Coinbase: AI and Crypto Merging Represents a Major Opportunity
Coinbase has released a research report stating that the intersection of artificial intelligence and blockchain represents a major opportunity for entrepreneurs.
In a Thursday report, the largest US-based cryptocurrency exchange highlighted the benefits of combining both techs to create new solutions for societal challenges presented by AI.
“As applications within AI and blockchain mature, the disruptions these technologies represent may lead to areas of collaboration and the emergence of new use cases for crypto to help address specific societal challenges posed by AI," David Duong, head of research at Coinbase, said.
The report mentioned several potential use cases that combine both AI and blockchain technology.
In the first place, it said decentralized data marketplaces could help generative AI meet the demand for a verified and diverse set of data to train its models. Similarly, token-based incentive mechanisms could improve the quality of data sourced from those marketplaces.
Other use cases include providing computational power from decentralized networks that utilize graphics processing units for AI projects to train their models, improving data authenticity, and making AI algorithm’s opaque decision-making process more auditable.
Furthermore, the report claimed that the combination of AI and blockchain has the potential to address issues such as algorithmic bias and digital identity verification.
It is worth noting that blockchain technology also has the potential to address issues like disinformation risks. Blockchain and non-fungible tokens can be used to establish the provenance of images, video, music, and other media.
Moreover, blockchain can help make the decision-making processes of generative AI models more
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