A16z Cryptocurrency Reveals Key AI Blockchain Use Cases

Analysts at a16z crypto believe that cryptographic technology can be used to trace the origin of content generated by artificial intelligence.

Decentralized ledgers have the potential to decentralize and make artificial intelligence (AI) innovation safer, as hundreds of tech leaders around the world express concerns about AI’s ability to become a threat existential for humanity.

In a recent blog post titled “Big Tech Ideas for 2024,” Andrew Hall, professor of political economy at Stanford Graduate School of Business, states that by developing decentralized governance models at the a16z cryptocurrency research lab, The issue of AI development is being dominated by only a handful of technology giants.

In particular, he noted that blockchain networks can serve as a “counterbalancing force to centralized AI,” adding that cryptocurrencies can help create “multilateral, global, permissionless markets where anyone can contribute.”

“Here cryptographic technology can also be used to open the black box; trace the origin of the things we see online; and much more.”

andres hall

However, Hall admitted that there are still questions that need to be resolved before blockchain can be used alongside AI. For example, developers have yet to find ways to decentralize generative AI so that it can be governed democratically and avoid concentration of power.

However, Hall believes blockchain can eventually reduce the costs of using AI and implementing products on it, making the technology more accessible to customers.

In April 2023, crypto exchange Binance integrated a new AI-based learning tool called Sensei into its Binance Academy platform, to offer users a more intuitive web3 learning experience. The exchange says its new solution is designed to encourage engagement and improve users’ web3 learning experience.

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