Blockchain and AI
Photo Credit: applicature.com
Both Artificial Intelligence and Blockchain have been the biggest buzzwords in recent years.
There needs to be speration though, between the hype and the reality.
Is it possible for AI and Blockchain to work together? Here are some insights.
AI (Artificial Intelligence) can boost blockchain efficiency far better than humans, or even standard computing can. A look at the way in which blockchains are currently run on standard computers proves this with a lot of processing power needed to perform even basic tasks.
The way in which blockchains are currently run on standard computers or a network, you need large amounts of processing power.
AI can boost blockchain efficiency far better than humans, or even how standard computing can.
Artificial Intelligenc affords us the opportunity to move away from this ineficiency, and tackle tasks in a more intelligent and efficient way.
Imagine a machine learning-based algorithm, which could practically polish its skills in ‘real-time’ if it were fed the appropriate data.
Both AI and blockchain can benefit from each other, and help one another, regarding reaching their next step on the path to this fourth industrial revolution.
When combining blockchains with AI, we have a backup system for the sensitive and highly valuable personal data of individuals.
Business readers should avoid the hype by taking strong consideration of company factors, such as AI leadership and a technology’s real-world use cases when researching AI and blockchain possibilities for their company.
Storing data on a blockchain, which can be accessed by an AI, but only with permission and once it has gone through the proper procedures, could give us the enormous advantages of personalized recommendations while safely storing our sensitive data.
Hanson Robotics is planning to use SingularityNET to improve the intelligence of their humanoid robot, Sophia. Unlike Amazon’s Alexa, which answers questions approved only by Amazon, Sophia will be able to reach out to other artificial intelligence providers for answers to questions. This is a much more flexible solution, as Sophia will not be controlled by a central authority.
"Blockchain technology will make it easy, and in many cases profitable, for A.I. developers to provide their code as services that other products can access. For a product like Sophia, it will increase the scope of third-party A.I. services that can be accessed in real-time to help do things like answer questions and interpret situations. The SingularityNET team is also creating some uniquely powerful A.I., like the OpenCog integrated AGI system, that will help robots like Sophia understand the world in human-like ways,” said Ben Goertzel, chief scientist at Hanson Robotics.
According to Goertzel, as more A.I. services are placed on blockchain networks, these services will begin interacting with each other and enhancing each others' intelligence. In turn, this will create a dramatic increase in the breadth of A.I. applications available in the world, as well as the general intelligence and creativity of the A.I.s out there.
The combination of blockchain technology and Artificial Intelligence is still a largely undiscovered area. Even though the convergence of the two technologies has received its fair share of scholarly attention, projects devoted to this groundbreaking combination are still scarce.
Putting the two technologies together has the potential to use data in ways never before thought possible. Data is the key ingredient for the development and enhancement of AI algorithms, and blockchain secures this data, allows us to audit all intermediary steps AI takes to draw conclusions from the data and allows individuals to monetize their produced data.
AI can be revolutionary, but it must be designed with utmost precautions . Bblockchain can greatly assist in this. How the interplay between the two technologies will progress is unknown. However, its potential for true disruption is clearly there and rapidly developing.