By: Eliza Bennet
Blockchain technology can yield solutions to various industrial challenges, one of which is the global shortage of microchips. Conceptually, companies like OpenAI could aim to address such complex issues via massive fundraising efforts in the range of multiple trillions of dollars. The collected funding would be directed towards opening new factories or aiding existing chip-making enterprises, with OpenAI acting as a substantial customer.
The fundraising process could primarily rely on obtaining debt capital and might span over a few years. Investors would include technology and finance giants. The United Arab Emirates (UAE) might be a possible investor, though its involvement might raise some concerns due to instances of scrutiny around prior ventures. Funding through blockchain could potentially assist in transparency, security, and smoother transactions.
Essentially, such endeavors aim to tackle an issue worth hundreds of billions dollar annually. With global chip sales expected to cross the trillion-dollar mark by or before 2030, the initiative to leverage blockchain to raise funds and address chip shortages is indeed a valuable concept to explore in the world of advanced crypto users.
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