What Is Proof of Intelligence?
The promise of blockchain and Web3 lies in its 'trustless' nature, where on-chain data is verified without reliance on an intermediary.
Trustlessness is driven by consensus mechanisms, which are sets of rules that allow blockchain nodes to reach an agreement on the validity of transactions and the status of the ledger. Without consensus mechanisms, a blockchain cannot remedy the issues of double-spending and fraud that older, trust-based systems are vulnerable to.
Consensus mechanisms were introduced with Bitcoin, which employed Proof of Work (PoW). The high energy consumption of PoW caused Ethereum to switch to Proof-of-Stake (PoS), where the right to validate transactions is granted based on the amount of ETH tokens owned.
Since PoW and PoS, many new consensus mechanisms have been introduced. One such consensus mechanism is Proof of Intelligence, designed to combine both blockchain and AI development.
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Wondering what’s the consensus mechanism behind aelf?
To fulfill its promise as a high-performance, customisable AI layer 1 blockchain, aelf utilises Delegated Proof of Stake (DPoS), a variant of PoS that offers greater speed and energy efficiency.
In DPoS, token holders are allowed to vote for delegates to validate transactions and maintain the integrity of the network. This ensures a high level of security and decentralisation while allowing all token holders (and not just whales) to have a say in how the network is run.
aelf's Web3 AI development is fronted by its recent unveiling of aevatar.ai, an AI agent-as-a-service platform that democratises AI agent building for the everyday user, through Web3 AI integrations. It does so through a no-code framework, and unlocks agent-to-agent communications with a multi-agent, multi-LLM framework.
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Proof of Intelligence: The 'How' and the 'Why'
Proof of Intelligence (PoI) is a blockchain consensus mechanism that leverages the capabilities of Artificial Intelligence (AI) to benefit the broader blockchain ecosystem.
Rather than simply verifying transactions, PoI rewards nodes for performing significant AI computations, including contributions to computational intelligence such as AI model training, inference, and optimisation. These outputs can be further used in ongoing Web3 AI development.
PoI holds the potential for a new era of decentralised AI development using blockchain to support and enhance AI innovation in Web3. Because AI learning decisions are stored on the blockchain, human experts can more easily verify and audit AI output. Furthermore, the transparency of the blockchain can lead to more trust in AI decision-making among stakeholders.
There are myriad potential real-world applications of PoI, ranging from CAPTCHAs to fraud detection, IP protection, and online voting. By fostering Web3 AI capabilities, PoI can pave the way to more powerful decentralised platforms.
Advantages and Potential Pitfalls of PoI
PoI is uniquely suited to address key concerns in AI development, especially with regards to centralisation and censorship by a monolithic entity.
The decentralised and open-source nature of blockchains utilising PoI fosters greater transparency and encourages community-driven development. This ensures that future AI models do not come under central control, and instead can be developed and shared freely by network participants.
Furthermore, PoI enhances scalability for AI development. As network participants increase, so does computing power and resources – this allows faster and more accurate AI learning in Web3.
However, PoI also has some potential pitfalls. An obvious one is the low number of real-world applications actively utilising PoI. The lack of detailed technical information in literature also presents a risk, as there is little visibility on the limitations or challenges of PoI as a relatively untested system.
Further adding to the uncertainty is the unpredictability of Web3 AI development. The popularity of AI is driven by high amounts of hype. Developers may struggle to deliver AI capable of matching overblown expectations, leading to reduced demand and interest.
Prominent Blockchains Pioneering PoI
Despite its challenges, PoI holds tremendous potential for ushering in some exciting new frontiers. Here are some pioneering blockchains leading the PoI wave.
Lightchain AI
Lightchain AI is a fork of Ethereum, but replaces PoS with PoI as a consensus mechanism instead. It aims to foster blockchain and AI development by leveraging each other's capabilities. The goal is to fuel a new era of decentralised AI by rewarding contributions to computational intelligence, such as AI model training, inference, and optimisation.
AIWORK
(AI)ming to decentralise the online video space, AIWORK uses PoI to leverage its network of human experts to verify and validate AI-generated video metadata. The feedback generated helps AI algorithms improve identifying and organising video metadata.
TAO Bittsensor
TAO Bittsensor is a decentralised platform for building and deploying machine learning models on the blockchain. Nodes are incentivised to produce valuable machine-learning models for the network. Output with higher accuracy and value increases the chance of receiving rewards.
In Closing
Blockchain and AI development share similarities, so it makes sense to pair them up. PoI can not only help power AI innovation, but in the process further cement the utility of blockchain technology.
With the AI market expected to reach USD 2 trillion by 2030, PoI may prove to be more than just a new project. Web3 AI technology could provide a front-row seat to the next evolutionary leap in blockchain technology and crypto.
*Disclaimer: The information provided on this blog does not constitute investment advice, financial advice, trading advice, or any other form of professional advice. aelf makes no guarantees or warranties about the accuracy, completeness, or timeliness of the information on this blog. You should not make any investment decisions based solely on the information provided on this blog. You should always consult with a qualified financial or legal advisor before making any investment decisions.
About aelf
aelf, an AI-enhanced Layer 1 blockchain network, leverages the robust C# programming language for efficiency and scalability across its sophisticated multi-layered architecture. Founded in 2017 with its global hub in Singapore, aelf is a pioneer in the industry, leading Asia in evolving blockchain with state-of-the-art AI integration to ensure an efficient, low-cost, and highly secure platform that is both developer and end-user friendly. Aligned with its progressive vision, aelf is committed to fostering innovation within its ecosystem and advancing Web3 and AI technology adoption.
For more information about aelf, please refer to our Whitepaper V2.0.
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