How Vitalik Buterin Envisions the Convergence of AI and Blockchain

Vitalik Buterin, the mind behind Ethereum, recently shared four groundbreaking ideas to bridge artificial intelligence (AI) and cryptocurrency, hinting at a future where both technologies merge.

Buterin’s insights point to a transformative synergy, promising to redefine their interaction.

How AI and Blockchain Technology Can Compliment Each Other

According to Buterin, one key idea is using AI as a participant in blockchain systems. This concept envisions AI in prediction markets. Here, AI uses its vast knowledge for analysis, enhancing blockchain applications. This approach aims to tap into AI’s efficiency, broadening the scope of what blockchain can do.

“AIs are willing to work for less than $1 per hour, and have the knowledge of an encyclopedia – and if that’s not enough, they can even be integrated with real-time web search capability.

If you make a market, and put up a liquidity subsidy of $50, humans will not care enough to bid, but thousands of AIs will easily swarm all over the question and make the best guess they can. The incentive to do a good job on any one question may be tiny, but the incentive to make an AI that makes good predictions in general may be in the millions,” explained Vitalik Buterin.

Read more: How Will Artificial Intelligence (AI) Transform Crypto?

Buterin also suggests AI as an interface that can do tasks such as warning users before signing transactions. This role for AI could simplify the complex world of crypto for users. It could offer guidance, explain smart contracts, and prevent scams. However, the Ethereum co-founder warns against relying too much on AI alone. He advocates for a balance with traditional interfaces to ensure safety and clarity.

Another thought-provoking application is AI setting rules in blockchain games or decentralized autonomous organizations (DAOs). This idea allows AI to be treated as judges or a rulebook to refer to. While the idea has potential, Buterin emphasizes the need for careful planning to avoid risks.

Read more: AI for Smart Contract Audits: Quick Solution or Risky Business?

The final idea explores creating AIs with blockchain technology. This aims to build decentralized, bias-free, and secure AI systems. Such AIs could be transparently governed and controlled, addressing AI’s ethical risks.

“From an AI safety perspective, this would be a technique to create a decentralized AI that also has a natural kill switch, and which could limit queries that seek to use the AI for malicious behavior,” said Buterin.

Buterin’s reflections come as AI and blockchain grow rapidly. His ideas suggest a future where these technologies don’t just coexist but work together. This collaboration could unlock new innovations.

Yet, Buterin calls for caution. He emphasizes understanding the implications and ethical concerns of merging AI and crypto. His vision outlines a future filled with challenges but also vast possibilities. This could change technology and society in profound ways.