The Blockchain Revolution is far Superior to Bitcoin (part 2)
continued from part 1
The commerce-chain that comes as a byproduct of the versatile Blockchain
Once the magic word of “reliability” is invoked, and in the case of software exchanges over the internet, this is where the main and expected protagonist enters the scene: Blockchain. As you can read in this article from Quartz, the innovative idea came from the company Hanson Robotic. This company is designing a humanoid robot, Sophia, which also turns out to be the first robot to be considered a “citizen”, since it has obtained the nationality of Saudi Arabia as you can read in this article by Fast Company.
Sophia is a robot that requires large doses of Artificial Intelligence in order to try to imitate human intelligence and capabilities: remember that the objective is to behave like a person in (almost) all aspects. This includes interpreting images, understanding language spoken naturally, building sentences and pronouncing them, complex thinking, abstraction, analysis and synthesis, and so on. The enormous natural complexity of our most complex organ, the brain, requires that this goal called Sophia be translated into thousands and thousands of lines of code, which carries exorbitant costs, making the project unfeasible, especially for a company with capacity limited as Hanson Robotic.
Robotics have launched an initiative parallel to the Sophia. The main objective of this initiative is to allow independent developers to be compensated for their long hours of work in front of a monitor. The objective is more ambitious, and even enters the most socioeconomic level of the collaborative economy.
The initiative is supported technologically in a platform called SingularityNET, and is literally a marketplace built on Blockchain to allow software barter. In addition, this obviously opens the door to commerce in general based on Blockchain. Just as Hanson Robotics will be able to exchange Artificial Intelligence software with independent developers, other developers will be able to exchange leading-edge code among themselves: in general, any commercial barter could end up being supported on the SingularityNET and Blockchain platform.
And the socioeconomic nuance of this breakthrough breakthrough is actually a potential socio-economic avalanche
Returning to the initial use conceived by Hanson Robotics for its robot Sophia, really, in socioeconomic terms, what is the point that the same code must be developed by each technology company that intends to use it? The issue is especially serious for startups and SMEs without resources to waste. And extreme gravity comes when there are also not enough qualified professionals for everyone.
In the area of the IT sector in general, another aspect of this micro-revolution of development is that, once again, a giant arising from technological disruption can be threatened by an important part of its business due to technological disruption. This technology barter attacks a good part of the base of the business of a giant like Amazon with its AWS (Amazon Web Services), which commercializes state-of-the-art software on a large scale.
Also keep in mind that software-based services in the cloud are cheap only in certain cases. A service that sees intensive use will come out many times cheaper to a company with technological muscle if it deploys it in its own server infrastructure. The barter exchange system, however, is beneficial, since obviously a company is not going to exchange their more strategic software that is core to their business. But it will happily exchange all the rest of the software that it has developed that is not strategic for its business, making it unnecessary in many cases to go to AWS.
And by the way, the applications of this new use of Blockchain go far beyond the mere trade of pieces of software of AI: it is simply one application that we coined “commerce-chain.” We move from the collaborative economy to the barter economy, undoubtedly an important step in the profound socio-economic transformation that technology is bringing us in a few years.
With blockchain, you can already market with the fruit of your work without the need for any fiat currency, although what is really disruptive is that you will not even need any crypto-currency like Bitcoin: a token can be enough.
In closing with the theme of Sophia and its synthetic intelligence, not only is Blockchain a “success story” for the Artificial Intelligence industry; it is much more than that: it is literally a “future case”. Without this new use of Blockchain to facilitate trade and barter, Artificial Intelligence would be truncated, at least for many companies that do not have the technological muscle of the giants of the tech industry. Once again, the most super-techie side of our society has come to the rescue of a technological future that could die of success, and a new technological advance can bring long-term socio-economic progress for the whole society.