ETHKL24 | Aaron Ting, ICP Hub Singapore | ICP, AI, and Chain Fusion Reshaping the Digital Landscape

moving on we have Aaron Ting co-founder of ICP Hub Singapore to deliver an address on the convergence of Worlds ICP Ai and chain Fusion reshaping the digital landscape ladies and gentlemen a round of applause for Aaron [Music] tting uh we have some furniture confusion so just give me one second okay we're good Aaron take it away hi everyone I'm very glad to be here I'm Malaysian so this is a home to me um I'm involved in blockchain for 11 years so I've seen how we grown from you know Bitcoin to you know ethereum to the various uh alternative layer one layer two and you know how this uh whole Space has evolved and uh today I'd like to share with you about a project called the internet computer so the internet computer is a very special blockchain uh in fact uh this blockchain is uh very capable it's uh more of a decentralized cloud um if you will and also it has capabilities that other blockchains uh do not have so right now our network is uh at a very healthy um 2.4 million ethereum equivalent transactions um per second so what that means and this is a old figure up there that's a 600 ,000 but what it means is that we process more transaction that means more compute on Smart contract than all the other blockchains combined within 1 hour and that's just massive and the compu as grown uh so we have a system where you have a token called ICP and this token can be used to be exchanged for Cycles so Cycles is basically the fuel for the smart contract so in our smart contract system we don't have transaction fees the concept for us is more of a cloud service where the host of the website would pay for hosting the website so the cycles power the smart contracts so there's no transaction fee for any users and this is the definity foundation we're based in Switzerland in uh the city of Zur we have um 200 plus employees there is basically a nonprofit R&D lab and we have 1,000 years well sorry uh yeah 1,000 years of research basically put into this uh technology so what is ICP so the core premise of ICP is that we believe that onchain is the new online right so you know we we know about the problems of web 2 the traditional it stack and when we look at smart contract and the blockchain technology we saw that prop properties that is very valuable and in fact when our founder first heard about this term uh World computer end of 2014 he realized that this can actually be a new paradigm so ICP is about replacing the entire traditional it stack with blockchain and smart contract so for example this is open chat and open chat is a chat application one of the major apps on our Network and this is a fully decentralized messaging um app and this app is fully hosted in our smart contract and our smart contract why is it capable to host the entire application is because our smart contract is very different and this smart contract can host up to 400 GB and it's a heat memory of 4GB and our smart contract can read and write right so normally in a etherum smart contract you need to fetch the data or have a an oracle push the data into the smart contract but in our system we can actually fetch the data send and receive receive data so that gives us a lot of capabilities and also our smart contract is the only smart contract where you can actually attach a URL a web address so this is a uh open chat and basically open chat is uh web serve so it's directly served on a smart contract you communicate directly with it there's no intermediaries uh so you don't need App Store you don't need traditional it back end and it's uh what we call the internet resident web app and this is fully controlled by a dow and our Dow is um um more more capable Dow so instead of just voting with tokens we can actually execute the entire um program and manage the entire program so when a project wants to decentralize they would issue a token and this token would um be used for voting for proposals on the Dow and once the vote pass through then it will automatically execute uh the code so we also allow uh multi-chain tokenization so we have a technology called chain fusion and this connects to 21 blockchains including ethereum salana and basically within this app is um because it's on a blockchain it's also a wallet and you can access uh you know many different chains and you don't have to download metamask or any other variants of uh wallets so we have something called internet identity so it's a it's a pasy system and this system is uh you know very secure uh and also you know it's very capable so we have a project in uh with a United Nations uh development program undp and this particular project focuses on universal trusted credentials so this particular Universal trusted credential implementation right now is for micro smmes in Road out in 10 country so first one is Ghana second one is in cambod and uh it's a very useful system now I'm going to talk about AI so all of you are familiar with AI you have probably used chat GPT but do you know that chat GPT right now is you know something that belongs to a major US Corporation and this uh CH GPT is also So-Cal a lock version so imagine an unlocked version of a chat gbt or any large LM well in fact it can a lot of things right it's highly capable and we think that cyber uh security is um incidents are going to increase because of this right so how do we control AI so in Singapore we have done uh two hackathons one of uh National University of Singapore the second one of Singapore management University and both of them choose the topic of AI plus blockchain uh why is that is because AI um we believe that it's um um it's a database right and also you know a processing you know and it it's uh something that people become entirely Reliant upon and data sticks to it and because of that AI models is actually a hot wallet for data and all the process in your company so because of this reason we think that we need blockchain as the guard rail to AI to control AI so even to decentralize AI so we have something called AI uh Network um resident AI that means we put the ENT higher AI model into our canister smart contract and uh when we put an AI model into a smart contract well you can do a lot of things right so for number one I think it uh it becomes sort of like a smart wallet and you can for example you know execute a lot of uh different commands just by you know type as you type into chat GPT you would type into this model and let's say that you know you want to sell ethereum when it reaches 3K you know you want to sell 10% of that so so all that is possible right now um so this is the network resident uh wallet I spoke about now in the future uh users will use AI to create custom web application so right now in um still in the research uh stage in the testing stage we actually have a AI model that can create programs for you so in the future simple um applications like CRM for example um it can actually be created just using a few lines of command and you can actually use the command to actually modify this um uh this program yeah so this is uh where the future is heading but of course we think that you know AI should be combined with a blockchain to give you some guarantees and of course you know you can have more security you can protect your um data and your business so this is an example of a an app so yeah you can create an app to trade calorie consumption uh so on so forth it can be graphical and everything so this is we think is the future uh now I'm going to move on to chain Fusion so chain Fusion is basically our version of a multi-chain um um you know connection and how we do that is really through native integration for um for example for Bitcoin so our canister smart contract can store entire Bitcoin node which is about 300 plus uh gigabytes at the moment and because of that we call this a native integration with Bitcoin so it's one of the safest uh Alternatives out there and uh for communication with you know chains like ethereum you know we can have you know uh connection through a decentralized relayer or RPC so this what it looks like briefly this a canisters on uh each one of these blocks you know have there's a node machine underneath and each one of this is actually a node so we have a concept of a subnet and subnet combined together would be the enti entire internet computer and why is this important is because we have a subnet right now for uh the uh a Swiss private bank and this subnet is EU gdpr compliant because all the node operators are known and the government and the financial institution can accept it so um so how we actually uh manage this other wallets is also using um um basically sharding of the private key so we can uh Connect using what we called the externally owned account so that means we can connect with practically any blockchain or CB DC or even uh a traditional uh uh any private Network or even a traditional web 2 system so we take the key we Shard it and with uh a few you know sharing of the keys you can sign off a transaction on our Network so this the internet computer protocol I I hope you guys have uh you know uh learned something about this uh new protocol what we think is really internet computer protocol is a decentralized storage and compute layer and as we know in space we have a huge problem with um decentralization of the whole stack um you know most of the time we have limited capabilities on the traditional smart contract so we have some uh basically computation on there or some crypto assets on there but for a lot of things we're actually being hosted on AWS or some of the blockchain actually have their nodes hosted on AWS and that's a centralized service so our mission is really to work with everyone in a space to make sure that we have a decentralized network uh a fully centralized stock uh for our industry thank you thank you Aaron