Artificial intelligence (AI) and blockchain technologies have reached a “tipping point” and are set to shrink established industries while creating new ones, forecasts a report from Moody’s Investors Service published on Sep. 6.

Effects Beyond Corporate Balance Sheets

According to the authors, the combined impact of AI and distributed ledger technologies (DLTs), such as blockchain, has effects “far beyond corporate balance sheets,” and “will likely reshape entire sectors, leading established industries to shrink or disappear altogether while creating new markets from scratch.” The report notes: