The combined impact of the cryptocurrency and artificial intelligence (AI) industries could contribute a staggering $20 trillion to global GDP by 2030, according to digital asset manager Bitwise.
Bitwise Senior Crypto Research Analyst Juan Leon stated in a recent report that the convergence between AI and crypto could have far-reaching impacts that exceed current expectations.
Leon highlighted the emerging partnership between Bitcoin miners and artificial intelligence as one of the potential collaboration opportunities between the two sectors. He also argued that beyond miner diversification, blockchain-based verification presents another significant opportunity at the intersection of crypto and artificial intelligence.
As the popularity of AI tools continues to grow, concerns about AI-generated content and “deep fakes” continue. In response, new projects are exploring ways to leverage the accessibility, transparency, and immutability of decentralized public blockchains to counter AI abuses.
Leon cited the startup Attestiv as an example of this approach. Attestiv creates digital “fingerprints” for videos based on their metadata, such as when and where they were recorded, and stores them on a public blockchain. If a video is suspected to have been manipulated, platforms can cross-reference the stored fingerprint and alert viewers if the content has been doctored.
Leon also pointed out another potential use case for virtual assistants. He suggested that pairing AI assistants with smart contracts and digitally native currencies like Bitcoin or stablecoins could open up new ways to increase productivity. Designed to operate securely without the slow custody of centralized entities, these digital currencies could revolutionize the way we work and interact with technology.
*This is not investment advice.