{"id":51536,"date":"2024-08-29T01:56:00","date_gmt":"2024-08-29T01:56:00","guid":{"rendered":"https:\/\/cointelegraph.com\/news\/bitcoin-role-ai-data-provenance"},"modified":"2024-08-29T05:19:44","modified_gmt":"2024-08-29T05:19:44","slug":"web3-ceo-outlines-bitcoins-role-in-ai-data-provenance","status":"publish","type":"post","link":"https:\/\/emilynews.com\/blog\/?p=51536","title":{"rendered":"Web3 CEO outlines Bitcoin\u2019s role in AI data provenance"},"content":{"rendered":"<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjQtMDgvMDE5MTk5YjktZDVlYy03YTk2LWJmOGItODBkNjI1ZTNlODYx.jpg\" \/><\/p>\n<p>In a world where artificial intelligence is quickly creating a situation where the average user can no longer trust the authenticity of the images, files, programs, and content they see online, the Bitcoin network may hold the key to providing a data provenance layer for the 21st Century. Jeff Garzik, co-founder and CEO of Bloq, recently sat down with Cointelegraph to discuss how Bitcoin can solve the problem.<\/p>\n<p>The CEO began the conversation by explaining that there is currently a lot of AI \u201cnoise\u201d relevant to signal\u2014meaning that there is a lot of AI-driven data and AI-generated content on the internet that tends to crowd out trusted, authentic sources of information. This problem of knowing whether or not a piece of data is authentic or comes from a trusted source will only accelerate with time.<\/p>\n<p>According to Garzik, data provenance will play an even bigger role in a future where AI agents are widespread. The Bloq co-founder gave one example of an AI agent that would autonomously manage and trade crypto assets on behalf of a human investor, requiring only minimal input from the human user for confirmation.<\/p>\n<p><em><strong>Related:<\/strong><\/em><em><strong> AI vs. human leadership: Debate over plan to govern Cheyenne with AI<\/strong><\/em><\/p>\n<h2>The Bitcoin network as a data anchoring layer<\/h2>\n<p>The Bloq co-founder proposed \u201canchoring\u201d data\u2014a process of using a blockchain network to authenticate the origin of data by recording it onchain\u2014to the Bitcoin network as a remedy to this growing problem. Garzik explained why Bitcoin has an advantage over other networks in this regard:<\/p>\n<blockquote><p>&#8220;The Bitcoin blockchain is most likely to be there in the next ten years\u2014the most secure blockchain on the planet, bar none. That&#8217;s where you want to be anchoring your data.&#8221;<\/p><\/blockquote>\n<p>Garzik argued that many blockchain networks with high transactions per second \u201cprune\u201d the ledger data after some time\u2014making them poor solutions for data provenance, which requires that anchored data remain permanent.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2024-08\/01919a2d-313c-7ce8-aafc-7f987227fe63\" alt=\"\" \/><figcaption><em>Research from MIT, Harvard, and Media Lab highlights the need for data provenance in the AI age. Source: <\/em><em>Marketchpost<\/em><\/p>\n<\/figcaption><\/figure>\n<h3>Avoiding network congestion by using a layer-2 solution<\/h3>\n<p>Anchoring data directly to the Bitcoin base layer might cause Bitcoin transaction fees to skyrocket due to network congestion. The mania surrounding Bitcoin Runes and Ordinals mints earlier this year has driven calls for layer-2 solutions to alleviate network congestion.<\/p>\n<p>Hemi\u2014a Bitcoin layer-2 network spearheaded by Garzik and Bloq\u2019s team\u2014mitigates the problem of network bloat because Hemi is handling the vast majority of the network traffic while leveraging the Bitcoin base layer\u2019s security and decentralization to achieve final settlement. The CEO provided a clever analogy for why layer-2 solutions are crucial:<\/p>\n<blockquote><p>&#8220;The analogy I have is the champagne waterfall that you see at hotels, the champagne waterfall that you see at wedding receptions. The L1 is that champagne glass at the very top, and you start pouring champagne and eventually, it will spill over.