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AI, AN and Blockchain Technology Together Can Revolutionize the Human Race

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AI (Artificial Intelligence) and AN (Artificial Intuition) are the buzz words of the computer science world. Interestingly, these two technologies are aficionados of human intelligence and are constructed to assist the human race in its overall growth and progress. To understand how they help us, humans, in various sectors, how these technologies are different, and how blockchain can use and push them to greater heights, we have written this article to present an interesting perspective on the topic. Let us start with understanding AI (Artificial Intelligence) and AN (Artificial Intuition) first and then dive into their interrelations.

What is Artificial Intelligence (AI) in the first place?

Artificial Intelligence or AI is an umbrella term that covers many aspects of machine intelligence. Therefore, any device which is capable of perceiving its environment and is able to take related required actions towards a set goal will come under AI. One can say that in a way, AI is, to an extent mimicking the cognitive functions of human intelligence, such as learning, retaining memories, solving complex problems, etc. The authors of the book- ‘Artificial Intelligence: A Modern Approach,’ Stuart Russell and Peter Norvig suggest that historically AI is defined to constitute:

  • Thinking humanly
  • Thinking rationally
  • Acting humanly
  • Acting rationally

Defining Artificial Intuition (AN):

Simply put, there is a form of intelligence that exists beyond logical intelligence and skill-set. In a human being, it is called intuition. It’s the same intuition that enables us to understand if a stack of Oreos is unstable and may fall, even when we don’t know the physics and mathematical formulae that govern balance and imbalance. Artificial Intuition is the next stage that comes after Artificial Intelligence.

Artificial Intuition is a result of using a sensible direction that makes use of many micro-skills, memories, skill-set nested together. In computers, intuition is surprisingly easy to implement. But it requires a huge memory space. This challenge naturally gushes us towards the help the blockchain technology can offer. Like AI is an important building block in AN, AN can be an integral part of the blockchain technology. In this article, we will see how these technologies can be mutually beneficial and how blockchain is pushing both of these technologies.

The transformational power of the blockchain technology for AI and AN:

Blockchain technology has disrupted many industries such as the finance sector, healthcare, business logistics, security, education, food supply, etc., for good. AI and AN are also in line for this constructive disruption, as the blockchain technology offers safer, faster, more transparent, zero tolerance for frauds, cost-effective, risk management strength, etc. Scientists and experts are working hard to incorporate the power of blockchain technology into AI and AN sectors too. Merging AI (Artificial Intelligence) and AN (Artificial Intuition) with the blockchain technology can result is great analyzing power of AN and transparency of blockchain technology. The ways in which the blockchain technology can transform these technologies are simply min-blowing. Let’s look at it here:

  • The peer-to-peer system of the blockchain technology can feed AN & AI with ample data source:

The effectiveness of AI (Artificial Intelligence) and AN (Artificial Intuition) hinges on the amount of data that is available to them. The current access to data through means such as Google, Facebook, Amazon, and other similar social platforms, is beneficial to the development of the AI and AN, but it comes with a limitation. Moreover, this data is not available on the market.

Blockchain technology, with its peer-to-peer system, can solve this issue. Given everything is open on the ledger technology, everyone gets easy access to data on the network.

  • Data management:

Handling the huge amount of data has been an ever-existing problem for many years. It is estimated that the amount of current data is 1.3 Zettabytes. To an extent, the sub-branch of AI- ‘Artificial General Intelligence’ has been successfully able to work as a ‘feedback control system.’ But due to its centralized nature, it too had its limits.

Fortunately, with the emergence of ledger technology, a fresh avenue of decentralized technology where the management of the data has become very effective. The security of the data, due to the decentralized nature, has also improved. Additionally, the decentralized nature of the blockchain technology acts as a strong wall against the pressing issues such as hacking and corruption.

  • The immutable blockchain technology hones more trustworthy AI structure:

AI and AN, as seen above, is heavily reliant on the amount of data they get exposed to. Due to issues such as intentional tampering, human error, technical faults, the results of the data analysis by AI can be manipulated.

