The Secret Sauce: Why AI Needs Blockchain to Work Right

Proper utilization of future technology to solve real-world problems will separate the whales from the minnows in the startup world.

VCs are turning to Block Dojo startups for a secret sauce that combines AI and blockchain

CoinGeek

CoinDesk covered the Block Dojo Cohort 8 Showcase on July 25 in London, highlighting the synergy between AI and blockchain in captivating investors' attention.

“Investors are loving AI right now, but it's a black box. What's going on? It's opaque. You don't understand what's happening to your data,” said Alex Ball, Block Dojo’s Global Program Director.

“Investors need to be looking for companies that are also leveraging blockchain as well,” he said.

While AI has overtaken blockchain as one of the world's most popular buzzwords, for AI to work properly, it must integrate with an enterprise blockchain system such as BSV blockchain to ensure the quality of data input into AI algorithms.

Here's a deeper look at how seven Block Dojo startups are using AI and blockchain to solve real-world problems.

Unikorrn: An AI powered risk-mitigating meeting management platform

Unikorrn is an AI powered meeting management platform that helps businesses to run more productive and engaging meetings. The platform uses AI to create agendas based on your meeting type, generate meeting summaries, and assess the productivity of your meetings.

“We use AI to create agendas based on your meeting type to help with best practice, as well as prompts that help to assess the productivity and how well your meetings are going, helps the businesses to suggest what they should be talking about, what they can improve on,” Unikorrn CEO Ony Nweze told CoinGeek.

“And then the most important aspect is we use blockchain to help increase that level of security and data protection, which is our star and something none of our competitors are doing right now.”

SeeSaw: A platform that swaps obstructive paywalls for engaging games

SeeSaw is a platform that swaps obstructive paywalls for engaging games, driving traffic, and ad revenues for content publishers.

“We're helping media to get over this paywall cannibalization of their own industry, and we saw a chance to get the data we need to train our AI algorithm, which we basically want to change the future of digital advertising,” said Danny Black, co-founder of SeeSaw.

“The way we decided we could get there is to utilize some of the blockchain technology that's at our fingertips to safely store this data.”

Debbie.io: An AI powered tool for diversity, equity and inclusion metrics

Debbie.io is an AI powered tool that allows for near real time data analysis for diversity, equity and inclusion metrics.

“We use the AI in order to analyze vast amounts of data in real time. So just as you can go on ChatGPT, ask it a question and it will reply within seconds, you would be able to upload your data and within seconds see the results of it,” said Karolina Janika, CEO of Debbie.io.

“We're not quite using blockchain yet, but we are exploring the opportunity to use it for encrypted data and ensuring that all that sensitive information that we're gathering is really protected and well served so that businesses feel secure and their employees feel secure as well.”

Four more startups pitched their projects at the Block Dojo Showcase, out of which five highlighted the AI element in their projects. This signals that AI is capturing investors' attention, but it also needs blockchain.

“Investors are loving AI right now, but it's a black box. What's going on? It's opaque. You don't understand what's happening to your data,” said Ball.

“So the purpose of then marrying that up with blockchain is that now all of a sudden that data is open, it's transparent, it can be interrogated.”

This signals the importance for investors to pay attention to startups that integrate AI with blockchain because they are one giant leap ahead of the others.