With the launch of artificial intelligence (AI) tools such as ChatGPT and Sora as well as a myriad of less popular but even more useful AI-based tools, it is becoming increasingly clear that artificial intelligence will play a significant role in our lives moving forward. ChatGPT is already revolutionizing how people write all kinds of content, and companies worldwide are using AI tools to analyze data, improve consumer experiences and optimize their workflows.
One Web3 researcher says blockchain technology could accelerate the ongoing AI revolution by granting it much-needed decentralization and democratization. Jasper De Maere, the research lead at crypto-focused venture capitalist firm Outlier Ventures says blockchain can solve security and privacy risks in artificial intelligence by boosting data protection.
De Maere is one of many experts who have aired misgivings about the potential risks of AI systems and stressed the need for rethinking how AI capabilities should be managed and secured. He notes that while “AI is great,” the technology still has shortcomings such as the questionable practices regarding data privacy and security in centralized artificial intelligence systems.
U.S. Securities and Exchange Commission (SEC) chair Gary Gensler, for instance, warned that centralized AI could be a major threat to America’s financial system. According to Gensler, relying on only a couple of AI models has created a monoculture that could lead to systemic fragility. Such vulnerability has the potential to cause significant damage in critical sectors, especially if they all adopt a handful of the same AI tools and models.
Incorporating resilient, decentralized blockchain structures into AI systems would significantly enhance their security and privacy. De Maere notes that blockchain could also help to create an immutable and transparent IP information database that would ensure the authenticity and integrity of AI-generated content. This would help to address the complicated issue of intellectual property rights in an age of rapidly proliferating AI-generated content and art.
As the online and physical worlds become more connected, there is a pressing need to gain more control over online identities and increase data privacy. In a recent worldwide poll by an Ethereum technology provider, 79% of respondents said they wanted greater control over their online identities, and the majority of respondents also prioritized data privacy.
These findings point to increased public interest in the democratization of access, privacy and ownership, which are the core principles of blockchain. De Maere sees a future where AI and blockchain come together in a synergistic convergence that solves AI’s security and privacy concerns.
For entities with an interest in healthcare ecommerce, such as NextPlat Corp. (NASDAQ: NXPL) (NASDAQ: NXPLW), leveraging Web3 technologies, security and privacy take on even greater significance, given how sensitive information about patients can be.
NOTE TO INVESTORS: The latest news and updates relating to NextPlat Corp. (NASDAQ: NXPL, NXPLW) are available in the company’s newsroom at https://ibn.fm/NXPL
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