Chainbase COO Chris Feng Discusses the Synergy of Data, AI, and Blockchain on Cointelegraph Podcast
September 16, 2024 – In the latest episode of Cointelegraph’s “Hashing It Out” podcast, Chris Feng, co-founder and COO of Chainbase, joined host Elisha Owusu Akyaw to explore the transformative intersection of data, artificial intelligence (AI), and blockchain technology. The discussion highlighted how these elements are revolutionizing the Web3 landscape and the emerging role of onchain data as a pivotal asset class.
Onchain Data: A New Asset Class
Feng emphasized that onchain data is evolving beyond mere transaction records into a valuable asset class. As the Web3 ecosystem expands, this data is being harnessed for more than transaction verification; it now provides critical insights that drive technological innovation. Feng stressed the importance of robust data infrastructure to support these developments and outlined how Chainbase is building an ecosystem designed to offer developers access to high-quality data, thus enabling more precise and effective Web3 applications.
AI and Blockchain: A Powerful Combination
The podcast also delved into the intersection of AI and blockchain. Feng discussed how AI is reshaping business operations and how blockchain technology is essential for maintaining transparency and trust in data. Chainbase’s network plays a key role by converting raw blockchain data into actionable insights, facilitating AI models to better interpret and utilize blockchain information.
Feng predicted that the integration of AI with blockchain technologies will significantly influence the future of Web3 applications. This synergy is expected to create smarter, more efficient platforms and lower barriers for developers, setting the stage for substantial advancements in the Web3 space.
For an in-depth exploration of these topics, listen to the latest episode of “Hashing It Out” on Spotify, Apple Podcasts, or TuneIn. You can also access Cointelegraph’s full range of podcasts on the Cointelegraph Podcasts page.
