The Convergence of Blockchain and AI: what is Buterin’s concern?
Vitalik Buterin “Blockchain-AI convergence could threaten algorithm transparency and security”
How to overcome it? When focused on service, fear of new technology can be dealt with.
Recently, Ethereum cofounder Vitalik Buterin made headlines when he published an analysis of how cryptocurrency and artificial intelligence (AI) could converge. While many corporations are jumping into developing AI with the rise of Chat GPT, there is an interest in the synergy blockchain and AI can bring out.
But while Buterin admitted the value of the convergence between these two technologies he warned about the current danger. Especially, the open source AI model is vulnerable to attacks that initializing cryptocurrency’s systematic patterns or procedures through AI can be extremely dangerous. In this dangerous situation, developers to distribute new applications has to be done with caution.
It is not only Buterin who is skeptical about the convergence between AI and Blockchain. The endless problems about the transparency and security threat of the algorithms remain. The highest possibility of rising concerns is because of the fear of the new technology. Fear often comes when there is not much understanding of a phenomenon.
One solution to overcome fear is to figure out ‘where’ we will apply these technologies. (Just like how Buterin divided up categories of games and analyzed the fusion of AI and cryptocurrency.) Rather than being overwhelmed by the grand scale of fear, we must focus on the range of the necessity of increasing productivity or efficiency.
Focus on service
When corporations are clear about what service it is trying to realize, the possibility of reaching the goal gets higher. (The gist of this is that it is the question of implementation through this technology not simply developing a type of technology.) If the service is clear, the usage of AI or Blockchain for the realization would have to be answered. The current aspect of the expansion of AI is focused on service rather than infrastructure. Meanwhile, Buterin was positive about the interface of the game. AI has to interpret the complexity of the cryptocurrency ecosystem and coincide with the user’s actions and intentions.
In fact, many blockchain-based projects receive AI’s help when developing services. (Even for NamuLabs, we are seeing many Web 2 corporations that NamuLabs is transforming into Web 3 corporations that are utilizing fusion technology of Blockchain and AI.) It is analyzed that utilizing AI when creating services can reduce a lot of costs compared to traditional methods. This is the current use case for AI.
Recently, Gartner researched how generative AI can affect an industry’s spending. “This year, corporations will spend time understanding and planning how to use the generative AI,” Gartner stated. Especially, the service part will be the biggest part for the first time in IT spending. This is because it is expected for corporations to invest organization’s efficiency and optimization of the projects.
Then, how are AI and Blockchain used to realize a service? For the service realization, AI will be added to a layer of an interface. Recent Roblox’s AI-based auto-translation is a great example.
The possible service area?
The synergy between Blockchain and AI can be seen in various service areas. Especially, in the areas of health care services, tracking down fake information, and data analysis blockchain and AI, the synergy can be endless. In the healthcare field, the fusion of Blockchain and AI can contribute to safer data maintenance and more accurate diagnosis. Additionally, AI can analyze data and use transparency and unchangeability in the financial system for safer and more trustworthy transactions.
Just by looking at Blockchain, we can see the range of usage. It is not easy for beginners to understand how the blockchain ecosystem works. This would be an entry barrier for many people to move over to Web 3 businesses. However, what if AI is implemented? AI will help blockchain onboarding communication to lower an entry barrier for the users.
#NamuLabs #Research
References
The promise and challenges of crypto + AI applications
Confluence of Artificial Intelligence and Blockchain Powered Smart Contract in Finance System