&#8221;<\/p><\/blockquote>\n<p>Garzik concluded by stating that this interaction between Bitcoin L2s and the Bitcoin base layer would benefit Bitcoiners by reducing transaction fees while preserving the base layer&#8217;s high-security features.<\/p>\n<p><em><strong>Magazine:<\/strong><\/em><em><strong> $1M bet ChatGPT won\u2019t lead to AGI, Apple\u2019s intelligent AI use, AI millionaires surge: AI Eye<\/strong><\/em><\/p>\n<p>Check <span style=\"background: #FDFBAC; padding: 1px 4px;\">other news for today<\/span> and Please stand by..<\/p>\n<p>*********************************<\/p>\n<p>If one of the paying programs on our Monitor appeals to you, please support <em>EmilyNews<\/em> by registering for it on our website. Thanks very very much!<\/p>\n<p>EN web <strong>Support Chat<\/strong> | Hyips and Crypto questions \u2013 <strong><a style=\"color: #c03939; text-decoration: underline;\" href=\"http:\/\/emilynews.com\/chat\/hyips\/\">HyipChatEN<\/a><\/strong><\/p>\n<p>Telegram Chat for Crypto and Hyip reports: <strong><a href=\"https:\/\/telegram.me\/HyipChatEN\" target=\"_blank\" rel=\"noopener noreferrer\">@HyipChatEN<\/a><\/strong><\/p>\n<p>*********************************<\/p>\n<p>Be the first to get most important HYIP news everyday!<br \/>\nSimply Follow <a href=\"https:\/\/www.facebook.com\/EmilyNewsOnline\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong style=\"text-decoration: underline;\">EN Facebook<\/strong><\/a>, <a href=\"https:\/\/telegram.me\/CryptoHyipsEN\" target=\"_blank\" rel=\"noopener noreferrer\"><strong style=\"color: #c03939; text-decoration: underline;\">EN Telegram<\/strong><\/a>, <a href=\"https:\/\/twitter.com\/EmilyHyipNews\" target=\"_blank\" rel=\"noopener noreferrer\"><strong style=\"text-decoration: underline; font-size: 1.3em;\">EN Twitter<\/strong><\/a><br \/>\nor Subscribe to <strong><a style=\"color: #c03939; text-decoration: underline;\" href=\"https:\/\/feedburner.google.com\/fb\/a\/mailverify?uri=Emilynews\" target=\"_blank\" rel=\"noopener noreferrer\">EN Feedburner<\/a><\/strong> and submit your email address!<\/p>\n<p>If you like this article and want to support EN \u2013 please share it by using at least few of social media buttons below. Thanks and See you tomorrow!<\/p>\n<p><a href=\"https:\/\/emilynews.com\/blog\/wp-content\/uploads\/2020\/11\/Reminder2-1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-13137\" src=\"https:\/\/emilynews.com\/blog\/wp-content\/uploads\/2020\/11\/Reminder2-1.jpg\" alt=\"\" width=\"544\" height=\"600\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In a world where artificial intelligence is quickly creating a situation where the average user can no longer trust the authenticity of the images, files, programs, and content they see online, the Bitcoin network may &hellip; <a title=\"Web3 CEO outlines Bitcoin\u2019s role in AI data provenance\" class=\"exalt-read-more\" href=\"https:\/\/emilynews.com\/blog\/?p=51536\"><span class=\"screen-reader-text\">Web3 CEO outlines Bitcoin\u2019s role in AI data provenance<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":51537,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5651],"tags":[139,3544,3812,5652,10,159,97],"class_list":["post-51536","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptonews","tag-bitcoin","tag-bitcoin-news","tag-cryptonews","tag-emilynews","tag-hyip","tag-hyipnews","tag-hyips","exalt-entry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Web3 CEO outlines Bitcoin\u2019s role in AI data provenance - EmilyNews<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/emilynews.com\/blog\/?p=51536\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Web3 CEO outlines Bitcoin\u2019s role in AI data provenance - EmilyNews\" \/>\n<meta property=\"og:description\" content=\"In a world where artificial intelligence is quickly creating a situation where the average user can no longer trust the authenticity of the images, files, programs, and content they see online, the Bitcoin network may &hellip; 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