AI, Meet Blockchain.
What happens when two powerful technologies collide?
I was having a conversation with a friend the other day about how rapidly technology is advancing, but much more, how it’s becoming more dizzying for us to keep up with.
And who can blame us?
As a collective, it feels like we’ve all lived multiple lives already. For Gen X, it was a pre-mobile phone existence. For millennials, it was a pre-social media era. And now, for Gen Z, it’s pre-AI.
But something about this time feels more urgent, more hurried. What are we racing away from? Moreso, what are we racing toward?
I decided to juxtapose two distinct and giant technologies: artificial intelligence and blockchain technology.
What could happen if they collided?
Use cases for AI + Blockchain
I came across a handful of use cases for this dynamic duo. Still, a common thread I noticed was the use of the analytical skills of artificial intelligence working closely with blockchain’s transparency and security.
Blockchain provides the framework of a secure and immutable record of transactions and information. On the other hand, AI will help to identify patterns that can be used to optimise the overall process. Efficient.
Ocean Protocol is attempting to achieve something similar. As a decentralised data exchange platform, they use blockchain and AI to ensure the secure sharing of data.
There are also claims that we can utilise the blockchain to create decentralised marketplaces. At the same time, AI can provide personalised recommendations, similar to how ChatGPT can be prompted with specific nuances.
An example of this is SingularityNET, which is a decentralised AI platform that uses blockchain technology to create a global marketplace for AI services in different areas such as finance, robotics, biomedical AI, media, arts and entertainment.
There’s even Neurochain AI, which is a community-based AI on its own blockchain which offers high-quality data. For them, the community earns as AI learns.
Perhaps this is just the tip of the iceberg. There are still use cases we’re not even aware of because, well, we don’t realise we need them yet. Imagine using AI to analyse medical data records to observe patterns while blockchain ensures those records are kept safe in the first place.
But with the increasing scrutiny around these technologies (whether it’s full data privacy or environmental concerns), there’s clearly utility in this merge.
One thing’s for sure, as these technologies continue to mature: we can expect to see more exciting advancements in the future. Only time will tell.
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AI is a game changer. It excites me, providing that it has aided my study. Blockchain ft AI would be supercool I guess. And thank you for such a beautiful write up 💯🤲🏾✨