Cardano Founder Discusses Merging AI and Blockchain at Ai4 2024 Conference
At the Ai4 2024 conference held at MGM Grand, Las Vegas from August 12-14, Cardano founder Charles Hoskinson delivered a keynote speech addressing the challenges of combining blockchain and AI. Romain Pellerin, CTO at Input Output, summarized the key points from Hoskinson’s speech.
Key Points from Hoskinson’s Speech:
Hoskinson emphasized the potential for blockchain to support AI by creating a decentralized marketplace for data, models, and inference, serving as a crucial incentive and trust layer. According to Pellerin, Hoskinson mentioned, “AI could leverage blockchain as an incentive & trust layer to build decentralized marketplaces for data, models and inference.”
Hoskinson also discussed the evolution of blockchain technology, highlighting governance issues faced by both blockchain and AI. He pointed out the need for innovative governance to enable decentralization while ensuring effective management and integrity.
Furthermore, Hoskinson addressed challenges related to data privacy within AI and advocated for advanced solutions like fully homomorphic encryption to protect privacy while processing data. He also emphasized the importance of aligning these technologies within ethical and legal frameworks for responsible development and deployment.
Practical applications of blockchain in AI contexts, such as royalty management and vehicle identity systems, were mentioned by Hoskinson. He acknowledged challenges in integrating AI and blockchain but expressed optimism that complementary solutions could emerge to address these issues.
Conclusion:
In conclusion, Hoskinson’s keynote speech highlighted the technical and philosophical challenges of merging blockchain and AI. He emphasized the need for careful coordination and alignment of incentives to unlock the full potential of these technologies.
At the time of writing, ADA was trading at $0.3382.
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