The Impact of Blockchain on Artificial Intelligence

Blockchain in Artificial Intelligence

In the modern world,blockchain and artificial intelligence technologies are revolutionary.These modern discoveries are individually very popular in their own rights.However,what can we achieve when they are combined?Let's check that out!

AI as a science specialization focuses on imparting intelligence to machines. With this technological breakthrough, machines are expected to function like humans.

Blockchain, on consideration, is a filing system that stores encrypted data in a distributed ledger. Because of the distributed nature of the ledger, this encrypted data is entirely tamper-proof and very hard to get into this system.

Let's now look at how blockchain and AI can work together to build an excellent system.

Artificial Intelligence and Data Encryption

Imagine a healthcare provider using AI for scans or an e-commerce platform offering custom recommendations to customers using specific purchasing patterns.The data used for such activities,which assists the AI in performing such tasks,is undoubtedly susceptible and personal.

Such systems keep records of personally identified information and large quantities of sensitive data.Also,this implies a considerable amount is spent to protect the system.And securing data comes is inexpensive when storing information that can harm the users.

Blockchain has a reputation for its secure functioning.The security levels in a blockchain system are advanced and could seldom get hacked.If apps powered by AI begin to use blockchain,there's a higher chance for optimum performance and more secured systems.

Monitoring AI Decision-Making

Several AI systems are used for data prediction and decision-making. However, can we know if such decisions were taken accurately?

In finance, for example, several organizations leverage AI systems to detect faults in the systems and are alerted whenever any transactional errors occur. But, can one also know if the transactional errors were assessed correctly? The efficiency of such systems has to be first verified a couple of times by humans. However, this is also impossible as AI systems analyze large datasets, which is not feasible for a human to consider such massive data at once.

This is where blockchain steps in. Recording the transactions on a datapoint-by-datapoint basis can allow human intervention and monitoring. Furthermore, it's also verifiable that the data has not been tampered with anywhere in the pipeline.

AI for Blockchain Management

In today's world, computers are advanced and posse excellent processing power, but they still require human intervention. However, this is possible with AI.

The blockchain encryption algorithm is also achieved by using computing power as machines can't intelligently function.

Take the hashing algorithm that tracks every combination for single transaction verification.This is not intellectual functioning.

Functioning intelligently,for example,is a human trying to understand a code.This human becomes increasingly good at breaking down codes and takes less time on each code in time.

In a similar scenario,when AI powders machines,it makes machines intelligent.And,as mentioned,the hashing algorithm,an AI-powdered machine,would tackle relevant combinations and not use the brute force approach.

Final Thoughts

In a fast-paced world of technological advancements and innovations,the possibilities are endless.What's seen today is a combination of several ideas and techniques to produce cutting-edge technologies.Such applies when we combine AI and Blockchain technologies—we undoubtedly produce a highly advanced and secure system for usage.

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