Speaking at BlockShow Asia 2019, Todalarity CEO Toufi Saliba posed a hypothetical query to the viewers: “How many people would take a pill that made you smarter, knowing they can be controlled by a social entity?”
No one raised their hand, and he was unsurprised.
“That’s the response that I get, zero percent of you,” he continued. “Now imagine at the same time the pill has autonomous decentralized governance so that no one can control or repurpose that pill but the host – yourself.”
This time fingers had been raised in abundance. Decentralized governance represents a mandatory step for the tech group to construct up a belief in digital developments associated to securely managing large knowledge.
“Economics and ethics can go together thanks to decentralization,” commented SingularityNET CEO Ben Goertzel.
But does the decentralized governance signify a step ahead from centralization, or it’s simply an phantasm of evolution? Cole Sirucek, co-founder of DocDoc, shared his imaginative and prescient:
“It is when we are at a point of centralizing data that you can begin to think about decentralization. For example, electronic medical records: in five years the data will be centralized. After that, you can decentralize it.”
Goertzal didn’t absolutely agree: “I don’t think it is intrinsic. The reason centralized systems are simpler to come by is how institutions are built right now. There is nothing natural about centralization of data.” He elaborated on the mutual dependence of two vital applied sciences:
“Blockchain is not as complex as AI, but it is a necessary component of the future. Without BTC, you don’t have means of decentralized governance. AI enables the future, blockchain secures it.”