The blockchain and AI bond, explained
Blockchain technology can improve data integrity, allow for secure data cooperation and sharing, make tokenization and incentives easier, and support decentralized AI governance, all of which can make AI systems more reliable and open.
Enhanced data integrity
The immutability and transparency that blockchain technology possesses by its very nature can improve the integrity of data utilized in AI systems. Blockchain technology enables AI algorithms to access tamper-proof and verifiable data, ensuring the precision and dependability of forecasts and insights.
Blockchain can be used, for instance, in supply chain management to track and document the movement of items. The data can then be analyzed by AI systems to find patterns, spot abnormalities and improve logistics procedures.
Secure data sharing and collaboration
AI systems need access to diverse and huge data sets, and blockchain can offer a safe and decentralized platform for data sharing. Blockchain enables data sharing between numerous parties without relying on a single party, maintaining privacy and control over sensitive data.
For instance, in the healthcare industry, patient records kept on a blockchain can be safely shared with AI models for research or diagnosis while protecting the privacy of sensitive information.
Tokenization and incentives
Blockchain technology can make it possible to create tokens or coins that make it easier to incentivize and monetize AI environments. These tokens can be given out as compensation to people who provide computational resources, train models or provide data. Such rewards can promote teamwork and encourage participation in AI research and development.
One notable example is SingularityNET, a platform that integrates blockchain and AI to create a decentralized market where AI agents can give services and be compensated with tokens for their efforts.
Decentralized AI governance
Blockchain technology can help decentralized governance and decision-making processes for AI systems. Stakeholder participation in decision-making can be ensured through the use of smart contracts and decentralized autonomous organizations (DAOs), ensuring fairness and transparency.
This can be especially helpful in fields like policy enforcement or the choice of AI models. Blockchain is used, for instance, by Ocean Protocol to create decentralized data marketplaces and governance frameworks, enabling participants to decide on data access and sharing as a group.