Can Blockchain Counter the ill Effects of AI?

6 months ago

KEY FACT: As both AI and blockchain technologies continue to evolve, their convergence could pave the way for a new era of innovation, characterized by enhanced security, fairness, and transparency.

Image created on Gemini

Can Blockchain Counter the Ill Effects of AI?

The Problems

In recent years, artificial intelligence (AI) has become an integral part of various sectors, from healthcare to finance, providing unprecedented opportunities for innovation and efficiency. While the benefits are numerous, there are concerns including issues of user data privacy, security, bias, and transparency, among others. This is because AI systems often require vast amounts of data to function effectively, though it raises the risk of data breaches and unauthorized access.

Blockchain technology can enhance data security through its decentralized nature. Unlike traditional centralized databases, blockchain stores data across a network of nodes, making it more resistant to hacking and data breaches. Moreover, blockchain’s cryptographic techniques ensure that data is securely encrypted, further protecting sensitive information.

The transparency concerns of AI systems revolve around the "black boxes," in its operations which make AI decisions complex. This lack of transparency can lead to accountability issues, especially in critical areas like criminal justice, hiring, and finance, where AI decisions can significantly impact individuals’ lives.

Bias and lack of fairness in AI systems can be traced to the fact that AI systems are only as good as the data they are trained on. A biased training data will likely perpetuate biased AI outputs.

A Case Study

Today, deepfakes have become a thing in the AI world. AI-generated deepfakes are a top-of-mind concern for almost all elected officials. This is understandable. Not only is it a policy question, but they have a great deal to lose from even one sufficiently convincing, well-timed deepfake. In January, for instance, a political consultant used an AI-generated recording of President Biden to discourage would-be voters from going to the New Hampshire primary polls. With this, it is imperative that deepfakes can be exploited in more than one way. In other words, deepfakes can be used to impersonate politicians, and the prospect of deepfakes can be used to dismiss inconvenient, but legitimate, media.

The Possible Blockchain-based Solutions

A cursory look at the challenges above hints that blockchain technology has the potential solution to mitigate these negative effects of AI. Blockchain technology, with its decentralized, transparent, and immutable characteristics, offers promising solutions to these challenges.

For instance, in healthcare where patient data privacy is paramount, leveraging blockchain, healthcare providers can ensure that patient data is stored securely and accessed only by authorized personnel. Patients can also have more control over their data, deciding who can access it and for what purposes, thus enhancing privacy and trust.

On transparency, blockchain can provide a tamper-proof audit trail of all actions and decisions made by the AI. By recording each step of the decision-making process on a blockchain, stakeholders can trace back and understand how a particular decision was reached. This transparency can help in identifying and correcting biases and errors in AI algorithms. For example, in the context of AI-powered lending decisions, blockchain can provide a clear record of how decisions were made, ensuring fairness and accountability. Blockchain can ensure the integrity and provenance of the training data.

Moreover, by recording the origin and changes to the data on a blockchain, it could become easier to detect and correct biases in the data. Furthermore, smart contracts on blockchain can be used to enforce ethical standards and guidelines in AI development. These self-executing contracts with the terms of the agreement directly written into code can ensure that AI systems adhere to predefined ethical guidelines, thus promoting fairness and reducing biases.

Blockchain is best at fostering collaboration and innovation and this can be leveraged in the AI space. By providing a decentralized platform for sharing data and AI models, blockchain can facilitate collaboration among researchers, developers, and organizations while ensuring data privacy and security. This collaborative environment can accelerate the development of more robust and ethical AI systems.

Conclusion

While AI has the potential to revolutionize various industries, it also presents significant challenges related to data privacy, security, transparency, and bias. As both AI and blockchain technologies continue to evolve, their convergence could pave the way for a new era of innovation, characterized by enhanced security, fairness, and transparency. The synergy between AI and blockchain holds the promise of addressing some of the most pressing concerns in the digital age, ultimately contributing to a more secure and equitable technological landscape.

If you found the article interesting or helpful, please hit the upvote button, and share for visibility to other hive friends to see. More importantly, drop a comment below. Thank you!

This post was created via INLEO, What is INLEO?

INLEO's mission is to build a sustainable creator economy that is centered around digital ownership, tokenization, and communities. It's Built on Hive, with linkages to BSC, ETH, and Polygon blockchains. The flagship application: Inleo.io allows users and creators to engage & share micro and long-form content on the Hive blockchain while earning cryptocurrency rewards.