Cardano Founder Unveils How Blockchain Can ‘Revolutionize’ AI

As a seasoned researcher with over two decades of experience in the tech industry, I have witnessed the evolution of various technologies from their infancy to maturity. The merger of blockchain and AI, as presented by Charles Hoskinson at Ai4 2024, is an intriguing development that promises significant potential for innovation.


At the Ai4 2024 conference, which took place at MGM Grand, Las Vegas from August 12-14, Charles Hoskinson, the founder of Cardano, delivered a talk centered around the difficulties of integrating blockchain and AI technologies. Subsequently, Romain Pellerin, CTO at Input Output, provided a recap of the key highlights from Charles Hoskinson’s keynote address using X as a medium.

Cardano Founder: How To Merge AI And Blockchain

Cardano’s founder, Hoskinson, proposed that blockchain could form the basis of AI by establishing a decentralized platform for trading data, models, and inference. In essence, this would function as a vital layer for incentives and trust. Translated into simpler terms, Hoskinson suggested that AI might rely on blockchain to create decentralized marketplaces for data exchange, model sharing, and prediction services. As quoted by Pellerin, Hoskinson stated, “AI may utilize blockchain as a trust and incentive layer to develop decentralized markets for data, models, and inference.”

In his speech, Hoskinson outlined the progression of blockchain technology, discussing its development from first to third generations, and emphasized the obstacles it has encountered and possible remedies. “As blockchain technology advances, shifting from transferring information to exchanging value, it has encountered hurdles in today’s multi-polar global environment,” the founder of Cardano noted.

In Hoskinson’s speech, a key topic of discussion was the challenge of managing autonomy and control within decentralized technologies such as blockchain and AI. This includes addressing governance issues that arise when these technologies are decentralized and disintermediated, posing similar difficulties for the industry.

As a seasoned professional with years of experience in various fields, I have come to appreciate the importance of innovative governance that balances decentralization and efficient management. In my career, I have witnessed the power of technology to transform industries, but also the challenges it presents, such as data collection and sharing.

In addition, Hoskinson discussed the substantial issues surrounding data privacy in AI, emphasizing the need for sophisticated techniques like fully homomorphic encryption to safeguard data from being breached during processing. By implementing such solutions, he suggested, we could establish truly private smart contracts and secure data transactions.

In my exploration as a researcher, I delved into the discussions led by the Cardano founder regarding the regulatory and philosophical hurdles that our burgeoning technologies, including blockchain, artificial intelligence, quantum computing, and synthetic biology, encounter. As Pellerin articulated, these innovative fields share common challenges in terms of regulation and data ownership. Hoskinson underscored the necessity of harmonizing these groundbreaking technologies within ethical and legal boundaries to foster responsible growth and deployment.

Charles Hoskinson discussed how blockchain technology can be beneficial in AI-related fields like managing royalties and identifying vehicles. He pointed out that combining AI and blockchain isn’t straightforward due to technical issues and the first-mover problem, but solutions that complement each other could arise to overcome these challenges. For instance, blockchain can help secure data and minimize hacking incidents, which is crucial for addressing the underdeveloped data economy in the West, currently controlled by monopolies.

As a researcher delving into Hoskinson’s keynote, I found myself pondering over the technical and philosophical hurdles in combining blockchain and AI. The amalgamation of these powerful technologies is fraught with challenges, yet it offers tantalizing prospects for innovation. Issues such as governance, data privacy, decentralized marketplaces, and ethical considerations must be meticulously addressed. This intersection demands strategic coordination and careful alignment of incentives to truly harness its potential.

At press time, ADA traded at $0.3382.

Cardano Founder Unveils How Blockchain Can ‘Revolutionize’ AI

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2024-08-15 23:21