The emergence of artificial intelligence (AI) and blockchain technology marks a pivotal moment in digital innovation, offering unprecedented opportunities to transform industries. When combined, they can not only enhance operational efficiencies but also address some of the most pressing challenges facing modern enterprises dealing with 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 era 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 enhance the reliability of the data fed into AI systems.
Reducing AI hallucinations
One of the most significant challenges AI systems face is the phenomenon known as “hallucinations”—instances where AI generates responses that are inaccurate or entirely fabricated. These issues often stem from poor data quality or lack of verifiable sources, such as when AI models have gorged themselves on too much fast food data sources like forums, social media and blogs, where humor, gossip and misinformation abounds, or when they train on synthetic data produced by AI itself.
It’s like at the end of the first Matrix movie, when Neo dives into Agent Smith, who absorbs him, but then explodes. AI has to be careful what it consumes. Without quality data, Large Language Models risk “model collapse”. Here, blockchain proves invaluable.
Blockchain’s inherent properties of data integrity and immutability play a crucial role in mitigating risks associated with AI systems. By utilizing a decentralized ledger, these systems can access verified data, significantly reducing the likelihood of inaccuracies. Furthermore, unboundedly scalable blockchain technology can efficiently handle 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 trustworthy, ultimately enhancing the reliability of AI-driven insights and decisions.
Recognizing and rewarding creators
As AI technology continues to advance, the need to recognize and reward content creators becomes increasingly critical. Blockchain can play a role in this respect by facilitating micro-payments that reward creators directly for their contributions.
With smart contracts on a blockchain, payments can be automated and executed instantly when predefined conditions are met, ensuring creators receive fair compensation for their work. This transparency fosters a more equitable digital ecosystem, allowing artists, writers, and developers to benefit from their creations without the interference of intermediaries. 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 for a new age with streaming services and monetizing live performances. So too can the creator economy evolve in this new era of AI models, by baking in financial rewards when creative content is featured in AI training data, similar to some of the early deals now starting to be struck between major media houses and AI foundational model owners.
Moreover, blockchain can help safeguard creators’ rights by recording ownership and usage rights for their content. This is particularly important in the context of AI, where data from various sources is often aggregated to train models. For creators who wish to maintain control over their work, blockchain provides a way to prevent unauthorized data trawling and ensure that their content is used in compliance with their terms.
Smart contracts & automation
The integration of AI and blockchain also enables the development of smart contracts—self-executing contracts with the terms directly written into code. AI can trigger these smart contracts, automating processes that traditionally require human intervention. This automation not only streamlines operations but also enhances transparency, as all transactions are recorded on the blockchain and accessible to relevant parties.
For example, in supply chain management, AI can analyze data to predict demand and trigger smart contracts that automatically adjust orders with suppliers. This leads to more responsive and efficient supply chains, reducing waste and ensuring that resources are allocated where they are needed most.
Moreover, smart contracts can facilitate compliance by automatically enforcing regulations and protocols. In industries like finance and healthcare, where adherence to strict guidelines is essential, this capability can significantly reduce the risk of non-compliance.
The future of the internet lies in the convergence of several technologies, including AI, blockchain, and IPv6. The introduction of IPv6, with its vastly increased IP address space, opens up opportunities for connecting an unprecedented number of devices. When combined with unboundedly scalable blockchain tech, this can lead to the creation of Metanet—a new internet framework that ensures data security and integrity.
In Metanet, devices can communicate securely and efficiently, leveraging the advantages of blockchain to verify identities and transactions. AI and machine learning can further enhance this ecosystem by providing intelligent insights into data patterns and behaviors, facilitating smarter and more secure interactions.
This integration promises to reshape industries by enabling real-time data sharing and collaboration among devices and users, ultimately fostering innovation and driving economic growth. With blockchain ensuring security and transparency, and AI providing actionable insights, the potential for creating new business models is limitless.
A truly scalable blockchain that can process over a million transactions per second will enable cost-effective and intermediary-free microtransactions, enabling new forms of digital commerce and restoring 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 operations through smart contracts, and reshaping the internet, these technologies hold the key to a more secure, efficient, and equitable digital future.
As we continue to explore these possibilities, it’s clear that the synergy between AI and blockchain will not only enhance operational efficiencies but also help in building trust in the data-driven world we inhabit.
We’ve listed the best small business apps.
This article was produced as part of TechRadarPro’s Expert Insights channel where we feature the best and brightest minds in the technology industry today. The views expressed here are those of the author and are not necessarily those of TechRadarPro or Future plc. If you are interested in contributing find out more here:
Leave a comment