Former Binance CEO Changpeng Zhao (CZ) has advocated for developing products that merge artificial intelligence (AI) and blockchain technology, emphasizing how well these fields complement each other.
AI tagging (or AI data in general) is well fitted to be done on-chain. Harness low cost labor globally without geographic bias, (micro) pay them in crypto instantly. @BNBCHAIN Greenfield provides the storage capacity. More tooling still needs to be built. Let's build them.
— CZ 🔶 BNB (@cz_binance) November 27, 2024
“AI labels (or AI data in general) work very well on-chain. Leverage affordable global labor without geographic restrictions and pay them instantly in cryptocurrency. Greenfield on BNB Chain provides data storage. We need to build more tools. Let’s build,” CZ tweeted.
Abdul Rafay Gadit, co-founder and CFO of Zignaly, a trading firm specializing in AI, noted growing interest among AI professionals in blockchain applications. He sought CZ’s advice on available literature regarding the subject.
“This area is so new that there’s limited literature available. I’m learning by talking with developers and founders in the space,” CZ responded.
Gadit suggested that AI could retrieve on-chain data from blockchains and store it there, but implementing this concept would require a “bright team” from the Web3 sector.
As for literature, CZ recommended the Binance Research report on AI agents as a good starting point.
In November, Binance announced plans to integrate generative AI tools from Amazon Web Services into its ecosystem. Earlier, Binance Labs elaborated on the benefits of combining AI and blockchain technologies.
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