Uploaded on Jul 2, 2020
PPT on the Integration of AI and Blockchain.
Integration of AI and Blockchain.
Integration of AI and Blockchain Introduction • AI and blockchain prove to be quite a powerful combination, enhancing virtually every industry they are implemented into. • Blockchain and artificial intelligence converge to improve everything from logistics in the food supply chain and exchanging health care information to advertising sales and financial protection. Source: Pixabay Performance • AI and blockchain are in positions where they can take advantage of each other and support each other in reaching their next step towards the fourth industrial revolution. • For example , if a customer needs clarification on a particular subject, or has a specific question, a chatbot can handle customer service. Because chatbots are powered by machine learning and algorithms, the response will surely be faster and more satisfying. Source: Pixabay Competitive Edge • Big Data developments are the force behind the AI revolution. It has enabled companies to organize a large dataset into organized components which can be processed very quickly by computers. • At the same time, this importance of data has facilitated development in blockchain as its distributed ledger is an revolutionary way of storing data in an effective and productive manner. Source: Pixabay Security • Blockchain technology is safer by allowing stable future implementations of applications with AI implementation. • An example of this is AI algorithms which increasingly make decisions about whether financial transactions are fraudulent and should be blocked or investigated. Source: Pixabay Trust • Blockchain's iron cast records are considered as one of their USP. Applied in combination with AI, this means that users have clear records for following the thought process of the system. • This in effect makes the bots trust each other, improving machine-to - machine contact and allowing them to exchange data and organize decision-making at large. Source: Pixabay Better Management • A machine learning-powered mining algorithm would remove the human intelligence necessity, and if it is fed the right coaching information, it will almost directly sharpen its skills. So AI also helps to higher control blockchain networks. Source: Pixabay Smart Computing • AI and blockchain can provide smart computive power too including encrypted knowledge like hashing and AI for machine learning algorithm. Source: Pixabay Diverse Data Sets • Unlike computing-based projects, in a public blockchain network situation, blockchain technology creates suburbanized, transparent networks that can be accessed by anyone around the world. • Through having API's on the blockchain Associate in Nursing APIs, it will allow A.I to communicate. Staff. As a consequence, various algorithms can be based on different sets of information. Source: Pixabay Monetization • Another turbulent innovation that could be doable by combining the 2 technologies is that the validation of knowledge. • Monetizing collected data is a major revenue stream for big corporations, such as Facebook and Google. Having others determine how data is marketed to produce money for businesses shows that data is being protected against us. Source: Pixabay Decision Making • Using blockchain technology, all the data, variables, and processes used by AIs for their decision-making processes are recorded immutably. It makes auditing the entire operation much easier. • All steps from data entry to conclusions can be observed with the correct blockchain code, and the observer can be confident that this data has not been altered with. Source: Pixabay
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