SingularityNET may vastly improve cybersecurity methods that have a basis on the blockchain. The organization of coordinated responses may be useful for the increase in the variation and number of cyber attacks.
In the presentation at the World Economic Forum in Davos, there was an arms race for the cutting-edge AI tech. SingularityNET has a position at the center of this opportunity.
We now have active discussions with significant blockchain projects, governments, and major corporations. The team is currently working incessantly to meet the mounting demand for the network.
There are endless applications for SingularityNET. They were able to partner with Nexus for the acceleration of the creation of censorship-resistant blockchain infrastructure. Ocean Protocol will bridge the gap between curated data and AI and NR capital will develop AI-driven solutions for commodity trading.
We are now excited to announce the collaboration with Hacken for the exploration of integrating our networks so we can provide a global and scalable solution to issues in cyber-security.
Cyber Security is now a Massive Opportunity for AI
There is a higher need for more advanced and faster cyber-defense. As per Statista, the cyber security market’s global size may reach $150 billion in 2018. It may even surpass $200 billion in 2020.
The current size of the cyber security market worldwide is in billion U.S. dollars.
The Monopolization of Cyber Security technology
Even if there are a lot of notable companies that are investing heavily in cyber-security, it is likely that the dominant technologies are in the hands of only a few actors.
Recently, Google announced that there is a significant initiative in the cybersecurity space. The computing power, data, and AI chops are now at their disposal. I genuinely believe that they can do some quality work.
I worry about the prospect of the monopolization of advanced cybersecurity by large tech firms. Especially now, because these firms have a close connection to the government surveillance projects.
The development of decentralized security infrastructure may provide open and free solutions for the protection of property and personal identities. While the decentralized security solutions may democratize access, it may also hold a potential to outpace the centralized and private innovation.
A decentralized security solution may become a market leader.
Large incumbents such as IBM and Google are pouring billions into cybersecurity. Even if the existing market power grants them sizable research budgets, they should still be able to bend to the national governments.
Because of this, the results often lead to the breaching of the entire end-goal of cybersecurity and massive invasion of personal privacy. According to the latest reports, the US government requested access to personal customer data that large tech companies always complied.
However, decentralized security solutions have the potential to protect data in a way that no centralized operator can match.
According to the CEO of SingularityNET Ben Goertzel, he would much rather see the emergence of intelligent cybersecurity networks rise from the decentralized software ecosystem that they created through blockchain and other associated technologies. It may be a more democratic and robust approach.
AI may rapidly accelerate decentralized cybersecurity efforts.
The integration of decentralized cybersecurity infrastructure with the AI-to-AI network of SingularityNET may give dramatic synergies.
This partnership may identify opportunities more efficiently and uncover cyber-attacks, security loopholes and software bugs in real-time. It may lead to the launch of the exceptional cybersecurity service to customers in both the crypto and traditional economies.
If you want to be able to stay ahead of the world’s malicious hackers, the only reliable way to do this is by bringing together the best minds in AI and cybersecurity to create a decentralized digital thought that focuses on the problem. The partnership between SingularityNET and Hacken will allow this to happen, according to the CEO of Hacken, Dmytro Budorin.
The teams of Hacken and SingularityNET already identified the valuable integration opportunities. They will run lots of pilot programs to assess their overall potential.
In the following quarter, Hacken will conduct a bug bounty on SingularityNET’s alpha version in the marketplace. They will even perform the same tests on SingularityNET’s human spokesperson who is Sophia.
Hacken will run bug bounties for the improvement of Sophia’s security capabilities.
The near-term milestones may improve the overall security, look for and remove the existing bugs and improve every system’s functionality.
In the long term, we will explore the application of the AI techniques to cybersecurity so we can respond to the increase in variation and number of cyber attacks all over the world. The next-generation machine learning and general intelligence are needed to fight the growing frequency of cyber attacks.
Since there are advanced and new security threats that appear daily, the decentralized AI-powered cyber-security platform may provide resolution and next-gen detection capabilities that every global industry needs.