While the crypto room developed, blockchain applications of straightforward digital currencies and non-fought tokens (NFTS) expanded to more complex areas reminiscent of digital identity testing and telecommunications.
Before the token2049 event in Dubai, CoinTelegraph spoke to the CEO of SpaceCoin Stuart Gardner, the founding father of SpaceCoin, Tae Oh, and the founding father of Humanity Protocol, Terrence Kwok, to look at find out how to use blockchain to enhance certain industries.
From coping with challenges reminiscent of checking within the era of artificial intelligence to the introduction of web connectivity into developing countries, projects integrate blockchain to unravel problems in various industries.
Digital identity check to combat the AI ​​threat
While artificial intelligence developed, the technology brought improvements that folks may gain advantage from. However, the technology was also adopted by malicious actors who used the technology to perform AI-supported hack research and deepfake fraud.
KWOK told CoinTelegraph that the concept they’re an individual was “crazy” two years ago. With today's progress within the AI, nonetheless, it has turn into remarkably easy to fake an actual person.
“As far because the content is worried, you can not recognize whether it’s generated with AI or not. Video Deepfakes, you can not say it, and even documents. It is now super easy to make use of AI to create a fake address, a fake compensation in your bank statement. I believe in the longer term it would only worsen,” he said.
The executive also said that in the longer term AI could also exist within the physical world through humanoids that might imitate people. In 2024, Tesla's humanoid robot project was presented on social media, which emphasized the developments in humanoid robotics.
KWOK said that the event of robots underlines the necessity for a human identity examination much more. The executive said that you just began the Humanity Protocol because of this that the blockchain tech used to examine digital identity.
“The web is filled with bots, that it is filled with AI agents. They are great, but there’s also a necessity to examine and check whether something or someone is an individual or not,” Kwok told CoinTelegraph.
Terrence KWOK (left) and cointelegraphs Ezra Reguerra within the Dubai Polo and Equestrian Club. Source: cointelegraph
Decentralized satellite network to combat connectivity oligopoles
In addition to digital identity, blockchain technology can be used to create a decentralized satellite network.
Gardner said CoinTelegraph that the satellite coativity landscape is currently an oligopoly, a market structure through which the industry is simply dominated by just a few major players.
The manager identified that Starlink and Amazon lead the race while the EU and China catch up. The big problem, nonetheless, is that over 150 countries remain.
“You will likely be depending on working with considered one of these oligopolises in your connectivity. And that may be a big problem for these people,” added Gardner.
On November 1, Spacecoin presented a plan to begin a decentralized physical infrastructure network (depin) through a fleet of nanosatellites in space.
Oh said CoinTelegraph that the thought of ​​spacecraft got here from the statement that the space industry was strongly marketed. However, the manager said that smaller corporations and even individuals were possible to begin their very own satellites and to construct constellations for connectivity.
The founding father of Spacecoin added that it is actually a “decentralized network” because different people or corporations have every satellite.
The executive said that you have got integrated crypto into the project to be able to have an “trust and data exchange”. Oh said that the blockchain comes into play here.
