Blockchain and AI: A partnership that will deliver the future

By: Ali Raza
Ali Raza
Ali plays a key role in the cryptocurrency news team. He loves travelling during his spare time and enjoys playing cricket,… read more.
on Nov 16, 2019
Updated: Mar 11, 2020
  • A recent lecture at BlockShow Asia 2019 saw a discussion regarding the future of technology, and the collaboration of blockchain and AI.
  • Speakers brought up interesting points regarding the two technologies, concluding that their collaboration is a necessity.
  • Their findings have often been mostly positive, even if most of these use cases remain theoretical to this day.

For years now, researchers and developers worked on discovering and testing different ways in which blockchain can integrate into various industries, but also other technologies. However, one of the most intriguing concepts is the combination of blockchain technology and AI.

Blockchain and Artificial Intelligence

Toufi Saliba, the CEO of Todalarity, spoke recently at the BlockShow Asia 2019 conference, and during his speech, he addressed this very question. He asked the audience to lift their hands if they would be willing to take a pill that would make them smarter if they knew that someone else would have control over them.

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Naturally, the audience remained silent. After that, Saliba offered the same deal, only this time, he also included decentralization. He explained that no one would have control over those who took the pill, apart from them. This time, the audience reacted. The experiment clearly indicates that the most favorable future regarding the two technologies does not only include blockchain on one side and AI on the other, but the combination of the two.

Of course, there are still many unanswered questions, such as whether decentralization represents an illusion of evolution, or a real step away from centralization, as pointed out by DocDoc’s co-founder, Cole Sirucek. He also noted that data could only become decentralized after first being centralized. He used medical records as an example, stating that they are still not fully centralized. In other words, decentralization is the next step, but it cannot be achieved without achieving centralization first.

Blockchain is simpler, but it will secure the future

Ben Goertzel, the CEO of SingularityNET, disagreed with this view, stating that he doesn’t think it is intrinsic. He elaborated by saying that centralization may be easier to achieve right not, but only because of the way institutions are built and organized.

He added that blockchain, as complex as it is, is still simpler than AI. However, that doesn’t mean that it is not a necessary component of the future. Goertzel concluded by saying that AI may enable the future, but that blockchain will be the technology that will secure it.

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