AI is a hot topic right now, so naturally crypto developers would use this subject to boost the attention received by their personal projects from potential investors. However, it doesn't mean Blockchain and automatons have any feasible link right now. It's just daydreaming, because the technology isn't developed on the required stage it would need to work in a practical way. The way it's being promoted right now is purely speculation.
Real researchers and developers of top notch AIs aren't raising funds through crypto projects. They have their own investors and work in secret. Take ChatGPT, for an example: most of us didn't know about it, until it was finally done and open to the public. But beforehand, we didn't know it was being developed. I guess the same is going to happen regards future accessible features and virtual services which are to come.
Topic: Do You Think Blockchain is Ready for Autonomous Machines? (Read 58 times)
I am also quite skeptic about the "AI blockchain" boom. But the problem for me is not that it's "intimidating" or "unsafe", but more that I see a lack of concrete use cases where really "AI (friendly) blockchains" are needed.
Basically, "autonomous machines operating on blockchains" do the same things like trading bots do. Trading bots exist since several decades. If they're operating based on a neural network or another statistic system isn't that important. There may be gradual improvements. For example, an old-style trading bot needs supervision more often and perhaps only can process data for some TA techniques (Elliott waves, for example) and maybe on-chain data (Glassnode-style), while you could let a modern AI trading bot operate during more time and let it process data from more sources, including things like news related to a specific topic. But it continues to be an advanced trading bot.
Other use cases than trading (which has not to be limited to cryptoassets, it can include physical infrastructure like storage, computation etc. or even "robot activity") are more difficult to imagine. For example, an escrow AI bot. I believe this is currently still out of reach, as this tasks needs a lot of flexibility when requesting documents from parties in dispute, for example, and has to be unpredictable to avoid being gamed.
Another aspect is that AI bots can operate with all kinds of assets. They only need an API to work, and thus there is no need for a dedicated AI blockchain (IOTA for example tried to market that use case since 2014 or so ... they miserably failed, it seems).
For me the only legitimate use case for an AI-related blockchain is crowdfunding an AI startup. If made well, an AI company can be bootstrapped with an utility token "pegged" to their AI-related services. But of course the business model then is not really related to the aspect that "it's a blockchain". The business model will be probably to sell AI bots to companies (and maybe also individuals), and blockchain is then only the financial platform for that.
Basically, "autonomous machines operating on blockchains" do the same things like trading bots do. Trading bots exist since several decades. If they're operating based on a neural network or another statistic system isn't that important. There may be gradual improvements. For example, an old-style trading bot needs supervision more often and perhaps only can process data for some TA techniques (Elliott waves, for example) and maybe on-chain data (Glassnode-style), while you could let a modern AI trading bot operate during more time and let it process data from more sources, including things like news related to a specific topic. But it continues to be an advanced trading bot.
Other use cases than trading (which has not to be limited to cryptoassets, it can include physical infrastructure like storage, computation etc. or even "robot activity") are more difficult to imagine. For example, an escrow AI bot. I believe this is currently still out of reach, as this tasks needs a lot of flexibility when requesting documents from parties in dispute, for example, and has to be unpredictable to avoid being gamed.
Another aspect is that AI bots can operate with all kinds of assets. They only need an API to work, and thus there is no need for a dedicated AI blockchain (IOTA for example tried to market that use case since 2014 or so ... they miserably failed, it seems).
For me the only legitimate use case for an AI-related blockchain is crowdfunding an AI startup. If made well, an AI company can be bootstrapped with an utility token "pegged" to their AI-related services. But of course the business model then is not really related to the aspect that "it's a blockchain". The business model will be probably to sell AI bots to companies (and maybe also individuals), and blockchain is then only the financial platform for that.
I don't think AI on the blockchain should be a thing. Back when I was still doing my final thesis in school, my supervisor wanted me to bring AI to blockchain but I knew it isn't possible (yet) because AI can't currently manage it's own keys like a human would. Another reason I think it's an outright bad idea is because if an AI creates a DeFi protocol and amasses millions or even billions in TVL, there's always a chance that it can go rogue and rug all of it's users. The tech is great but until there's a guarantee, I don't think we need such on chain.
AI is AI and blockchain is blockchain.
AI is AI and blockchain is blockchain.
I’ve been looking at some projects that aim to bridge blockchain with real-world applications, and honestly, it’s got me thinking. The idea of machines interacting autonomously and securely is cool, but it’s also kind of intimidating. With things like self-sovereign machine identities and devices making payments or verifying data on their own, it’s a whole new level of automation.
I get the potential for industries like logistics and IoT, but there’s still a lot that can go wrong. If this kind of system goes mainstream, who controls the infrastructure? And how do we make sure it’s secure? It’s ambitious, but I’m curious to see how it plays out. Anyone else have concerns or thoughts on this type of tech?
I get the potential for industries like logistics and IoT, but there’s still a lot that can go wrong. If this kind of system goes mainstream, who controls the infrastructure? And how do we make sure it’s secure? It’s ambitious, but I’m curious to see how it plays out. Anyone else have concerns or thoughts on this type of tech?
You're talking about Depin right? As with all types of tech, they're issues of scalability and compatibility. If they can solve that then, it'll be good..OP, you can do some research on PEAQ and tell me what you think. It's like the blockchain for DEPIN and I'm considering farming.
I’ve been looking at some projects that aim to bridge blockchain with real-world applications, and honestly, it’s got me thinking. The idea of machines interacting autonomously and securely is cool, but it’s also kind of intimidating. With things like self-sovereign machine identities and devices making payments or verifying data on their own, it’s a whole new level of automation.
I get the potential for industries like logistics and IoT, but there’s still a lot that can go wrong. If this kind of system goes mainstream, who controls the infrastructure? And how do we make sure it’s secure? It’s ambitious, but I’m curious to see how it plays out. Anyone else have concerns or thoughts on this type of tech?
I get the potential for industries like logistics and IoT, but there’s still a lot that can go wrong. If this kind of system goes mainstream, who controls the infrastructure? And how do we make sure it’s secure? It’s ambitious, but I’m curious to see how it plays out. Anyone else have concerns or thoughts on this type of tech?
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