Completely Decentralized AI-Driven Ecostystem. Is it Possible?

[Squidley03]

Decentralization At The Moment And Where AI Stands.

"Centralization is becoming an increasingly contentious point in the blockchain space as the decentralization of several crypto projects has come into question lately.
[justify]Blockchains that run on both proof-of-work (PoW) and proof-of-stake (PoS) protocols face a variety of issues that threaten their decentralized nature. As the centralized mining pools that support traditional PoW networks like Bitcoin continue to grow exponentially, decentralization of the networks decrease. Similarly, many PoS networks suffer from inequality in token distribution, giving wealthy investors an unfair degree of control over the network.[/justify]
To combat this threat, a new startup based in Switzerland plans to utilize artificial intelligence and neural networks to create an enhanced consensus algorithm unlike anything seen before."

Personally I believe that the idea of introducing AI into the mix would be beneficial for people who do not want anybody to have control over their data however only time can tell before somebody learns how to exploit this.

https://cryptodailycdn.ams3.cdn.digitaloceanspaces.com/uploads/featured-images/Generic/people-computer-ai.jpg

AI is already being used with companies like VIA where they are currently incorporating AI and Blockchain for some of the largest energy companies to conceptualize and utilize their data properly.
On the other end of the spectrum VELAS is working on the issue previously talked about in this thread "V[font="Open Sans",sans-serif]ELAS (Virtual Expanding Learning Autonomous System) is a highly scalable, interoperable blockchain that uses AI technology to circumnavigate scalability and capacity limitations that are presented by human involvement. The improvements equate to a massive increase in transactional speeds when compared with existing blockchain networks." [/font][/color]




[font="Open Sans",sans-serif]A roadmap to true decentralization [/font][/color]


[justify]"Velas has already made the project available to developers to build on and begun working with companies like Mind.AI to develop systems on its VELAS mainnet. Asset tokenization, smart contract creation, and AI-integration are just a few of the benefits that the VELAS blockchain currently offers. Future developments, some of which will be launched this month, include a multi-signature wallet, custody solution and a fully licensed cryptocurrency exchange.[/justify]

The Velas token (VLX) is also scheduled for launch this month and will initially be issued to four masternodes which will begin to process transactions on the network. The initial public listing of the VLX token will be through an IEO (Initial Exchange Offering) before being made available on several major crypto exchanges. An expansion to 10 masternodes and AI-testing across four servers will follow in Autumn this year."



Source: https://cryptodaily.co.uk/2019/07/is-a-completely-decentralized-ai-driven-ecosystem-possible-what-effect-would-it-have-on-the-crypto-industry

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[Squidley03]

personally I believe that an AI driven ecosystem will be possible in the next year or so, however there is still a lot of big companies who control peoples data and they will want to maintain control over that data which means that companies like VELAS will need a lot of attention from the media to outdo these bigger companies

[X-ray]

When you can create a good AI but you will get a problem when you are facing the regulation. AI can be implemented in all of part in the ecosystem. Remember even some exchange sites have been used it and remember about the BOT trading.
the problem is you can't implement AI in the various ecosystem at the same time and you must focus in the one section.
But, does velas has MVP? or at least we can see that prototype that already made by velas.

[Tarion]

It would be possible without any doubt, but not now We are not so far in AI development to make such things happen right here and right now. Within several decades, when technology will be on a whole new level, I am pretty sure that AI systems will be integrated in our daily lives and will operate completely automatically.

[Squidley03]

When you can create a good AI but you will get a problem when you are facing the regulation. AI can be implemented in all of part in the ecosystem. Remember even some exchange sites have been used it and remember about the BOT trading.
the problem is you can't implement AI in the various ecosystem at the same time and you must focus in the one section.
But, does velas has MVP? or at least we can see that prototype that already made by velas.

I totally agree with you and i'm pretty sure velas are creating their own ecosystem for them to implement their own AI rather than integrating it into Dogecoin for example

[Squidley03]

It would be possible without any doubt, but not now We are not so far in AI development to make such things happen right here and right now. Within several decades, when technology will be on a whole new level, I am pretty sure that AI systems will be integrated in our daily lives and will operate completely automatically.

But what if we make a mistake and the ai somehow becomes self aware xD