As the crypto space is developed, blockchain cases are expanded from simple digital currencies and invisible tokens (NFT) to more complex areas such as digital identity verification and telecommunication.
Leading the event of token2049 in Dubai, Cointelegraph spoke with spacecoin CEO Stuart Gardner, founder of Spacecoin Tae Oh, and founder of humanity protocol Terrence Kwok to explore how they use blockchain to improve some industries.
From addressing challenges such as verifying the artificial intelligence period to bringing Internet connection to developing countries, projects include blockchain to solve problems in different industries.
The verification of digital identity to combat the threat of AI
While developing artificial intelligence, technology has brought improvements that will benefit people. However technology was also adopted by malicious actors who used the tech to perform Ai-Assisted Hack Research and Deepfake Scam.
Kwok told Cointelegraph that proved that you were a man who looked like a “crazy” idea about two years ago. However, AI technology is now so easy to fake being a real person.
“As for content, you can’t tell if it’s formed or not. Video deepfakes, you can’t say, right? Even the documents. It’s very easy to use AI to create a fake proof of address, a fake proof of balance for your bank statement. I think in the future it will be worse,” he said.
The executive also said that in the future, AI can also exist in the physical world through humanoids that can imitate humans. In 2024 the Tesla’s Humanoid Robot project was Shown on social mediaHighlighting developments in humanoid robotics.
Kwok said the development of robots emphasized the need for validation of human identity. The executive said this is why they launched the Humanity Protocol, which uses blockchain tech for verifying digital identity.
“The Internet is filled with bots, you know, it was filled with AI agents. They are fine, but there is also a need to verify and check if something or someone is a person or not,” Kwok told cointelegraph.
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Decentralized satellite network to fight oligopoly connection
Apart from digital identity, blockchain technology is also used to create a decentralized satellite network.
Gardner told Cointelegraph that so far, the satellite connectivity landscape is an oligopoly, a market structure in which the industry is dominated by several large players.
The executive pointed out that Starlink and Amazon were leading the racing, while EU and China were getting. However, the big problem was that more than 150 countries were caught.
“They will rely on cooperation with one of these oligopolies for their connectivity. And it brings a big issue for these people,” Gardner added.
On November 1st, the spacecoin opened a plan To launch a decentralized physical infrastructure network (DEPIN) through an armade of nanosatellites in space.
OH Cointelegraph told the idea of spacecoin derived from observing that the space industry is getting heavy commoditized. However, the executive said it was possible for smaller companies or even individuals to launch their own satellites and start developing constellations for connectivity.
The founder of the Spacecoin added that because different people or creatures own each satellite, it is essentially a “decentralized network.”
The Executive said they incorporated the crypto into the project to have a “unbelievable method of payment and data exchange.” Oh said this is where the blockchain enters.
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