AI needs Blockchain…This is where intelligence meets Truth.

"How AI and blockchain can be used to enhance world ecosystem"

The pace of development of artificial intelligence has been breathtaking, but with those strides in generative AI arise a myriad of problems experts say might only get worse as the technology becomes more sophisticated. Two disruptive technologies,?blockchain and artificial intelligence, are gaining traction and will impact the trajectory of people's lives and society over the next ten years.?

Artificial Intelligence (AI) has rapidly advanced in recent years, revolutionizing industries and transforming the way we live and work. From virtual assistants to self-driving cars, AI-powered technologies have become ubiquitous in our daily lives. However, with great power comes great responsibility. As AI becomes more integrated into critical decision-making processes, ensuring the integrity and reliability of the data it relies on has become paramount. This is where blockchain technology, with its immutable and decentralized nature, emerges as a powerful ally.

Why AI needs blockchain and how this convergence can usher in a new era where intelligence meets truth.

Humanity is now so scared of the power of Artificial Intelligence that Elon Musk, Steve Wozniak, and 2,600 tech industry leaders are petitioning to stop its development, for fear of creating something that causes unfathomable destruction (or unfathomable good)...At its core, AI is about automated computation and automated content creation (nb: an oversimplification), and some of the major risks in this case is uncontrolled or unaudited content, applications, and code making its way onto the internet, and into the lives of poor, unsuspecting humans.

?? We need to engineer TRUST into AI Systems - Blockchain could be the Trust layer for AI - Blockchain will provide an immutable time-stamped record of who created what, and when, using AI.

Private blockchains integrated with AI open up new possibilities for?B2B?use cases and applications, resulting in improved performance, privacy, dependability, and transparency. SMEs will benefit from cost-effective pre-packaged solutions and?Blockchain-as-a-Service?choices, while large enterprises will have unique blockchain solutions designed to meet their specific business demands.

Although the convergence of AI with blockchain is still in its early stages, it is expected to gain traction and become mainstream across various industries. Some of which are:

• Financial services
• Supply chain
• Telecommunications
• Health?
• Insurance

Verifiable Data: The Foundation of AI - AI algorithms rely heavily on data for learning and making accurate predictions. However, the quality and trustworthiness of the data can greatly impact the outcomes. AI systems fed with unreliable or biased data can generate flawed insights, leading to undesirable consequences. By integrating blockchain technology into the data pipeline, AI systems can leverage the immutability and transparency offered by blockchain to verify the authenticity and integrity of the data. This ensures a solid foundation of reliable information for AI algorithms to learn from and make informed decisions

Enhancing Data Privacy and Security: Privacy and security concerns have always been at the forefront of technological advancements. With AI's increasing reliance on vast amounts of personal and sensitive data, the need for robust privacy and security measures becomes even more critical. Blockchain's cryptographic algorithms and decentralized architecture provide an ideal solution by safeguarding data against unauthorized access and manipulation. By storing data on a distributed ledger, blockchain ensures that sensitive information remains encrypted and accessible only to authorized parties, reducing the risk of data breaches and ensuring data privacy.

Immutable Audit Trails: Ensuring Transparency and Accountability

In many industries, such as finance, healthcare, and supply chain management, transparency and accountability are vital. AI systems making critical decisions in these domains must be able to provide transparent and auditable explanations for their actions. Blockchain's immutable nature allows for the creation of transparent audit trails, where every transaction or data interaction is recorded and timestamped. This enables stakeholders to trace back and verify the decisions made by AI systems, promoting accountability, and instilling trust in the technology.

Combating AI Bias and Manipulation: One of the most significant challenges AI faces is bias. Biased data or biased algorithms can perpetuate and amplify societal biases, leading to unfair outcomes and discrimination. Blockchain can act as a countermeasure by ensuring transparency in the data used for training AI models. By recording and validating the sources and characteristics of the data on a blockchain, biases can be detected and addressed more effectively. Furthermore, blockchain-based governance models can facilitate collective decision-making processes, reducing the concentration of power and the potential for manipulation in AI systems.

Facilitating Collaborative AI and Data Sharing: The decentralized nature of blockchain opens up possibilities for collaborative AI models and secure data sharing. Traditionally, organizations have been reluctant to share sensitive data due to privacy concerns and the fear of losing control. Blockchain provides a decentralized infrastructure where data owners can retain control over their data while securely sharing it with AI developers or researchers. This facilitates the creation of more comprehensive and accurate AI models by leveraging diverse datasets, ultimately leading to more robust and unbiased AI solutions.

AI and blockchain?are proven to be a formidable duo, enhancing nearly every industry in which they are used. Artificial intelligence and blockchain collaborate to enhance everything from food supply chain logistics to healthcare record sharing to media royalties and financial security.

The combination of Blockchain and Artificial Intelligence (AI) adds new value to businesses.

According to Gartner: "The business value provided by blockchain will reach $176 billion by 2025 and $3.1 trillion by 2030. AI will contribute $391 billion in business value by 2025".

Use cases for blockchain and AI - https://www.ibm.com/topics/blockchain-ai

Companies using AI & Blockchain duo to solve real-world problems:-

Various?blockchain startups?are working to democratize access to datasets and algorithms needed to?train AI models. To develop AI applications, companies often need access to massive datasets.

-???????Enigma

-???????Numerai

-???????Datum

-???????Nucypher

-???????Ocean Protocol

-???????Computable Labs

-???????Synapse AI

-???????DeepBrainChain

-???????Humans.ai

-???????Velas, Singularity NET, and more

https://www.cbinsights.com/research/blockchain-ai-startups/

https://irishtechnews.ie/ai-and-blockchain-three-companies-exploring-the-industries/

The convergence of AI and blockchain presents a compelling opportunity to enhance the trustworthiness, transparency, and accountability of intelligent systems. By leveraging blockchain's immutable and decentralized infrastructure, AI can have access to verifiable data, enhanced privacy and security, transparent audit trails, and mechanisms to combat bias and manipulation. This symbiotic relationship between AI and blockchain holds tremendous potential to create a future where intelligence meets truth, fostering innovation, fairness, and trust in the AI-driven world we are shaping.

?

We don't need to stop AI, and we won't be able to remove it as an intermediary. But we DO need to create a way to enable traceable, transparent, uncensorable, automated TRUST in where and what AIs will do for (or to) our world.

References:

https://en-pingwest-com.cdn.ampproject.org/c/s/en.pingwest.com/amp/a/11561

https://www.ibm.com/topics/blockchain-ai

https://www.dhirubhai.net/feed/update/urn:li:activity:7048610670967230464/?updateEntityUrn=urn%3Ali%3Afs_feedUpdate%3A%28V2%2Curn%3Ali%3Aactivity%3A7048610670967230464%29

https://cointelegraph.com/magazine/moral-responsibility-how-blockchain-can-improve-ai-trustworthiness/

https://firstbridge.io/blog/blockchain/how-ai-and-blockchain-are-changing-businesses

https://www.techtarget.com/searchenterpriseai/tip/Use-cases-show-the-combined-potential-of-AI-and-blockchain

#ai #blockchain #openaichatgpt #generativeai #artificialintelliegence