December 20, 2022
Artificial Intelligence (AI) is taking over the world as many developers have put together amazing applications that can assist with daily tasks and operations. Now the question to ask is how will AI impact the blockchain and web3 space. How can tokenization of ecosystems be leveraged to improve the data sets AI has to leverage, or how can AI assist in the decentralized web 3 economy? Already projects like Singularity.net, Deepbrain, and Fetch.ai have been in the works to use AI to enhance the blockchain ecosystem. Also, new NFT projects are emerging to make avatars in the metaverse more intelligent. Will AI Blockchain projects be the next big thing in the crypto space?!
The relationship between blockchain and artificial intelligence (AI) is evolving continually with important implications for businesses across all industries. As these two cutting-edge technologies continue maturing, innovative companies are finding new ways to use them in tandem to create sophisticated business solutions that offer a competitive edge. Here's a look at some of the ways AI and blockchain are being used together today and where this trend is heading in the future.
One application of this technology is using blockchain to create provenance for data sets used to train AI models. Provenance is essential for establishing trust in data sets, particularly when it comes to training models for high-stakes decision-making, such as financial services or health care. By tracking data provenance on a blockchain, companies can ensure that their models are trained on high-quality data sets while also protecting sensitive data assets from tampering or theft.
Creating digital twins of physical assets is another exciting area of exploration for blockchain and AI working together. For example, a digital twin of a manufacturing plant could be used to test out different production scenarios before making changes to the actual plants themselves. This would allow companies to experiment with new designs and processes without incurring any risk or downtime.
As the web3 culture continues down the path towards decentralization, new innovative tools and systems will need to exist that enable a 3rd party work economy to emerge. Today, when building web3 products, a community of contributors is necessary all aligned through the governance decision making of a DAO (Decentralized Autonomous Organization). This has proven to be a difficult process since not enough reliable governance infrastructures exist to produce outcomes that are for sure not manipulatable. With AI new governance tools can be theorized and eventually built that enable more definitive non biased decision protocols that do not rely on centralized authorities subject to corruptive inputs.
There's no doubt that blockchain and artificial intelligence are two of the most innovative and disruptive technologies of our time. When used together, they have the potential to change entire industries for the better. We're only just beginning to scratch the surface of what's possible when these two technologies are combined, so it will be interesting to see what new applications emerge in the coming years.
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