#Ethereum co-founder, Vitalik Buterin, warns developers about the necessity of caution when integrating artificial intelligence (AI) and blockchain technology. In a recent blog post from January 30, #Buterin emphasizes the need for a considered approach, especially in the development of new applications in areas of high value and risk.
Challenges and Risks Associated with #AI and #Blockchain
Buterin reminds developers of the risks associated with using AI in critical applications, such as predictive markets or stablecoins, where AI could be utilized as an oracle. If such an oracle were to be vulnerable, it could lead to significant financial losses.
One of the potential benefits of AI is its use in predictive markets or in the interfaces of #cryptocurrency wallets, where it could help users better understand and safely interact with cryptocurrencies. However, Buterin highlights that fully automated AI interfaces bring an increased risk of errors, while a combination of AI with traditional interfaces could be more viable.
Security Concerns and the Potential of Artificial Intelligence
According to Buterin, the riskiest use of AI is in rule enforcement or management of crypto systems, as the open-source code of artificial intelligence might be susceptible to attacks. AI with closed-source offers a degree of security but lacks transparency and may not be unbiased.
An example of closed-source AI is the Worldcoin project by OpenAI, which relies on "trusted hardware" instead of an open approach to the AI model.
Challenges of Decentralized Artificial Intelligence
Buterin considers the greatest challenge to be the creation of decentralized artificial intelligence utilizing crypto and blockchain, which could serve as a foundation for other applications. The goal is to create a "singleton" – a single decentralized trustworthy AI that various applications could rely on. These applications could improve both the functionality and security of AI while avoiding the centralization risks associated with more common approaches to this issue.
Buterin concludes that despite the potential benefits, there are challenges and risks that could cause the fundamental assumptions of using AI in the blockchain environment to fail.
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