The rise of artificial intelligence (AI) and blockchain technology marks a pivotal moment in digital innovation and offers unprecedented opportunities to transform industries. Combined, they can not only improve operational efficiency, but also address some of the most pressing challenges facing modern enterprises that handle data at scale: data reliability and integrity.
AI relies heavily on data to learn and make decisions. However, the quality of that data is paramount. In an age where misinformation and data integrity issues abound, blockchain technology offers a robust solution. By providing a decentralized ledger that ensures data is tamper-proof and immutable, blockchain can help improve the reliability of the data fed into AI systems.
Reduction of AI hallucinations
One of the key challenges facing AI systems is the phenomenon known as ‘hallucinations’: cases in which AI generates responses that are inaccurate or completely fabricated. These problems often arise from poor data quality or a lack of verifiable sources, for example when AI models have stuffed themselves with too many fast-food data sources such as forums, social media and blogs, where humor, gossip and misinformation abound, or when they train on synthetic data produced by AI itself.
It’s like the end of the first Matrix movie, when Neo dives into Agent Smith, who absorbs him, but then explodes. AI must be careful about what it consumes. Without quality data, large language models are at risk of model collapse. This is where blockchain proves to be invaluable.
The inherent properties of blockchain, namely data integrity and immutability, play a crucial role in mitigating the risks associated with AI systems. By using a decentralized ledger, these systems can access verified data, significantly reducing the chance of inaccuracies. Furthermore, the infinitely scalable blockchain technology can efficiently process large volumes of transactions, making it well-suited to support AI tools that require real-time data. This ensures that the information used by AI is both accurate and reliable, ultimately increasing the reliability of AI-driven insights and decisions.
Recognizing and rewarding makers
As AI technology continues to evolve, the need to recognize and reward content creators becomes increasingly important. Blockchain can play a role in this by facilitating micropayments that directly reward creators for their contributions.
Smart contracts on a blockchain allow payments to be automated and executed immediately when predefined conditions are met, ensuring creators receive fair compensation for their work. This transparency promotes a more equitable digital ecosystem, allowing artists, writers and developers to benefit from their creations without the need for middlemen. This points to the potential for a brave new ‘creator economy 2.0’ era. Similar to how the music industry was initially disrupted by piracy and file sharing, before evolving into a new era with streaming services and live performance monetization. Likewise, the creator economy can evolve in this new era of AI models, reaping financial rewards when creative content is incorporated into AI training data, similar to some of the early deals now being struck between major media houses and the foundational AI model. owners.
Additionally, blockchain can help protect the rights of creators by recording ownership and usage rights to their content. This is especially important in the context of AI, where data from different sources is often merged to train models. For creators who want to maintain control over their work, blockchain provides a way to prevent unauthorized data trawling and ensure their content is used in accordance with their terms.
Smart contracts and automation
The integration of AI and blockchain also enables the development of smart contracts: self-executing contracts whose terms are written directly in code. AI can activate these smart contracts and automate processes that traditionally require human intervention. This automation not only streamlines business operations, but also increases transparency, because all transactions are recorded on the blockchain and accessible to relevant parties.
In supply chain management, for example, AI can analyze data to predict demand and activate smart contracts that automatically adjust orders with suppliers. This leads to more responsive and efficient supply chains, reducing waste and ensuring resources are allocated where they are needed most.
Additionally, smart contracts can facilitate compliance by automatically enforcing rules and protocols. In industries such as finance and healthcare, where compliance with strict guidelines is essential, this capability can significantly reduce the risk of non-compliance.
The future of the internet lies in the convergence of various technologies, including AI, blockchain and IPv6. The introduction of IPv6, with its vastly increased IP address space, opens up possibilities for connecting an unprecedented number of devices. Combined with limitlessly scalable blockchain technology, this could lead to the creation of Metanet: a new internet framework that guarantees the security and integrity of data.
In Metanet, devices can communicate securely and efficiently, using the benefits of blockchain to verify identities and transactions. AI and machine learning can further enhance this ecosystem by providing intelligent insights into data patterns and behavior, enabling smarter and more secure interactions.
This integration promises to reshape industries by enabling real-time data sharing and collaboration between devices and users, ultimately fueling innovation and fueling economic growth. With blockchain ensuring security and transparency, and AI providing actionable insights, the possibilities for creating new business models are limitless.
A truly scalable blockchain that can process more than a million transactions per second will enable cost-effective microtransactions without intermediaries, enable new forms of digital commerce, and restore the Internet’s original promise of a truly peer-to-peer platform.
The convergence of AI and blockchain represents a transformative shift in the digital landscape, driving future digital transformation. By addressing data reliability issues, recognizing and rewarding creators, automating actions through smart contracts, and reimagining the internet, these technologies hold the key to a more secure, efficient, and equitable digital future.
As we continue to explore these possibilities, it is clear that the synergy between AI and blockchain will not only improve operational efficiency, but also help build trust in the data-driven world we live in.
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