In such a situation, blockchain technology’s transparent, verifiable, time-stamped, auditable, open-network, and open-access nature can prove to be a great boon to the data analysis sector.  AI (Artificial Intelligence) and AN (Artificial Intuition) can, therefore, act far more effectively with a trustworthy data source. The already-verified data offered by the blockchain technology can offer benefits such as:

  1. Lowered troubleshooting session
  2. Decreased tampered data
  3. Irregularity in the supply chain
  4. Lower the stress in data management

Given the data will be traceable and auditable, the management of the data will become far more effective, thus boosting the AI and AN industry to great lengths.

  • Better control over rights to any content:

Your ‘rights on your content’ is a very sensitive topic, and unfortunately, it is the very thing that is compromised the most. For instance, most of the social platforms these days make you give up (fully or partially) your right to your content, which you publish on their platforms. This can lead to issues such as plagiarism, cyber crimes, copyright issues, etc.

The blockchain technology in such as a case can be very beneficial. With its data-verifying nature, it can guarantee the correct authorship of the content, and in addition, it can offer additional support in:

  1. True license
  2. Permission access to the content
  3. Paid-access to the content
  4. Paid-usage of the content
  5. Maintaining IP (Intellectual Property) rights
  6. Royalty rights can be maintained
  7. Privacy of the content can be better controlled

Conclusion:

The ways in which the blockchain technology can help the AI and AN sector are endless. In this article, we have tried to give you a birds-eye view of the possibilities. The fact that the blockchain technology can disrupt the AI and AN industry for good is very promising. Many blockchain firms that support the blockchain technology with AI & Artificial Intuition (AN) like fetch.ai, Velas, have already started to materialize the benefits. The future holds a lot of excitement and true growth with the amalgamation of AI, AN, and blockchain technology’s super-powers.

Source: https://www.cryptonewsz.com/ai-an-and-blockchain-technology-together-can-revolutionize-the-human-race/58849/

Blockchain

Swipe Is the Latest Project to Integrate Chainlink’s Price Oracles

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Swipe wallet and crypto debit card platform has integrated Chainlink (LINK) data oracles to improve the accuracy of reward issuance and token burns. 

Swipe CEO Joselito Lizarondo said Chainlink’s decentralized price feeds will provide more accurate and fair token conversion prices for users and was an important step towards  greater decentralization:

“This is important to us to bring transparency to our users, especially as we’re kind of leaning towards starting to migrate from custodial products to noncustodial products in the future. So this is a starting point of decentralization in our system to ensure that our users are seeing a fair price point.”

Cointelegraph asked Lizarondo whether the rising price of LINK concerned him as consumers of Chainlink data have to pay with LINK tokens for their data calls. Lizarondo acknowledged that “there is a fee structure,” but declined to disclose the details.

Half a million users

The Swipe CEO declined to disclose statistics about debit card transaction volumes besides saying that they have 500,000 users. He noted that since his competitors do not disclose their numbers, he does not want to give them an advantage.

Major cryptocurrency exchange Binance is the majority owner of Swipe, but Lizarondo said the company has preserved its operational independence. Swipe also has an interesting philosophy towards digital assets custody, they employ two major custodials — Coinbase Custody and BitGo.

Lizarondo explained that it is dictated by both necessity, as Coinbase does not yet support Swipe’s native token SXP, and a desire to diversify their risks:

“We don’t want to put all of our eggs in one basket. We don’t want to have a central point of failure, even though these are very reliable custodians.”

Source: https://cointelegraph.com/news/swipe-is-the-latest-project-to-integrate-chainlinks-price-oracles

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Craig Wright Won’t Need to Pay Hodlnaut $60K Until Appeal Is Over, Says Counsel

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Craig Wright, a self-proclaimed Bitcoin (BTC) creator, is apparently not required to pay legal fees for a failed libel suit against the Twitter crypto enthusiast known as Hodlonaut.

