Because the crypto area developed, blockchain use instances expanded from easy digital currencies and non-fungible tokens (NFTs) to extra complicated areas reminiscent of digital identification verification and telecommunications.
Forward of the Token2049 occasion in Dubai, Cointelegraph spoke with Spacecoin CEO Stuart Gardner, Spacecoin founder Tae Oh, and Humanity Protocol founder Terrence Kwok to discover how they use blockchain to enhance sure industries.
From addressing challenges like verification within the synthetic intelligence period to bringing web connectivity to creating international locations, initiatives are integrating blockchain to unravel issues in several industries.
Digital identification verification to fight the AI risk
As synthetic intelligence developed, the expertise introduced enhancements that folks may gain advantage from. Nevertheless, the expertise was additionally adopted by malicious actors who used the tech to carry out AI-assisted hack analysis and deepfake scams.
Kwok instructed Cointelegraph that simply two years in the past, the thought of getting to show you’re human appeared “loopy.” Nevertheless, with at present’s developments in AI, it has turn out to be remarkably simple to pretend being an actual individual.
“As for content material, you may’t inform if it is AI-generated or not. Video deepfakes, you can’t inform, proper? Even paperwork. It is tremendous simple now to make use of AI to create a pretend proof of handle, a pretend proof of steadiness on your financial institution assertion. I feel sooner or later it is solely going to worsen,” he stated.
The manager additionally stated that sooner or later, AI may exist within the bodily world by humanoids which may mimic human beings. In 2024, Tesla’s humanoid robotic challenge was showcased on social media, highlighting developments in humanoid robotics.
Kwok stated that the event of robots underscores the necessity for human identification verification much more. The manager stated that this was why they launched the Humanity Protocol, which makes use of blockchain tech for digital identification verification.
“The web is crammed with bots, you understand, it is crammed with AI brokers. They’re nice, however there’s additionally a necessity to have the ability to confirm and test whether or not one thing or someone is an individual or not,” Kwok instructed Cointelegraph.
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Decentralized satellite tv for pc community to fight the connectivity oligopoly
Other than digital identification, blockchain expertise can also be getting used to create a decentralized satellite tv for pc community.
Gardner instructed Cointelegraph that for the time being, the satellite tv for pc connectivity panorama is an oligopoly, a market construction the place the business is dominated by just a few massive gamers.
The manager identified that Starlink and Amazon lead the race, whereas the EU and China are catching up. Nevertheless, the massive drawback is that over 150 international locations are lagging behind.
“They will turn out to be reliant upon working with one among these oligopolies for his or her connectivity. And that poses a giant subject for these folks,” Gardner added.
On Nov. 1, Spacecoin unveiled a plan to launch a decentralized bodily infrastructure community (DePIN) by a fleet of nanosatellites in area.
Oh instructed Cointelegraph that the Spacecoin thought got here from the remark that the area business is getting closely commoditized. Nevertheless, the chief stated that it was doable for smaller corporations and even people to launch their very own satellites and begin constructing constellations for connectivity.
The Spacecoin founder added that since completely different folks or entities personal every satellite tv for pc, it is primarily a “decentralized community.”
The manager stated that they built-in crypto into the challenge to have a “trustless technique of fee and knowledge alternate.” Oh stated that this was the place the blockchain is available in.
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