AI vs. Blockchain: Joint Applications
hey guys let’s talk about three joint
applications of artificial intelligence
and blockchain and by the way I will be
in May 89 on the conference on theal
assets here in Porto and in the
description there is a link with a 75%
discount on the tickets for the
conference so I hope to see you there
right so on the previous video I talked
about the adoption rates of artificial
intelligence and blockchain and what I
foresee will be the future and the
challenges for the adoption the
widespread adoption of the general
population of these two te Technologies
and now in this video let’s talk about
three joint applications or joint
challenges that these uh Technologies
can can solve right so the the first one
the first application I foresee is is
about the what I believe is like the top
Challenge on the adoption of of crypto
wallets right H which is the key I mean
the general population gets it’s always
afraid of of losing their keys and that
is why they end up most of the time
leaving
their their assets on on an exchange
like coinbase or binance Etc so I
believe this will this is a top issue
right so how can we store uh the keys or
side of the key um without losing it
without losing a massive amount of money
just because we we not we don’t remember
where was the where was that paper sheet
where we wrote the the the keys and so
people get scared but what if there is
no key okay what
if you are the key like with Biometrics
for example what Biometrics does is that
you eliminate the need of a key of a
password just because your identity is
validated by your own existence so I
believe this will be a nice a nice
potential joint application so if if AI
technology on the vertical on the
application of Biometrics gets mature
enough and reliable enough maybe we
could have um
keyless wallets right in the sense that
you you are the key and of course we
already see some some some cases some
devices that H you authenticate with
your fingerprint and this kind of things
but I mean it’s it’s not it’s not yet
there yet right so the second
application I see is around data
governance which is more of an issue on
AI which is knowing what is the audit
Trail of my data so if I know I put my
data point here who got access to this
data point when how for which intention
for which system Etc if we put the whole
data access system the whole um data
governance system in the blockchain we
could we could have a you know a
reliable a transparent audit trail of
where is my data who got access to it
where when when how for which intention
Etc so I do see a massive potential
application of blockchain Technology on
reliable transparent and auditable data
governance principles for for big
companies right and this doesn’t
necessarily have to be for the general
for the open public but even for the
company itself to know who is having
access to which data and to be able to
tr to track this this access I believe
it it could be a critical factor and and
the third application which I think is
the most disruptive one is a data
economy and as you know most free
products out there so the most free
applications out there that you use on a
daily basis they are free and the reason
because they are free is because you are
the product right so your data is the
product or having access to you for
advertisement is a product but in most
cases you know your data is your product
and even in some in some companies that
you pay for a service they are still
selling your data okay so be aware of
this it can be anonymize it can be you
know aggregated data but still we are
living on a data economy and a pattern
we see on blockchain web free startups
is that they pay their users for their
customer base for using or for having
certain behaviors on the platform right
so instead of getting services for free
in exchange of your data you can get
paid as an incentive for giving your
data and for
um and for using your data so I believe
this will be a much more balanced a much
more fair uh system where yes you are
getting the benefit of the application
you are still getting the benefit of
receiving a certain token H in exchange
of this as an incentive for for the
usage of the application and this I
believe it will be the most
transformational application of
blockchain and data economy and and
blockchain and AI which is you know
incentivizing people uh to give data in
a more fair uh in a more fair ecosystem
where they are getting uh paid for it
okay remember on the last video I talk
about the future challenges on the
adoption rates of blockchain and
remember that there is a link in the
description with a 75% discount on the
conference on digital assets here in
Porto in May 8th and 9th okay so see you
on the next video and I hope see you on
the conference bye-bye
We discuss 3 joint applications of Artificial Intelligence (AI) and Blockchain technologies:
1. Keyless wallets: relying on biometrics as your wallet’s primary identity source.
2. Data governance: keeping your data access records in the blockchain to facilitate audit trails of who accessed your data, when, for what purpose, etc.
3. Data economy: paying back customers that share their data as a token.
75% DISCOUNT on the Conference on Digital Assets:
https://app.guts.tickets/cy50gs-coda/t3siwa
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