Artificial Intelligence (AI) mania has swept through not just chatbots or virtual assistants but a wide range of industries. While ChatGPT ignited this spark, AI applications have expanded beyond that now. The most notable impact can be seen in the blockchain space, thanks to AI’s ability to enhance trust and security.
—
AI is already powering crypto trading bots, identifying suspicious activities, preventing fraudulent transactions, forecasting cryptocurrency prices, gauging market sentiments, managing portfolios, providing customer support, and making informed trading decisions.
However, the powerful AI + blockchain integration has yet to be fully utilized. AI-powered permissionless DAO launchpad DeXe aims to change that by bringing AI’s core advantages to the world of decentralized autonomous organizations (DAOs) to make them more efficient and rewarding.
Unleashing AI in Crypto to Transform DAOs
DeXe is leveraging AI technology to make decentralized governance more effective by removing inherent human biases, emotional influences, and the limitations of individual knowledge scopes.
Currently, like traditional organizations, even DAOs require significant resources to function. Moreover, the involvement of humans makes them prone to subjective biases. After all, humans have limited information processing capabilities and are affected by emotional states. And with the current world becoming too complex, digital, and data-driven, AI offers the perfect solution to navigate it seamlessly.
Unlike humans, AI can process and analyze massive datasets quickly. Based on that, it can identify patterns and generate accurate predictions, offering valuable insights to make more informed and data-driven decisions quickly. This technology’s ability to process information in real-time cuts down the time required for decision-making while making it more enhanced and smart. After all, AI operates without emotional influence and maintains a rational approach.
Other variabilities introduced by human factors that AI eliminates include subjective tunnel vision of individuals, distraction, miscommunication, consistency, and human error. Moreover, the round-the-clock availability of AI further allows for the automation of repetitive tasks with speed, precision, and high accuracy.
By reducing the time and resources required to complete tasks, AI can further help boost productivity and reduce operational costs while maintaining higher output quality.
It even eliminates bottlenecks by analyzing data and suggesting improvements as that allows businesses to streamline operations.
All these benefits will be brought by DeXe to a DAO by utilizing AI experts. Each of these AI experts will be structured as sub-DAOs, specialized in distinct fields such as economics, finance, marketing, and technology.
Within each of these sub-DAOs, AI models will analyze vast amounts of data, covering historical documents, financial reports, market trends, and previous voting outcomes, and then provide a comprehensive analysis to improve the fairness of decisions.
As sub-DAOs, AI experts will further allow the DeXe protocol to better build liquid meritocracy for others by allowing users to delegate their voting power to these AI experts in addition to competent human delegates, ensuring that decisions are made by the most knowledgeable and competent entities.
This approach not only enables users with limited expertise to participate effectively but also democratizes access to decision-making processes and rewards individuals and entities based on their actual contributions and expertise.
These sub-DAOs will also operate as autonomous units that first reach consensus within their domains before being allowed to contribute to the main DAO. With this hierarchical approach, DeXe will ensure that decisions in a DAO are well-rounded and have multiple expert perspectives.
So, equipped with the power of both blockchain and AI tech, DeXe aims to revolutionize decision-making within DAOs by providing an unbiased and highly informed approach and enhance governance efficiency and fairness by decentralizing expertise. This way, DeXe will set a new standard for decentralized organizations and power the next-generation of DAOs.