AI + Blockchain

Jerry Cuomo: I know there's skeptics that say both of the topics, AI and blockchain are both ultra hyped and putting them together creates like pixie dust. Almost like it's so hyped that it's like...

Jerry Cuomo: But I want to debunk that. I almost want to address it like, " You think this is ridiculous? Well, it's not."

Jerry Cuomo: So authentic data is what blockchain brings to AI, and great combination it is. With confidence, blockchain and AI really can augment my decision- making so I'm a superhuman worker. That's pretty cool. What happens if I can open up my automation to my supply chain, which is kind of more realistic. No company works in isolation. With blockchain and this notion of smart contracts, in fact, autonomously executing contracts, I can automate processes not just behind my four walls, but expand that to all of my business partners, and that's a big deal. Blockchain protects, AI gets better with more data. They both enforce each other.

Jerry Cuomo: Two industries that would immediately benefit from the combination of AI and blockchain are the healthcare industries as well as financial services. And when you think about it, both of these industries have data and identity at their core. In a pharmaceutical setting, I'm testing a new drug. So I have data coming on these drugs. I have people participating in trials. Financial services is quite similar. If I want to be able to provide better loans, better financial advice, data and identity at the core.

Jerry Cuomo: So folks usually ask me, " Where do you start?" I always like to say, " Dream big, have a moonshot, but have your incremental steps to get to the moon."

Jerry Cuomo: Here's a story how AI and blockchain could come together and really improve everyday life. You see, I have this new doctor. When I went in to ask for help for my painful knee, the intelligent agent recommended that it should switch my blood pressure medicine to this big pharma hypertension medicine. Well while I was thrilled, at that point I started to think, " In fact, why should I trust that AI system and who trained it? And where did the model come from?" Blockchain and AI have a symbiotic relationship.

Jerry Cuomo: The way I look at it is blockchain brings trust, trust to data. AI feeds on data. On the other hand, AI brings intelligence to data. Blockchain has ledgers that contain data. With trust and intelligence, you have confidence. With confidence, you gain adoption. The result, authenticity, augmentation, and automation.