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Fabric: Own the Robot Economy
The robotics industry is at an inflection point, thanks to the convergence of three forces: 1) AI systems that are beginning to be capable of understanding, predicting, and navigating highly dynamic physical environments, 2) hardware that's sufficiently cheap and reliable to deploy at scale, and 3) and chronic shortages of human labor in professions such as nursing, education, manufacturing, and environmental cleanup. The next major inflection point is to build global systems to navigate this future, where machines that think, remember, and learn, work alongside us to solve our biggest challenges.
Infrastructure built for humans, from door handles to passports to ink signatures, currently excludes non-biological thinking machines. Robots are bottlenecked from becoming an economically-active, global workforce. Robots lack a financial identity. Humans can open bank accounts. Humans can have passports. Humans can sign contracts. Humans can be insured. Humans can be paid. Until robots are able to engage with the world around them as first-class economic participants, they will remain as siloed slaves owned by a few powerful companies.
To address these gaps, Fabric is building the payment, identity, and capital allocation network that will allow robots to operate as autonomous economic participants . This is the foundation for what we call: The Robot Economy.#ROBO @Fabric Foundation $ROBO