Blockchain to Move AI Forward

Artificial intelligence and blockchain technology are extremely popular these days. The blockchain, which is a database design introduced bitcoin, may be just what is necessary to decentralize artificial intelligence and to propel it forward. Dr. Ben Geortzel, SingulairtyNet’s CEO, affirms that blockchain may be able to help improve accessibility to artificial intelligence for small and mid-sized companies and by doing so, AI may become more democratized as well.

The New York Times featured comments by Dr. Goertzel and Dr. Dawn Song, a computer science professor at the University of California. The latter proposed that “The blockchain could be a crucial way to push back against some of the most worrying trends facing the field of artificial intelligence.”

Moreover, AI computing platform DeepBrain’s management team asserts that blockchain may be able to help small-size companies to enter the AI industry, especially when they do not have the necessary funding. The platform stated in a press release:

DeepBrain Chain is the world’s first AI computing platform powered by blockchain. It uses blockchain technology to help AI companies save up to 70% of computing power costs while protecting data privacy in AI training.

A centralized blockchain may eliminate intermediaries and central authority. Such status is also crucial to helping AI networks exchange data without a singular authority in place to control the data or algorithms. According to Nathaniel Popper of the New York Times, several startups are setting up blockchain-based marketplaces to trade data. One startup he refers to is Ocean Protocol, a decentralized data exchange protocol that allows for data sharing and services through blockchain use. The company’s website indicates that Ocean is designed to unlock data for AI, which allows sharing and selling in a secure environment.

Concerning Dr. Song and Dr. Goertzel, they take the position that blockchain may be able to facilitate a far-reaching distribution of data and algorithms. As a result, blockchain may play a significant role in determining the development of artificial intelligence. In their interview with the New York Times, they discussed the importance of ensuring that AI learning capabilities are under the control of data owners, rather than big organizations. For instance, many are concerned of Google and Facebook’s influence and ability to obtain and store data. To counteract the issue, Dr. Song developed Oasis, a blockchain-based technique that protects the data being sold so that “no one – not even the company using the data – will get a copy of it.”

[FREE] Get Our Best Crypto Trading, Mining & Investing Hacks:

*Action Required* Enter Your Email To Get Insight For Trending Coin News & Reviews

I will never give away, trade or sell your email address. You can unsubscribe at any time.


Please enter your comment!
Please enter your name here

fifteen − 3 =