PANews reported on November 9 that Vitalik published an article titled "From prediction markets to info finance". Vitalik believes that even if the existing prediction market is a very useful tool for the world, the prediction market is only a use case of the "information finance" category, which has the potential to be better realized in social media, science, news, governance and other fields. The next decade provides a unique opportunity for the following reasons:
- Infofinance solves a real trust problem. A common concern of this era is the lack of knowledge (or worse, lack of consensus) about who to trust in politics, science, and business. Infofinance applications can help be part of the solution.
- Now there is a scalable blockchain as a foundation. Until recently, the fees were too high to really make these ideas a reality. Now the fees are not high.
- Artificial intelligence as a participant. When information finance had to rely on human participation in every problem, it was relatively difficult to function. Artificial intelligence has greatly improved this situation, enabling efficient markets even on small-scale problems. Many markets may have a combination of artificial intelligence and human participants, especially when the volume of a particular problem suddenly changes from small to large.
