The AI Ecosystem and Decentralization of Data

The AI ecosystem and the inevitable decentralization of data

For newcomers

For those of you that are new to the Cryptocurrency and Blockchain technologies being coupled with AI, we are going to start off with a couple facts.

An AI ecosystem is a culmination of AI programs working in parallel to perform a variety of tasks

Cryptocurrency is a type of currency existing on the digital blockchain

The blockchain is a digital ledger in which transactions made in bitcoin or another cryptocurrency are recorded chronologically and publicly.

before we begin it’s important to understand that all three of these things can coexist.

Common misconceptions.

There is a big argument occurring now about the use of the blockchain and cryptocurrencies and if it is something people will be using ten years from now but as a famous systems theorist would say “you never change things by fighting the existing reality. To change something, build a new model that makes the existing model obsolete.” — Buckminster Fuller

The blockchain is without a doubt the new model for progression in today’s technological society and coupled with AI and machine learning will be evolving faster than anyone who would seek to halt its progression can stop.

There is a festering misconception that the blockchain will ultimately destroy governments economies and bring about a lot of trouble. This is quickly being debunked though as leading governments such as the US, Canada, The UK, and South Korea work alongside Blockchain and cryptocurrencies companies to create regulation and monitoring systems for these currencies being developed.

What is happening now?

As we speak governments on the forefront of cryptocurrency and blockchain regulation are working on a plethora of deals to not only make cryptocurrency a feasible currency to use in day to day interactions. But companies are also beginning to utilize the Blockchain for other uses such as storing data that would normally be hoarded and only accessible by companies with large amounts of users. The companies such as Cortex are decentralizing the data onto the blockchain for everyone’s use.

This is helping to solve one of the largest problems for AI which is not having enough data to learn from. Utilizing Cortex, it allows developers to sign smart contracts where AI and ML applications can communicate with each other to create a sort of neural net of AI applications capable of eventually performing large-scale tasks that would normally require a human’s cognitive abilities. South Koreas Bithumb which is their largest cryptocurrency exchange is currently working with a lot of the countries online businesses to help them accept cryptocurrencies in exchange for goods. Bitcoin ATMs are also having a huge possibility of being implemented on a wide scale as cryptocurrencies become more regulated and businesses become more accustomed to accepting the different currencies.

What is going to happen in the future?

The future for Blockchain technologies is a bright one

Nasdaq’s CEO has a bullish attitude towards cryptocurrencies and the Blockchain and has clearly stated that after the new currency matures and becomes federally regulated better Nasdaq will be very interested in hosting cryptocurrencies on its platform.

Statements such as these coupled with a lot of world powers working towards and pushing for the regulation of bitcoin and the blockchain as opposed to trying to get rid of it altogether is the reason we are confident that the future of bitcoin is going to be an amazing one.

With decentralized data and AI developers working together in a decade or two we should have a sort of AI ecosystem capable of helping people globally solve the world’s problems such as improving the condition of the environment and solving renewable energy problems. The reason the decentralization of data is important for the blockchain is because If this technology was to only be utilized and improved by private corporations such as Google and Facebook then the technology would use only for marketing perfection but since its accessible to everyone we can use the sort of brain that is created to solve problems in every industry and it can be used for the betterment of our planet.

If you would like to learn more information the following sources were used to create this article.

https://www.cnbc.com/2018/04/25/nasdaq-is-open-to-becoming-cryptocurrency-exchange-CEO-says.html

https://cointelegraph.com/news/weekly-price-overview-cardano-april-24

https://www.cryptoground.com/a/list-of-countries-where-bitcoin-is-legal

https://www.forbes.com/sites/shermanlee/2018/03/19/ai-will-take-over-blockchain-in-2018-but-it-wont-happen-without-these-3-key-areas/#7c232f2f48fd

http://www.cortexlabs.ai/