Blockchain And Artificial Intelligence: The Benefits Of the Decentralized AI

Blockchain And Artificial Intelligence: The Benefits Of the Decentralized AI

blockchain and Artificial Intelligence are two of the hottest technology trends right now. Even though the two technologies have highly different developing parties and applications, researchers have been discussing and exploring their combination, and they have been found to go extremely well together.

The term “Artificial Intelligence”, henceforth shortened to “AI”, is much older than generally assumed. It was first coined by computer scientist professor John McCarthy in 1955. He originally defined AI as “the science and engineering of making intelligent machines.” McCarthy was the same professor who initiated widely recognized research in the field of AI, thanks to early experiments with self-driving cars, decision-making models, and cloud computing.

Essentially, AI is machines and computers capable of working and reacting to situations in the same, but preferably better, way than humans.

What we’re trying to achieve with AI is to recreate intelligence. With AI programs, scientists are trying to make systems do the following:

- Learn from past experiences to perform better in new situations that they haven’t come across yet - Draw conclusions from the available data to give meaning to a situation - Analyze environment and situations, and be able to interpret them correctly

A number of science fiction movies have already introduced us to the concept of AI through virtual assistants. These computer-based assistants perform the tasks we ask them to do such as research, scheduling, recommending entertainment, and answering our questions.

Siri, Apple’s virtual assistant, is an AI program that is already doing just that for us, indicating that AI has already made its way into our day-to-day lives. From here on, we can expect AI applications to be further developed to make our lives easier, allowing us to outsource more and more complex routine tasks, such as problem-solving, learning, and customizing other machines we use in our homes and

Due to its decentralized nature, blockchain can potentially neutralize the risk of one party’s monopoly of AI and their ability to control one of the most powerful and dangerous technologies known to man.

If we were to decentralize AI, AI algorithms could become Decentralized Autonomous Organizations (DAO). DAOs are organizations that are able to operate autonomously and in a decentralized way through smart contracts, without having a central party pulling the strings and making decisions. The users of DAOs, who constitute its network, will decide how a DAO functions and operates.

Participants of a blockchain network are directly connected to each other, without going through a third party. Imagine Airbnb as a DAO. Contact between house owners and travellers would be based on smart contracts through which they can transact directly with each other.

This same model would apply for AI programs running as DAOs. Its learning algorithms would be informed by its smart contract design and the DAO will have to buy its data input from the market. A project that is already working on such a DAO is called SingularityNET, a highly ambitious project definitely worth checking out.

Such an AI DAO would operate as constituted by its smart contracts. It will only be able to perform the actions that are specified in these smart contracts. Designing these smart contracts are extremely complex and the success of an AI DAO will be completely dependent on this architectural design. When conducted optimally, an AI DAO would be able to take over development at some point because it is designed to learn through data to optimize itself much more effectively than could be done through human design.

An important note to this is that these smart contracts must be designed with the utmost precaution and precision to ensure the network stays in control and not the AI. As is the case with blockchain applications, there is no one plug to pull, but an entire network keeping the chains running.

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