Bitrabo Editorial
Coinbase, one of the largest crypto exchanges in the world, acknowledges the potential impact of Artificial Intelligence (AI) in revolutionizing the utilization, regulation, and understanding of cryptocurrencies in the sector. Coinbase foresees the transformative power of AI in various aspects of the crypto industry, according to a Bloomberg report.
Coinbase Identifies New Collaborative Opportunities
David Duong, Coinbase’s head of research, highlighted the potential for new use cases in AI and blockchain. The maturation of applications in AI and blockchain presents solutions to societal challenges and can disrupt multiple industries. One example of such collaboration includes the use of generative AI and decentralized data marketplaces. Such marketplaces can satisfy the requirement for diverse datasets necessary for training generative AI models. The use of blockchain technology in these marketplaces can offer a transparent and secure platform for data exchange.
BTCUSD slightly above the $27K level on the weekend chart: TradingView.com
Incentives for Quality Data Through Tokens
The report suggests that a token-based system for incentivization may enhance the quality of data sourced, encouraging data providers to provide high-quality and reliable data that ultimately benefits generative AI models. Tokens can maintain the integrity and accuracy of data exchanged on these platforms.
Collaborative AI-Blockchain Solutions: The Potential Impact
The maturation of blockchain and AI technologies provides substantial promise. The blending of AI systems and blockchain can address challenges related to privacy, security, and trust. Furthermore, such collaboration paves the way for innovative solutions to unique societal challenges, utilizing the strengths of both blockchain and AI.
Source: thepolicytimes.com
Duong’s report stresses how AI and blockchain may merge to create new opportunities for collaboration, supporting the development of innovative solutions for unique societal challenges posed by AI. Tokens categorized under the AI category have recently experienced substantial investor interest. The surge in investment is attributed partly to the popularity of ChatGPT, which is becoming one of the fastest-growing AI applications. Furthermore, OpenAI, which is behind ChatGPT, raised billions of dollars in investments, further boosting confidence and interest in AI-related tokens.
-Featured image from Artificial Intelligence Magazine