, but I'm gonna be inputting some of the things that I think really important in terms of when we talk about artificial intelligence and Blockchain and how we can explore its various areas. So I'm, I'm gonna be doing the same today. Hopefully, you enjoy my talk today. So just to give you a brief about myself, I, I've been working with the X A technology for the past seven years and I'm working in their Artificial Intelligence Center of Excellence and I've been humbling various A I Moon projects. Uh I've been working on variety of projects like conversational blog, uh bought Blockchain and then some of the other augmented reality projects here. Uh I also have experience working with the legacy projects. So all in all, I, I, I'm enjoying my, my work here at DXC Technology and it's, it's definitely a great company to work about. So I'm gonna start with my topic today. So uh firstly, I'm just going to familiarize you all with what exactly these terms are.

So when we say artificial intelligence, yes, I know we all are aware. But uh it's, it's actually the simulation of human intelligence in machines that are programmed to think like humans and mimic their actions too. But then now the area, the zone that artificial intelligence is going in and the way it is expanding is real commendable. So it is actually enabling us to build amazing Softwares that enables people to overcome their physical disadvantages, empower smart infrastructure, create incredible entertainment and such experiences.

I know there have been a lot in today's era where we talk about artificial intelligence, whether it is boards, whether it is normal Softwares or even if it is like creating robots for, for doing some physical activities or even even hardware and software stuff. So yeah, I think the way artificial intelligence is exploring and is getting ahead in time is commendable. So that's, that's my idea how, how effective, how it can be used to bring in the transformation that we expect. Now, there's another technology, very strong one, I must say Blockchain.

Uh you must be bragging about OK, what it is, how it is, it's a complicated concept, but trust me, it's worth learning it. So when, if we all know we are going on to the banks for doing our digital payments or do for doing any kind of payments. There is always an issue with trust. There is always an issue with the transactions. There has always been a third party involvement which inculcated which led Santoshi Nakamoto to bring in this concept of Blockchain. It is so powerful, such a powerful digital leisure of transaction that actually helps you to have the distributed transactions across the network. I must say that it is a system that helps you record information in a way that makes it difficult or impossible to change, hack or cheat the system. It's nevertheless the best of digital way of payments that I will definitely recommend to everyone else of of us here. So yeah, I my idea is is just to to promote this technology since I am aware that in today's world also in so many organizations in so many fortune 500,000 companies, this concept is still not active, but I want to promote this. And as the women of women ambassador here, I would like to take this concept forward and I want all my my women entrepreneurs or women tech leaders here to, to come in and pitch the solution and to, to learn more about these technologies.

Now, I have another interesting concept. Mo is Dr OK, when we have always known drones as roaming around in the air and then capturing images, photos, videos. But then have you heard recently about the same day bots the delivery bots that every big logistic provider is launching that's my idea. So till 2020 we definitely thought that autonomous cars would risk us the office and that concept would just blew over everything. But now another slice of the science has come on in the form of robots that we call as delivery robots that every big logistic provider is introducing. These days. You must have heard about fedex and robots. Amazon fine bots, kiwi boards. There are so many examples that I can name about, but yes, robotic delivery is taking a turn. It is another great invention of artificial intelligence to actually imbibe that intelligence that we we consider human possess. But to use that concept to be to inculcate and to put that into the robot into these delivery robots specifically during this time, this time of pandemic when we all are struggling and when we all are respecting ourselves to meet others and to go and communicate or things to others.

This is indeed a huge success for all the logistics provider and is I think it, it's, it's really an innovating concept if used in a proper way. So now of course, we know what these are, these are the, these are my major three components that I want to promote and I want to educate about and I think I recently have learned about all of these and this can bring in a great innovation in whichever organization we talk about.

And as I mentioned, it is still not being properly used, it still has to rise. So why, why exactly do we need this? So you know why artificial intelligence, of course, it's transforming every work of life, every area of life. Talk about software, talk about hardware, talk about logistic companies, talk about retailers, talk about consumers, every big area we are trying to use artificial intelligence in one form or the other. So it's wide ranging to it enables people to rethink how we can integrate information, analyze data, use those insights and to get value out of it. So it's it's a huge concept. This is the reason we should use artificial intelligence. Oh, when it comes to Blockchain. So trust me, there have been many attempts actually to create these digital money, but only recently, the Cryptocurrency has taken its edge. So I guess this this prevailing issue, the prevailing issue of trust that we have when we, when it comes to trusting the third party banks and all that third party providers is what is being overcome by the Blockchain technology. So it creates a new currency, a new token that, that gives ownership and authority to all the people in that ecosystem and maintains that equal and equal decorum amongst all.

