Artificial Intelligence (AI) and blockchain have long been touted as two industries that can benefit deeply from each other. Last year saw a number of tech startups begin to develop AI-enhanced blockchain projects with real-world potential, and in 2019 we are seeing this trend continue.
A commonly cited doomsday scenario when talking about runaway artificial intelligence is that it won’t know when to quit. After being directed to perform some trivial task, the super-genius AI will go to extraordinary inhuman lengths to fulfill its directive, such as turning off the international power grid to lower energy consumption.
The Artificial Intelligence of today is not built to moralize. At the moment it serves merely as a tool. And that’s to be expected, because who is looking for moralistic machines right now?
When Facebook officially announced recently that it would be launching its very own digital payment system, millions of people around the world were exposed to the term ‘cryptocurrency’ for the first time. While anyone with access to the Internet will most likely know what Bitcoin is, few genuinely understand the cryptocurrencies in detail. Now, as more corporations begin to get involved in the ‘digital cash’ revolution, it becomes increasingly important that the original purpose of Bitcoin is not lost.
In a recent interview with crypto news site Coindesk, renowned economist and vocal crypto-skeptic Nouriel Roubini felt compelled to note the…
Since the great bull market of late 2017 which brought Bitcoin to its highest point of just shy of $20,000 per coin, more and more people have been jumping into the market with the simple aim of making a profit.
When cryptocurrency was in its infancy, it was an almost entirely unregulated industry. There were very few measures put in place to check who was trading what, how much of a particular cryptocurrency they owned, or whether they could be considered trustworthy.
While this might sound reckless today, many people viewed it as a perk of cryptocurrency as a whole. There were those who would even claim that anonymity is a necessary aspect of the industry, the same as decentralization.
Is this idea entirely accurate, though?
KYC (know your customer) is by no means an enemy of the crypto space…
There are several significant concerns regarding cryptocurrency that make some investors hesitant.
Paramount among them is security.
More than a handful of crypto exchanges have already been victimized by substantial acts of theft, ranging from $5 million to $400 million. On a smaller scale, such companies are always trying to stay ahead of users looking to reap additional mining rewards by participating in unfair practices. Such security concerns have haunted the use of cryptocurrency since its inception.
However, the recent interest in applying artificial intelligence to improve the security of high volume transactions resulting from blockchain technology has been successful…
It is not a secret that cash is becoming an antiquated method to make a transaction. Unlike digital payments, which leave behind traceable records, cash can be tendered anonymously, allowing it to play a part in various types of organized or financial crimes. In addition to this, it is simply inconvenient.
For these reasons, the use of debit cards, PayPal, and other methods of moving money electronically have become commonplace. They marked a significant improvement over the handling of cash and its apparent drawbacks. Nonetheless, we are on the cusp of another revolution in the world of transactions.
Fell down the rabbit hole two years ago. Time to write about it.