Executives seem to be universally optimistic that Artificial Intelligence (AI) will drive innovation for their businesses, but unlocking that potential while also navigating AI’s equally significant risks is now the pressing concern for business leaders.
This was one of the key findings from a recent report published by KPMG, which captures feedback from 300 executives across a wide range of industries.
By harnessing blockchain’s immutable and transparent nature, companies can seamlessly integrate valuable IP guardrails into generative AI chatbot training, not only shielding it from misuse but also opening new revenue channels, the group said.
The group identified five key benefits of leveraging blockchain to protect against AI misuse:
- Accurate identity and verification: Blockchain’s ability to secure identity and verification could ensure the authenticity and ownership of IP used to train AI chatbots. Blockchain enables the creation of an immutable record of transactions, attributing the IP to its rightful owner and preventing unauthorised use.
- Proper attribution and royalties: By transforming the pieces of IP into NFTs with embedded smart contracts stored on a blockchain, companies can specify which parts of their IP can be used freely, which require attribution, and which require payment of royalties or compensation.
- Protection against infringement: Storing and tagging IP on a blockchain before making it available to generative AI chatbots can significantly reduce the risk of infringing on someone else’s intellectual property. Companies can compare their content with existing blockchain records to identify potential overlaps and avoid lawsuits or copyright violations.
- Legal certainty: AI is still the Wild West, legally speaking. Legal frameworks around copyright protection, ownership, and liability are just starting to take shape. By adopting blockchain technology for IP protection, companies can proactively address these uncertainties and establish transparent and traceable records of their content.
- Data privacy and compliance: Generative AI raises concerns about data privacy, particularly when AI models are trained on publicly available data. By incorporating blockchain into the process, companies can ensure compliance with data protection regulations and demonstrate responsible use of AI technologies.
BSV blockchain is the perfect fit
The BSV blockchain stands as an ideal match for AI integration, primarily owing to its unparalleled scalability. AI operations frequently necessitate substantial computational power and produce extensive data streams during both training and inference phases.
With its expansive block size and impressive transaction throughput, the BSV blockchain adeptly manages the sheer volume of data exchanges requisite for AI systems, guaranteeing seamless functionality even amidst intensive workloads.
Furthermore, the BSV blockchain’s steadfast stability and immutability position it as the optimal foundation for safeguarding the integrity and security of AI-centric data and transactions.
