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Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Artificial intelligence (AI) is rapidly advancing, yet its development and deployment are largely controlled by a few powerful entities. This concentration of power raises significant concerns about privacy, security, and fairness. As AI continues to transform industries and societies, it is crucial to explore solutions that can democratize its benefits and mitigate its risks. Blockchain technology offers a promising path forward by enabling decentralized, transparent, and secure AI systems. Large corporations with access to vast amounts of data and computational power dominate the current AI landscape. This centralization presents several problems. Privacy concerns arise as users’ personal data is often collected and used without explicit consent, leading to potential misuse and breaches. Monopolization of power by a few entities stifles innovation and limits diverse contributions. Additionally, centralized AI systems are vulnerable to being manipulated for harmful purposes, such as spreading misinformation or conducting surveillance. The reality of AI development today is that it is not solely the result of autonomous machine learning but rather a blend of reinforcement learning and human intelligence. A striking example of this was when details of Amazon’s “Just Walk Out” technology came to light. Instead of technology alone tallying customers’ purchases, about 1,000 real people manually checked the sales. This collaboration between human intelligence and AI systems is often overlooked, but it underscores the significant human element in AI processes. Blockchain technology, with its decentralized and transparent nature, can address these challenges effectively. It enhances security and privacy by enabling secure data sharing and storage through cryptographic techniques, ensuring that users maintain control over their information. By distributing power across a network, blockchain reduces the risk of monopolization and fosters a more…

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Filed under: News - @ June 16, 2024 9:22 am