Posted December 30, 2022
By Matt Insley
AI on the Blockchain
Why Combine Blockchains & AI?
In many ways, the two technologies work in perfect concert with one another.
Artificial intelligence is a complicated and unpredictable technology. We still don’t know what the technology is capable of accomplishing, or the complete reasoning behind its decision making.
The decentralized and transparent nature of blockchains makes the review and auditing of AI more public and manageable.
The transparency allowed by blockchains has the benefit of keeping such a powerful technology from being under the lock and key of a select few people on centralized servers.
Public trust will be more quickly earned if artificial intelligence technology is open and accessible. Also it will be easier for us to gain and understand the advancements if they’re not kept private.
Risks caused by the development of AI and the decisions it makes will also be easier to identify, compared to using centralized servers.
But don’t take my word for it. Here’s how an AI thinks it can complement blockchain technology…
The following response was generated by an artificial intelligence through OpenAI’s ChatGPT:
Here are a few examples of projects utilizing this powerful combination of technologies…
The founding team of SingularityNET gained notoriety in 2017 by creating Sophia, the first robot that was granted citizenship to a country.
Since then, they have made it their primary goal to foster the further development of artificial intelligence technology. They have utilized the blockchain to build a totally decentralized AI marketplace.
The project utilizes smart contracts to make AI algorithms and resources available to the public so they can be utilized for further AI development.
Their mission statement makes clear the emphasis they put on the blockchain…
Decentralizing AI through emerging blockchain technology – creating a fair distribution of power, value, and technology in the global commons.
Blackbird.AI uses both artificial intelligence and blockchain technology to combat the ever increasing issues of fake news and narrative manipulation.
The avenues for expressing opinions online are getting more and more limited and compromised.
News sources are tainted by corporate interests and bad faith actors.
Blackbird uses machine learning to identify common sources of news and social media posts to expose bots and other means of falsely controlling story narratives.
Attempting to achieve the same thing without a decentralized program or through manual filtering would only be another source of biased narrative control. Blackbird.AI is a perfect example of using a combination of these new technologies to solve a problem that could not have been solved otherwise.
DeepBrain is in the fake human business.
They are on the cutting edge of using artificial intelligence to recreate “digital twins” of human beings.
While virtual reality was already being used to create mirrors of work spaces and other environments in order to run simulations, DeepBrain can now mirror people.
The company uses a decentralized blockchain service along with their advanced AI. A “virtual human NFT drop” is even coming soon.
Services now possible through DeepBrain AI are realistic human-like customer service robots, as well as virtual representations of late family members.
Numerai is a crowdsourced hedge fund project that utilizes both blockchain technology and AI machine learning to predict the stock market.
Data scientists use the stock market data made public through Numerai to build predictive models, which are entered into a competitive tournament against other models.
Better performing models earn their creators NMR, Numerai’s native cryptocurrency.
AI is used to identify the meaningful differences in the better performing models and create even better prediction models.
The returns on Numerai’s hedge funds have already been shocking.
In 2021, Numerai outperformed neutral hedge funds by 26%.
The technology boom we’re experiencing is unlike anything seen in history. Things are quickly becoming possible that were recently thought to be science fiction.
We’ll be carefully tracking these developments and letting you know how they will affect the future of crypto.