The Correlation Between Blockchain Technology & Artificial Intelligence
The development of Artificial Intelligence (AI), as it is applied to big data, together with the security offered by Blockchain Technology, creates the perfect combination for the management of large databases.
First, Blockchain is essentially a new filing system for digital information.
It is a decentralized network of computers that records and stores data, to be displayed in an chronological series of events. The data is then recorded and stored on a transparent and immutable ledger system.
Next there’s AI, simply put, AI developers builds machines capable of performing tasks using human intelligence. AI is a wide-ranging branch of computer science concerned with building smart machines that are capable of performing all types of tasks. It replicates or simulates human intelligence in machines for education, including many other purposes.
The Combination of Blockchain & AI
Both Blockchain & AI have evolved into leading technologies that power innovation across almost every industry. When AI and Blockchain converge, the latter can benefit from AI’s ability to accelerate the analysis of an enormous amount of data. In fact, putting the two together can potentially create a totally new paradigm.
The Level of Security
Considering these technologies, blockchain is encrypted and distributed across many different networking systems, it enables the creation of a tamper-proof, highly robust database which can be read and updated only by those with permission. AI has plenty to bring to the table in terms of security as well. It is capable of operating with big data while it is still in an encrypted state making transactions much safer. This includes reducing the risk of exposing unencrypted data which has become an enormous security concern.
AI & Blockchain Together
Both these technologies, in there own rights, are breaking ground and revolutionizing their perspective environments. Their impact will be felt globally, they will continue to emerge as the go to technologies for privacy and protection.
They will provide a reinforcement proficiency solution that has evaded the online business industry since its inception.
