3 expert insights from the web
In this digital age, it is clear that Artificial Intelligence (AI) is becoming central to all of our lives. The call to combine blockchain's ‘decentralization and democracy' with AI was voiced strongly by Jasper De Maere, Outlier Ventures Research Lead.
De Mare recently shared his thoughts on this critical issue at Yahoo Finance's Future Focus.
AI capabilities and weaknesses
De Mare explains by pointing out “questionable practices around data privacy and data security” in centralized AI systems.
“AI is great, but it also has some weaknesses,” he said.
His insight reflects a growing consensus among experts on the need to rethink how we manage and ensure the potential of AI.
According to Gary Gensler, chairman of the US Securities and Exchange Commission, centralized AI poses a serious threat to the financial system.
Read more: Will AI replace humans?
Gensler feels that this is because relying on a few AI models can create a “monoculture” that can lead to system fragmentation.
“On one hand, I believe it's inevitable that there will be two or three large base models and separate data collectors,” he said.
This vulnerability highlights the need to move to more resilient decentralized infrastructures. It is this evolution that blockchain technology is uniquely positioned to facilitate.
Blockchain AI's transformative potential extends beyond improving security and privacy. De Maere proposes to use blockchain as
A transparent and immutable database for storing IP information.
This can ensure the accuracy and validity of AI-generated content. It is an approach that addresses the complex issue of intellectual property rights in the digital age where AI-generated art and content are proliferating.
A growing threat to data privacy
Demand for greater control over online identities and data privacy is increasing. A global survey by Ethereum technology provider ConsenSys found that 79% of respondents want more control over their online identity. A significant majority also prioritize data privacy.
These findings further highlight the critical public interest in the principles blockchain offers – democratization of ownership, privacy and access.
Read more: Top Web3 privacy challenges and how to overcome them
Integrating AI with blockchain will solve existing issues and pave the way for technology to empower users rather than coerce them. De Mare demonstrates the potential of convergence in the convergence of AI and blockchain.
“Essentially, where is the future headed?”
Overall, this vision aligns with the broader technology community's desire for web3—a decentralized, user-driven iteration of the Internet.
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