CogX: A Token Powered Disruption

By Khushboo Chadda

CogX ‘18:  Talking about what the AI industry could do with IoT and autonomous machines. On the base level, we have machine-to-machine interaction, but we apply the AI on top of it, that’s when things get very exciting.

Starting with some numbers, our new internet protocol, IPv6, has about 30×1036 addresses operating on it, and the measurement number we have is a yottabyte, which is 1024. We call it the Internet of Things because we expect all these devices to be connected to each other and generate some data. “By 2025 we expect 160 zettabytes of data will be generated per year, and this apparently requires 12 trillion Samsung S9 phones to store,” said Ekaterina Almasque, Managing Director, Samsung Catalyst Fund.

“It’s interesting to think what happens when machines can own resources and decide what to do with them?” – Dimitri De Jonghe

Ekaterina seconded Carl Rodrigues on the idea of development that would ease acquiring data. The internet marketplace isn’t only for individuals but for companies as well and so we need to look for a hybrid solution instead of full decentralisation. “Today, acquiring data is a super expensive process, and we know this from the automotive industry. Creating maps is a very expensive and lengthy process and that’s why data is required. There are so many cars driving around and they could actually capture this data and sell it,” said Almasque.

Belgian startup Sentiance captures analytics on phones and do profiling of people, that people today exchange for services. This data is very valuable for municipalities to understand traffic of users and mobility patterns in a city. This data cannot be accessed today because there is no meaningful platform for the job.

Security in the Internet of Things is paramount since we are absolutely surrounded by hardware. There is hardware inside our bodies and on our bodies and our bodies are often inside hardware as well, which can be easily hacked, as of now. We need to rethink how we build our systems from the bottom up. The AI community believes that this development is in the process now.

We need to put in security measures that we can trust, which is a very intensive process. We need to be sure that the security keys are safe, and if they’re hacked for some reason and the devices inside our bodies are compromised, we need to be able to exchange those keys on-the-fly. What is needed is a close operation between the partners to ensure that the stack which is built is extremely secure, even if it is open.

“I don’t want to scare anyone but we’re basically building a blockchain application that cannot be stopped and an AI agent system we don’t really understand how it works inside, but it does the job,” said Julien Bouteloup of FlyingCarpet.

Khushboo Chadda

Khushboo Chadha is a passionate blockchain enthusiast who firmly believes in the extraordinary potential of the technology.

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