So there there is no trust issues, then there's no need of any third party provider and all that stuff. So so so nobody is in charge. We all are owners of our own thing. It is secure, it is less maintainable. So you, you just have to use this technology in a way that that enables everything. So yeah, that it is so so big and so huge. Now, uh why should we even use drones? Of course, especially. Let me again take this example of Coronavirus. We know how, how much we're restricting ourselves to go even for grocery shopping, we just want everything to get delivered. So when we are expecting think such things to be delivered, why to even have that like all promoting contactless deliveries. And I think delivery boards can be an additional hand to the existing logistic providers who are trying to, to handle this. Uh this this huge pressure that is happening because of the uh work from home and because of all the activities that we are doing from home and these lockdowns. So I see the future as this using autonomous drones, using digital payments powered by Blockchain network and then artificial intelligence when these three are glued together, definitely they're gonna be making and drinking that transformation that we expect as we are moving into the digital world and we are using digital technologies now.

Um Today, I'm gonna be giving you a small example that might excite you that you might want to. Uh there can be many, many ways wherein you can use these three concepts together, but I'll just demonstrate one where and I'm targeting three major areas of consumers, logistics providers and the retailers, how we can use all three of them together to use these latest digital technologies and to bring in the transformation and to have a smooth, smooth working life for everyone involved there.

So the challenge that I'm trying to solve for all these three areas and which I would like to discuss with you, which is just like a small example that I did as part of my work in the organization, it might motivate you to use the solution and to, to use these three technologies in a different way.

But just to, to have an example, real example that might excite you and motivate you to use these technologies. So, so in terms of retailers, we know we are getting more aggressive to provide faster delivery than ever before. Of course, because of the push that COVID has brought.

So, so with the massive adoption of online things, there are new challenges that they have to face. There are uh like for an example, Netherlands based a hold, they, they said that they want to buy Fresh Direct, which is one of the biggest providers. And this is this is because they, every time they have to pay for any kind of delivery that they expect. So they have a huge dependencies on these logistic providers and every time they, they think of the living and especially because now it's the online thing. So they, they expect that, that it it they have a huge dependency on the logistic providers. They have to pay a lot of cost honestly. They have to and that that's what their challenges are. But when it comes to logistics, they have to pick because of COVID and because of the online trend that's happening, it has raised exponentially. There is a 20 to 30% rise in the demands in the in the online transactions that logistics market have to face every big provider, fedex, upsu SPS. They are finding out different solutions like they are launching their own bots that I just talked about before their own delivery bots to help them handle this pressure that they are getting because of the excessive online retail shopping and experience that everyone is having.

So yes, I think it's, it's, it's a huge, it's a huge push for logistics provider as well. A huge challenge that we can say no when it comes to consumers like me because we are going digital in everything from our grocery shopping to our daily needs. We are going for online purchases. Yes. So, so we are purchasing from online companies, Fresh Direct Amazon Instacart. They're getting famous everywhere specifically. So these are the major ones in the US. So I I just referred these but there are many, many, many of those in across the world that are being used by consumers to shop for. So so these because of this pressure in the online Albertsons Walmart, all of these online providers, they are trying to get closer to consumers by delivering them faster by using various lo logistic providers. And a sense of competition has been created among logistic providers and of course they retailers because as the time is going, the needs are increasing, but we are also going digital and I think we can help all these areas together. That's, that's what my concept is, how to use this artificial intelligence, how to use this Blockchain, how to use these drones to, to, to, to actually create a smooth environment, a smooth execution for all three of these major areas.

So what is the transformation in the approach that they are bringing in because of the challenges that they are facing? So when it comes to retailers, they're actually building small automated warehouses. Now, automated warehouses are like like the stores where they have these automated zones, but of course, they're still being, being used and being operated by humans but but they are using it, they're increasing their more warehouses, the number of warehouses, they're increasing their delivery business, using more logistic providers, they have to pay a lot.

