In a recent episode of Cointelegraph’s Hashing It Out podcast, Chris Feng, co-founder and chief operating officer of Chainbase, joins host Elisha Owusu Akyaw to discuss the evolving role of data and artificial intelligence in the blockchain ecosystem. The podcast delved into how these technologies drive new developments within the Web3 space, shedding light on the untapped potential of onchain data as a critical asset for both industries.
Feng explained how onchain data is not just a record of transactions but is becoming a new type of asset class. As Web3 grows, data from blockchains is being leveraged for more than just verifying transactions — it’s also providing valuable insights that fuel innovation.
Feng emphasized the need for robust data infrastructure to support this shift, noting that Chainbase is building an ecosystem where developers can work with high-quality data, driving more precise applications in the Web3 environment.
A key point of discussion was the intersection of artificial intelligence and blockchain. According to Feng, the rise of AI has significantly impacted how businesses operate, with blockchain playing a crucial role in ensuring transparency and trust in data. Chainbase addresses this by providing a network that converts raw blockchain data into actionable insights for AI applications, allowing models to better understand and process blockchain data.
Feng also highlighted the broader implications of this transformation, predicting that integrating AI with blockchain could shape the future of Web3 applications, creating smarter, more efficient platforms that lower entry barriers for developers.
This episode offers a clear view of how data, AI and blockchain converge, setting the stage for new technological advancements in the Web3 space.
Listen to the latest episode of Hashing It Out on Spotify, Apple Podcasts or TuneIn. You can also explore Cointelegraph’s complete catalog of informative podcasts on the Cointelegraph Podcasts page.
This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.
