How can Blockchain improve artificial intelligence? | by Nicholasjneff | August 2022

Both blockchain and artificial intelligence are making progress in the industry. While Blockchain is revolutionizing the financial sector, artificial intelligence is advancing the self-driving car industry and other advancements in machine learning. One of the reasons why artificial intelligence is developing at a rapid pace is the data manipulation capabilities offered by blockchain.

Blockchain’s decentralized technology can bring more transparency and security to artificial intelligence. So far, blockchain has had a major impact throughout the industry. As it continues to improve the way we encrypt, investigate and handle large data sets, it could play an important role in the development of artificial intelligence. Thus giving a blockchain engineer to experiment more and come up with ways to advance AI development.

Artificial intelligence is used as a fair term to represent various machine learning developments.

Security and Encryption: The security offered by Blockchain is second to none, thanks to the cryptocurrency encryption system inherent in the filing system. This means that Blockchain is suitable for storing large amounts of personal data, which are further processed to offer a life of convenience. For example, Netflix recommendations prompt viewers to watch the next shows and Amazon’s shopping recommendations.

Both of these companies store the customer’s data. This data is valuable. Companies dealing with this will have to invest billions of dollars to build security that matches the level required to secure personal data. As data breaches become increasingly common and larger, this is an important step to take.

In the blockchain, all data is encrypted. This means that complete data on the chain can be kept safe with a primary key (which amounts to a few kilobytes).

Furthermore, AI engineers work on algorithms to work (processing and operation) with encrypted data, as working with unencrypted data increases the chances of exposing data and potential data breach threats. Blockchain can provide significant security to AI.

Blockchain allows data to be shared between a large number of clients. AI requires a large amount of data sets that are further processed to produce results. Combining blockchain’s data sharing capabilities with AI predictive analytics can provide better and more reliable results.

So far, there is a lack of clear structure in the in-laws in the development of AI, which also poses a threat. To facilitate proper communication between machines and data sharing, there must be a proven encryption network. Over time, the blockchain has gained respect for its transparency due to multiple layers of encryption. The same level of transparency can be brought to AI learning systems.

Blockchain is up for disruption. Across the industry, companies are looking for ways to implement blockchain into their operations. Thus keeping blockchain engineers busy and open to more job opportunities. Consequently, it has led to more demand for talent skilled in the blockchain. Therefore, the talent runs towards blockchain technology certification and exercise.

Blockchain requires enormous computing power, traditional computers make this process slow. For example, Hash algorithms on Bitcoin for mining blocks have a very brutal approach. To confirm a transaction, the algorithm runs through each combination of characters until it finds the right one.

AI, on the other hand, can handle this task more efficiently. A human equipped to break codes would improve if he breaks the code routinely throughout his life. Following the same learning principles, imagine a machine learning powered mining algorithm that will break the code instantly. Given the right training, feeding data into the system, this task can be done faster.

Combining the two technologies – artificial intelligence and blockchain – could lead to faster development in AI. It is clear that both technologies complement each other. If brought together, their combined potential can bring breakthrough developments, building safer and more responsible solutions. As blockchain and artificial intelligence continue to improve, we will see a more robust synergy between the two technologies.

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