In an Aug. 14 email to Cointelegraph, Wright’s legal representative argued that he is not obliged to pay legal costs in the defamation suit until the Norwegian Supreme Court considers an appeal.

The spokesperson said, “Craig has appealed to the Norwegian Supreme Court. Craig’s Norwegian lawyers say that there is no obligation on Craig to pay the costs until that appeal is dealt with.”

The new comments come in response to Hodlonaut claiming that Wright has been ignoring a court filing requiring him to pay legal fees within two weeks following a Jun. 8 court judgment. In an Aug. 13 tweet, Hodlonaut argued that Wright “has not paid a cent” out of $60,000 in two months after the judgement was made.

According to Hodlonaut, the Norwegian Court of Appeals denied an appeal to Wright earlier in June. The Twitter persona continued that Wright was obliged to pay “all costs for both District Court and Court of Appeals” in a tweet on June 8.

As previously reported, Hodlonaut is one of several crypto people targeted by Wright’s multiple defamation suits aiming to prove that he is the true creator of Bitcoin. Similar cases were brought against Ethereum co-founder Vitalik Buterin, early Bitcoin investor Roger Ver, and podcaster Peter McCormack.

The legal action against Hodlonaut was reportedly triggered by offensive tweets calling Wright a “very sad and pathetic scammer” and claiming that the Australian businessman was “clearly mentally ill.” Hodlonaut is also reportedly involved in the creation of the #CraigWrightIsAFraud hashtag.

In response to initial reports on Wright filing a libel suit against Hodlonaut, the crypto community announced a crowdfunding to help the Twitter crypto enthusiast “unfounded legal attacks.” 

Blockchain​ entrepreneur Elizabeth Stark was apparently among the first crypto players to support Hodlonaut, announcing WeAreallHodlonaut.com crowdfunding website in April 2019. At the time of writing, the initiative has raised $32,430 worth of Bitcoin (BTC), blowing well past it’s initial goal of $20,000.

How or whether these funds have been applied to Hodlnaut’s legal costs remains uncertain, but the site claims “We hit our $20k goal but lawyers can get expensive so please keep it up with the donations.” It also features a link for a swag store, the proceeds of which purportedly go to the legal defence fund.

Source: https://cointelegraph.com/news/craig-wright-wont-need-to-pay-hodlnaut-60k-until-appeal-is-over-says-counsel

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Bitcoin a Hedge Against Elon Musk Mining Asteroid Gold, Say Winklevoss Twins

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The Winklevoss Twins suggested that Bitcoin (BTC) is a better investment than gold because the metal’s supply will increase after Elon Musk starts mining asteroids.

In an interview with internet personality and Barstool Sports founder David Portnoy, the Winklevoss Twins claimed that Bitcoin is a better investment than gold because gold does not have a fixed supply:

“There’s billions of dollars of gold floating in asteroids around this planet, and Elon [Musk] is gonna get up there and start mining gold. […] That’s why gold is a problem, because the supply isn’t fixed like Bitcoin.”

Portnoy reasonably asked, “Is that, like, a real statement?” to which the founders of Gemini cryptocurrency exchange replied, “yeah.”

To further reiterate the idea that gold is inferior to Bitcoin, one of the twins said that “gold is for boomers” adding that Bitcoin is “the only fixed asset in the galaxy.”

Space mining is not a new idea, in fact Planetary Resources — a firm planning to mine asteroids for profit founded in 2016 — has so far raked in $50.3 million according to company data website Crunchbase. As Cointelegraph reported at the end of 2018, the firm was later acquired by Ethereum-focused blockchain firm Consensys.

Some predict that with further development of space travel technology we could soon see a new space race between private companies that are looking to mine minerals in space. CNBC suggested in May 2018 that materials lying in the belt of asteroids between Mars and Jupiter hold “wealth equivalent to about $100 billion for every individual on Earth.”

Source: https://cointelegraph.com/news/bitcoin-a-hedge-against-elon-musk-mining-asteroid-gold-say-winklevoss-twins

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