So they are following some lean inventory strategies. So their strategies are quite changing. So fresh red CEO, they, they, they've actually said that the the sales have risen exponentially in the pandemic, of course, because consumers are buying online. So, so the due to all of the things that we are going through right now, so yeah, so, so their strategies, their approach is changing and when it comes to logistic providers, they are bringing in more innovative solutions like they are using delivery bots. It has just started, it has just been launched but we can use them to empower them. Like in California, these delivery bots have already been started. They are taking the packages, taking the food and delivering in the neighborhood. How cool is that? How cool is the solution?

How can we use all of these three to, to bring in this transformation and innovation? And I think it's, it's a huge win for all the logistic providers because of the huge increase their shipping volume. They they have and they are increasing their online website range. They have to scale up, they have to offset their higher cost because the demands are increasing and they are unable to actually fulfill the orders that they could do previously. Of course, they, they, they also have to change the way they are delivering. They have to buy more trucks, more autonomous delivery that they are now getting inclined towards. So, so because of this autonomous delivery, they could focus and they could spread across the entire area and they could do more delivery to meet the demand that that is ever increasing in this time. Uh So now we know how, how the strategies and approach for the retailers and largest providers are changing and same rooms for consumers earlier. We used to go out, we used to think, ok, let's go out and buy some food stuff for us. But today we order everything online, not just because of pandemic, this but, but of course, we have so much of office work, we have everything that we do from inside, from whom there are a lot many things still in so many areas.

The online shopping has increased definitely because of the lockdown. It has increased four times but then it is increasing. So consumer strategies for buying stuff for shopping is changing. We are going online no doubt. And I think this is where all these three areas can get benefit from the digital technologies that I talk about. So I'll show you something you can see the tumors they are working in the warehouse. This is what the retailers are now doing, creating automated warehouses to use these drones to embed. But but the solution is still in progress. I think there is this is thought to be done in this scope in in this area. And I think we can help using these digital technologies to overcome their challenges. Next, you see how the drone has become an important part of the logistics provider. Earlier, it used to be drug, it used to be bars, it used to be shaped, it used to be trained. But now drones are playing an important role. You can see the third picture of how a drone is delivering food to a consumer, how it is helping to meet the demand of a consumer. So, so basically all these uh in all of these areas, drone is overcoming using drone and using artificial intelligence and drone, we can overcome the challenges that all these three areas are facing.

So yes, drones are here to work but humans can't be due to these uncertain situations that we are currently in. Oh, but the other aspect is how the industry is seeing the Blockchain because it's a very new concept. Of course, it's, it's still not out there that much, but I think we can use it. So when it comes to Blockchain, we know that millions of dollars have been invested in block and everyone is in the Cryptocurrency now it's, it's a boom in the industry. But the question is what if we could remove the need for intermediaries like at all, like like in the world of logistics and consumers, how about if we just remove these banks and we just about it? That's, that's, that's where the the solution would come. So another thing is what if the transactions could be verified? We don't, we don't have any trust issues that we have to face because of these banks these days, Blockchain could be an effective technique to overcome all these challenges. So this is what my ideas, my examples for you to refer to, we can change the way bots drawn uh drawn into a new way to fund. We can build an ecosystem where all retailers can come in. All logistic providers can come in and bots can also be part of that ecosystem and every provider has access to every other. So every logistic company we has got access to every other drone. Every retailer has got access to every other logistic provider.

We have got drone maintenance of people as well. So there's a huge ecosystem that we can build using these digital technologies and we can build a token network wherein they use Blockchain to, to do their digital payments. And we, we just totally remove this concept of, of using uh banks or of of, of factual directly uh using these third party intermediaries. That's my concept building token economy. That's just an example that I did as part as I mentioned, like part of the work in my organization and there's a, there's a small demo that I would like to share with you all and I would want to uh do it in view it and to see how we actually, this is just a prototype uh that I did as part of the hackathon for fedex.

And I use the same day reports. And I built this web application to demonstrate how effectively we can embed artificial intelligence in drones, we can bring in the start ups as well. Like there are, there can be many start ups that can come in and that can, that can actually be part of this ecosystem. So we can start a business a business can be a renowned one or a start up and we can register it. We can create a profile, we can register all the products in here. And then finally, as a consumer or as a business owner, I can show from here. Once I show, I can choose the drone for making the delivery and all this entire thing is running on the Blockchain network. So we will be using tokens, we can use tokens, we can use this Cryptocurrency to pay and to even exchange tokens for real dollars and then then the all the entire transaction. So that's the effect of, of using these technologies. I hope you enjoyed it. Thank you very much for taking out the time and listening to me.