Korok Ray, a Bitcoin researcher and associate professor at Texas A&M University’s Mays School of Business, has announced plans to launch a Bitcoin Institute to advance academic research at the intersection of Bitcoin and artificial intelligence. .
in MicroStrategy World: Bitcoin for Enterprise 2024 At the event, Ray mentioned Bitcoin’s potential to enable secure multi-party computation (MPC) and gave the example of poker players agreeing on a particular game state as a basic form of computation.
He expanded this example to include deep neural networks and agent-based reinforcement learning, which allow artificial intelligence agents to collectively perform computations in the context of the Bitcoin blockchain. Ray’s vision has focused on new developments in his Bitcoin ecosystem, such as his BITVM, which allows off-chain Turing-complete computations to be verified on Bitcoin, as in the case of MPC. .
For more information about BitVM, see: “BitVM’s big deal: Arbitrary computations can be done on Bitcoin without forking” Written by Shinobi, Bitcoin Magazine Technical Editor
Ray further proposed his thesis, describing the combination of Bitcoin and AI as “undiscovered country.”
“The ultimate use case for Bitcoin in, say, 100, 200 or 500 years is going to be machines, not humans…We’re riding a huge wave of technological progress, so the biggest I believe there is an opportunity for the machine and the entire Bitcoin network to become tightly integrated at various levels. ”
“Bitcoin Institute is really about bringing these two research and development fields together and bringing together a lot of big advances in Bitcoin and AI,” Ray explained. “There is an army of researchers and teachers out there. We need to bring the best minds to Bitcoin to make this a reality.”
Ray’s other research interests include the potential emergence of Shomin Mint as a means to expand Bitcoin payments, and the potential for technological innovations that could lead to more efficient insurance and financial products. He pointed out the need for a secure prediction market enabled by coins.
Ray’s speech also recognized the legacy of academic achievements in computer science that led to the creation of both Bitcoin and artificial intelligence, with both companies building on this success in research to drive innovation across all sectors of the economy. It was suggested that
Watch Korok Ray’s speech on the MicroStrategy World: Bitcoin for Enterprise livestream hosted by Bitcoin Magazine. YouTube, twitter and linkedin.