To Integrate Blockchain and Artificial Intelligence -1

— Theoretical Background of #EcoVerse™

In the 1980s, a personal computer’s maximum memory capacity was 640KB. At that time, hundreds of programmers at the Korea Institute of Science and Technology (#KIST)’s computer center used a mainframe computer whose memory was only 4MB. So by comparison, a 640KB capacity was huge for a personal computer. Now, a PC’s capacity is well over a terabyte, and more than million times larger than those in old times. In the 1980s, if someone had said “640KB is enough for everybody,” then it would have sounded reasonable. According to today’s standard, however, it sounds downright silly. (Some claim Bill Gates made this statement, but he firmly denies it.)[1]

IBM 360/3032 with 4MB shared by hundreds of programmers

Recently, I attended a forum where we discussed blockchain and artificial intelligence (AI). Some panels argue that applying AI technology to blockchain is impossible because the technological nature of each is quite different. Their logic is that blockchain as a database technology aims at irreversible stability while AI reads dynamic data and gains insight from it. Yet they assume that every developer in the world would research within his own framework of knowledge. They can’t see the connection between blockchain and AI because they are caught in the limits of their own mind. I disagree, not every researcher in the world would work that way.

I hear similar style of opinions these days. For example, one argues that development of main-net must be stopped because they are not necessary or there are already too many of them. This argument is similar to the claim that “640MB is enough for everybody.” It is sufficient for MS-DOS, so there is no need to research and develop larger memory.

Development of the main-net at EcoVerse™ starts from addressing the problems of current main-nets. Main-nets thus far are similar to the MS-DOS of personal computers. They have numerous, serious problems and falsely designed components. Radically speaking, I agree with a #cryptocurrency critic, economics Professor Roubini at New York University, also known as Dr. Doom, who says that “Crypto is the mother and father of all the scams and bubbles” [2]. From the perspective of computer science, I cannot agree more with the expression of “programmed self-destruction of crypto currencies,” which is part of a paper written by Professor Courtois at University College London [3].

I recently published a 7-part series of articles on Medium (and in Korean on Steemit) about why self-sustainability is necessary for blockchain platforms and cryptocurrency, and what good properties of self-sustainability are in a main-net.[4][5][6][7][8][9][10]

In these posts, I explain the problems with blockchain and why EcoVerse™ team has decided to use specific theories of Economics, Philosophy and Socio-psychology. Also, I explain technologically how computer science and AI are integrated.

In the next article, I will introduce the blockchain and AI technologies used at EcoVerse™, including how AI can solve the blockchain’s Gini coefficient problem as criticized by Professor Roubini.

References

[1] ComputerWorld. The ‘640K’ quote won’t go away — but did Gates really say it? https://bit.ly/2DWY5J4
[2] Forbes. Economist Nouriel Roubini Says ‘Blockchain Is Useless, All ICOs Are Scams’ https://bit.ly/2DYNRYK 
[3] Nicolas T. Courtois. “On The Longest Chain Rule and Programmed Self-Destruction of Crypto Currencies”, https://arxiv.org/abs/1405.0534
[4] Youngwhan “Nick” Lee. Requirements for Self-Sustainable Blockchain, Part 1. https://bit.ly/2KDiV0D
[5] Youngwhan “Nick” Lee. Requirements for Self-Sustainable Blockchain, Part 2. https://bit.ly/2RrkXne
[6] Youngwhan “Nick” Lee. Requirements for Self-Sustainable Blockchain, Part 3. https://bit.ly/2PPgZUy.
[7] Youngwhan “Nick” Lee. Requirements for Self-Sustainable Blockchain, Part 4. https://bit.ly/2PI6tlL
[8] Youngwhan “Nick” Lee. Requirements for Self-Sustainable Blockchain, Part 5. https://bit.ly/2A75zVs
[9] Youngwhan “Nick” Lee. Requirements for Self-Sustainable Blockchain, Part 6. https://bit.ly/2TwxFlV
[10] Youngwhan “Nick” Lee. Requirements for Self-Sustainable Blockchain, Part 7. (English translated version is coming soon.)