Where, why and how AI, cryptocurrency and blockchain come together

The future is here, and it’s a doozy.

Cryptocurrency, distributed ledger technology and artificial intelligence (AI) have a lot of overlap.

Firstly cryptocurrency mining and machine learning cycles are extremely similar, while crypto has already delivered a way to directly use computing cycles as a currency. This helps opens the doors to much quicker development of machine learning systems. There are already signs that the future will feature a global machine learning cloud computer network where machine learning warehouses, similar to bitcoin mining warehouses, crop up to educate future generations of robots on demand.

Beyond that, you can also see how AI firms are using cryptocurrency and blockchain technology, and how developments in different areas can be used across multiple industries.

Just look at image recognition

CloudSight is an image recognition AI firm that’s using the bitcoin network to decentralise its machine learning and let its products better serve customers. It’s currently geared towards relatively straightforward applications such as reliably and automatically captioning images on online marketplaces, but is eyeing cryptocurrency technology to get to the next level.

To that end, it recently announced its support for bitcoin lightning network payments, unlocking the ability to handle digital microtransactions to speed up development and open new use cases.

“Bitcoin’s utility extends far beyond its monetary value. The secure, decentralised technology enables two parties, including AI, to engage in a trustless transaction,” it said.

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Source: Where, why and how AI, cryptocurrency and blockchain come together | finder.com.au