The role of blockchain in neurointerface design
Blockchain is everywhere. Recently an iced tea company rebranded itself as “Long Blockchain” and its stock price tripled overnight. Right now, for good or ill, Blockchain is one of those trending, buzz words which attracts investment and excitement.
All that being said, when it comes to innovation in neurotechnology, blockchain technology isn’t just an optional gimmick. It’s a vital piece in a puzzle and a crucial, enabling foundation for safe neurocontrolled devices and an economically viable neurotechnology industry.
Here’s why investors should care.
What is at stake?
We’re all familiar with the scary disruptive potential of hacking. Identities can be stolen, the course of elections can be swayed and lives can be turned upside down by someone with malicious intent and the technological savvy to hack into a computer system.
Neurotechnology is a means by which the human brain can be inextricably intertwined with these same systems. While there’s dazzling potential associated with this reality, there are obvious, high stake risks. There’s already a burgeoning field of academic inquiry known as ‘neurorights’, in which technologists and philosophers are considering the implications of a world where our very thought processes may be data to be downloaded and exploited.
This is the single most important reason why blockchain technology isn’t just a gimmicky catchword to tack onto neurotechnology but rather is right at the heart of efforts to ensure the technology isn’t horribly misused.
Blockchain makes neurotechnology safe
Don and Alex Tapscott, authors of ‘Blockchain Revolution’ sum it up well: “The blockchain is an incorruptible digital ledger of economic transactions that can be programmed to record not just financial transactions but virtually everything of value.” The decentralized architecture of blockchain is the perfect way to store data on how each individual’s brain communicates with technology.
By allowing digital information to be distributed but not copied, blockchain creates a new backbone for storing data. This was what gave rise to digital currencies becoming a viable possibility but it also has utility for something that was never intended: making our thoughts sacrosanct.
This is why neurotechnological innovator Neurogress is committed to building blockchain into its software at the ground floor. It’s the best way to make the technology safe.
Blockchain also makes neurotechnological business models viable
The other issue to consider is financial viability. As oddly abstract as it might first seem, in the near future we will see a rapidly emerging market for artificial intelligence and machine learning algorithms. SingularityNET is the prime example. Its objective is to create a marketplace in which “anyone can add an AI/machine learning service … for use by the network, and receive network payment tokens in exchange.” It’s a novel concept and product – and one which will require novel payment solutions.
Blockchain makes sense as a payment protocol for buying and selling AI-based neurotechnology because it provides a stable payment and subscription system that can guarantee full user compliance with end-user agreements, a vital consideration when you are selling not a product but access to a nuanced and constantly updating algorithm.
Neurogress is building its software based on blockchain technology to ensure that consumers have easy ways to pay for access to their software. This also protects and incentivizes developers, who know they will be appropriately paid for their work.
Neurotechnology and blockchain are technologies that will be mutually enhancing. Combined they offer the potential to introduce a burgeoning neurotechnology industry. Invest in the interactive mind-controlled devices of the future by buying tokens in our Pre-TGE sale starting 10th Feb 2018 and help to promote innovation.