AI x Crypto: a sweet spot for our prosperous future
🔥 I'm deeply honored to be invited to a high-level roundtable discussion about digital assets, web3 and AI at the UK Parliament next week! Which is also a great warm-up of the World Economic Forum 2025 with its theme "collaboration for the intelligent age" this year!
I think AI x Crypto is the sweet spot for our prosperous future!
Why should we address AI x Crypto at the same time?
AI as a force of production
Artificial intelligence (AI) is transforming the productivity and GDP potential of the global economy. I'm thrilled and scared of the fast development of AI - a few people in the world opened the "Pandora's box". People may have different understanding of AI, though many people relate AI to a specific AI Application.
In Marxist theory, a force of production is the combination of tools, technology, and knowledge that enables the creation of wealth or value. AI fits into this category as it has the potential to revolutionize industry by automating tasks, enhancing efficiency, and enabling new forms of value creation.
From human intelligence to artificial intelligence, till the mixed intelligence
We enter into Intelligent Age!
Intelligence has been valued and monetized in human history, but in indirect ways: such as education and knowledge, intellectual capital, talent and creativity. The value of individual intelligence is hard to quantify.
With the advent of AI, intelligence is being redefined in a way that allows it to potentially function as a new type of asset class (yeah, AI as an asset class ;)). AI systems - whether in the form of machine learning models, autonomous agents, or AI-driven companies - are capable of processing vast amounts of information, learning from data, and performing tasks that were once the domain of human experts.
A mixed intelligence could emerge as a combination of human and AI capabilities, where humans and machines collaborate to achieve outcomes that neither could accomplish on their own. This creates a new economic value tied to the synergy of human and machine intelligence. The fusion of human and AI capabilities could lead to the rise of cognitive capital, where the collective intelligence of humans and machines becomes an economic asset.
Urgency to democratize AI
As AI becomes more integrated into human work, there could be significant inequality in access to education, training, and technology. Those who can afford to enhance their cognitive abilities with AI might thrive, while others who lack access could be left behind. This disparity could lead to further social and economic divides.
As we move into a future where human and artificial intelligences are intertwined, the key will be to ensure that these assets are harnessed in ways that benefit society as a whole - leading to both economic growth and human flourishing.
Crypto as a force of shaping the relations of production
Crypto and blockchain technologies are reshaping the relations of production - the way people, institutions, and organizations interact to produce goods and services - AKA "Collaboration". In traditional economies, relations of production are determined by who owns and controls the means of production (land, capital, labor, technology). Blockchain and crypto technologies shift these relations by decentralizing control, enabling direct peer-to-peer transactions, and reducing intermediaries. Blockchain is democratic by default though there is still an argument about what "decentralization" really means.
With blockchain we can decentralize power, validate truth (e.g. AI deepfake is a problem) , allow individuals to own and control their digital wealth, enable the tokenization of assets and allow transactions and agreements to be automatically (trustless) executed when predefined conditions are met. Further, crypto is potentially an effective and fair way to incentivize people to work together and maximize the collaboration.
The rising of Decentralized AI
Decentralized AI refers to the concept of distributing the development, deployment, and decision-making of artificial intelligence across multiple nodes, rather than relying on centralized entities. In a decentralized system, AI models, data, computing resources, and governance are spread out across many independent agents, networks, or organizations, rather than being controlled by a single centralized authority. Decentralized AI can help to democratize AI, In a decentralized AI ecosystem, anyone with internet access can potentially contribute to, use, or benefit from AI technology.
Decentralized AI encourages the sharing of open-source models, making it easier for small developers, startups, and researchers from around the world to work on AI projects without the restrictions of licensing fees or proprietary technology.
In traditional AI development, the datasets used to train AI models are often controlled by a few major companies. This leads to concerns about bias, as the data may reflect the perspectives and interests of the few entities controlling it. Decentralized AI can encourage the use of diverse, community-sourced datasets, reducing biases inherent in centralized datasets.
Decentralized AI can give individuals more control over their personal data, leading to a more fair data economy. Decentralized networks could enable crowdsourced AI development, AI can become cheaper to develop.
AI x Crypto
In short, AI needs Blockchain for transparency, trust and safety, Blockchain needs AI for Efficiency; AI can help blockchain to be more accessible, and blockchain can help AI to be more democratized and ethical.
By addressing AI x Crypto simultaneously, we have the opportunity to maximize their complementary strengths (to advance both production and the relations of production)and create more inclusive, equitable, and sustainable economies!
It's of course challenging on policy / regulation - I believe that at any stage we can find a "best practice" if we are open to learn and active to shape.
How do I see our future:
"Peer to Peer; Thing to Thing; Agent to Agent; Peer to Thing; Peer to Agent and Thing to Agent, 6 magnificent steps to profoundly reshape our future and we just started"
Enrich Club Davos Group
This year there will be again many events for AI and Crypto in Davos, such as
Global Blockchain Business Council Central Davos (secure hotel badge is needed)
Filecoin Davos (secure hotel badge is needed)
Feel free to invite your friends to subscribe Enrich (paid or free) if they are heading to Davos WEF 2025 or eager to learn from Davos 2025!
We have a Davos group accessible for paid Club members for real-time interaction and support to maximize your return of your Davos trip!!