Ethereum Could Lead the Way in AI Decentralization, Former Dev Claims

Ethereum

Ethereum Could Lead the Way in AI Decentralization, Former Dev Claims

• Blockchain researchers also believe that Ethereum could play a pivotal role in the development of agentic AI.
• Analyst noted that Ethereums “biggest mainstream moment is waiting in the wings with AI”.

The Ethereum blockchain network has a huge scope in solving real-world problems by using its prowess of decentralization, while working along with artificial intelligence platforms, noted former Ethereum developer Eric Connor. In a post on the X platform on April 15, the analyst noted that Ethereums “biggest mainstream moment is waiting in the wings with AI”.

Introducing AI Developments on Ethereum

Connor added that AI developments are currently on fastrack to reshape almost every aspect of our lives, however, it is “plagued by black-box models, centralized data silos, and privacy pitfalls”. But Connor believes that such problems provide Ethereum an opportunity to shine.

The biggest advantage with Ethereum is that it offers transparency via verifiable smart contracts, via aligning incentives through token economies, decentralization against Big Tech monopolies, as well as built-in micropayments infrastructure.

Connor stated that the Ethereum smart contracts can address the “black box” problem by providing transparent records of an AI model just by training data sources and processes. However, leading AI companies might oppose open models due to their reliance on secrecy and control for profitability, he explained. As the demand for transparency, fairness, and security continues to rise, Ethereum, he noted, provides a compelling alternative. Connor added:

Ethereum already has the ethos with openness, collaboration and trust minimization, things that ethical and accountable AI needs.

Connor believes that Ethereum can offer AI developers compelling reasons to adopt decentralized solutions by actively developing tools, conducting research, and showcasing real-world applications. “This could drive mainstream adoption well beyond the realm of finance,” he concluded. For now, all eyes are on the Ethereum Pectra upgrade, scheduled to go live on May 7.

Getting AI Agents to the Blockchain

Blockchain researchers alsobelieve that Ethereum could play a pivotal role in the development of agentic AI, as per the recent blog post from EthereumFoundation. Agentic AI is an emerging technology that refers to autonomous software programs that utilize artificial intelligence to perform tasks, make decisions, learn from data, and adapt to changes. A large number of agentic AIs are increasingly leveraging the Ethereum blockchain ecosystem.

The Ethereum blockchain network has been providing significant advantages for AI agents, which includes access to real-time data, transparency, true digital asset ownership, as well as seamless interaction with smart contracts.

Highlighted projects include Luna, an autonomous virtual influencer managing its own on-chain wallet; AIXBT, an AI agent delivering crypto market insights; and Botto, a decentralized autonomous artist creating NFTs driven by community votes.

Additionally, initiatives like Bankr and HeyAnon are streamlining blockchain interactions with conversational interfaces, enabling users to manage wallets and conduct transactions through simple chat commands.