4. März 2024

AI and Blockchain Unite: HIVE Digital CEO Sees a Brighter Future

•Hive Digital Technologies has removed “blockchain” from its name in an effort to reflect its expanding into AI.
•CEO Aydin Kilic states that blockchain and AI can work together in a symbiotic fashion for Web3 development.
•AI will be used to upgrade the user experience of Web3, allowing it to be more adaptive and intuitive.

Hive Digital Technologies Rebrands

Hive Blockchain recently changed their name to Hive Digital Technologies in order to reflect their transition into artificial intelligence (AI). This is part of a wider movement from crypto miners, such as Riot Platforms and Applied Digital, who are pivoting outside of digital currency mining due to depressed crypto prices.

Blockchain & AI Can Work Together

Despite the competition between the two sectors, Hive Digital Technologies CEO Aydin Kilic said that blockchain and AI can work to the benefit of each other. He suggests that AI will be used to upgrade the user experience of Web3 over time, making it more adaptive and intuitive. By using both technologies together, they will be able create a more secure and personalized web experience.

Web3 vs Web2

Kilic also pointed out the key differences between Web 2 and Web 3 when it comes to privacy and data harvesting by large Internet companies. With blockchain technology, users have more control over their data but without metadata there won’t be any personalized experiences on the web. This is where AI comes in – by using both technologies together they can create a secure environment with personalized experiences for users.

Metaverses & DAOs

Kilic believes that AI will play a role where Metaverses and Decentralized Autonomous Organizations (DAOs) are involved as well as all aspects of Web 3 which are still in their early stages. Ultimately, he sees these two sectors working together for the benefit of users by creating an adaptive web experience with privacy features intact.

Conclusion

Overall, Hive Blockchain has dropped “blockchain” from its name to reflect its expansion into artificial intelligence (AI). According to CEO Aydin Kilic, both blockchain and AI can work together in a symbiotic fashion for Web 3 development by providing an adaptive web experience with privacy features intact while upgrading user experiences at the same time.