“It’s my new catchphrase—everything is an NFT,” says Richard Boase, a serial blockchain entrepreneur. In an interview with CoinGeek Backstage, he discussed how artificial intelligence (AI) and blockchain intersect and why only a network that scales unbounded like BSV can support AI integration.
Boase was a guest speaker at AI Forge’s ‘Intro to AI & Blockchain Masterclass’ in London, where he discussed how the two foundational technologies merge.
In his presentation, Boase delved into the idea that anything can be a non-fungible token (NFT).
“The map is an NFT, the cars are NFTs, people are NFTs. More importantly, all your work products can potentially be NFTs; the output of AI can be an NFT. Everything that you produce can be tokenized, owned, transferred, and traded. The possibilities are endless,” he told CoinGeek Backstage reporter Becky Liggero.
Blockchain preserves privacy, and in today’s digital world, this is a privilege most platforms no longer offer, he went on.
Unlike most other digital payments, BSV payments exclude personally identifying information from the payment data.
“You can choose to give a merchant your data, but you’d do this privately. In the digital cash world, despite being on a public network, your blockchain transactions are more private.”
Boase added that this dismisses most of the privacy concerns critics of CBDCs have presented. In some countries like the U.S., CBDC opponents have dismissed it as a surveillance coin that the government will use to drive its agendas, but Boase says this wouldn’t be the case.
“If your identity is private, it gives an added degree of privacy as you interact with some products and services,” he said.
Blockchain also allows for distributed computation, cutting down the cost of operating the resource-intensive AI, Boase added.
“All that security architecture is by default if it’s passing over a Bitcoin-powered internet,” Boase remarked.
Boase revealed that he’s working on generative playing cards that AI produces so consumers can purchase and resell them.
In order for artificial intelligence (AI) to work right within the law and thrive in the face of growing challenges, it needs to integrate an enterprise blockchain system that ensures data input quality and ownership—allowing it to keep data safe while also guaranteeing the immutability of data. Check out CoinGeek’s coverage on this emerging tech to learn more why Enterprise blockchain will be the backbone of AI.
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