Recently, techno world has rushed to throw its full weight behind developing blockchain technology, to encrypt and distribute data across different nodes. Blockchain is set to make a big splash in the following years. Be ready to adopt the new environment to experience the future by combining two ground breaking technologies - AI in Blockchain. AI has brought a drastic change in blockchain technology for good and it is touted to be the future of every business.
Having worked in the blockchain development over two years, and having been an active participant in the artificial intelligence evolution since its inception, We take a deep interest in the subject. In particularly, we believe that the intersection of Artificial Intelligence (AI) and blockchain is an exciting cum challenging new development.
AI has its unique roles in several industries, where as AI with Blockchain is for the following progress.
Combining AI and Blockchain becomes highly scalable for the certain progress. This can perform the combining process of centralized data set.
Blockchain, itself has its specific features to detect and correct the issues, if there any exists. But AI in the Blockchain prevent and detect the intrusion issues of the application layer.
Combining AI with Blockchain has the power to enhance the hash function that transmits a data in a secure manner.
It is simple to predict the node likelihood of the Blockchain with AI that fulfil the certain mining tasks.
(v) Better Data Management
Blockchain runs with the centralized database concepts. Through this concept, there exists chances for the data to get lost, corrupted as well as altered. But combining AI techniques with Blockchain provides better data management.
(vi) Wider Data Accessibility
Blockchain undergoes with the Peer to Peer connection and does not focuses on the other data. But the AI is of data dependent that enhance to access the wider data while combining AI with Blockchain.
Untangle the AI Thinking Way
Managing the Data Market
Optimize Energy Consumption
Enhancing Smart Contacts
There exists two major challenges while combining Blockchain with AI.
(i) Creating Diverse Data Sets
Combining AI and Blockchain with SingularityNET has the power to build smarter and decentralized Blockchain AI networks which hosts diverse data sets. This avoids controlling the data sets of the Blockchain networks by central authority.
(ii) Desired Data Decentralization
The Blockchain with AI has the real and unique challenge that faces to adopt the decentralized AI which makes the people to comprehend how their data are used. Blockchain permits cryptography techniques to protect the data and make use of the way that fits for the users.
AI and Blockchain are made for each other because of the following three ways:
(i) Work Well With the Combination
The database of the Blockchain hold their information in an encrypted state. AI, an emerging field with algorithms that are capable to process the data even it is in an encrypted state.
(ii) Demonstrate the AI’s Decision
It is hard for the humans to understand the AI’s decision in some cases. On the other hand, Blockchain can help to track, understand and explain the decisions made by AI.
(iii) Manage Blockchains Efficiently
Due to the encrypted nature of the Blockchain, acquiring data become very complex and requires large amount of computer processing power. But AI can manage Blockchain more efficiently than humans with its algorithms.
The increase of security is one of the most important character that blockchain holds. If developers create AI solution in a centralized platform, the integrity and security of the data along with accuracy of machine learning algorithms is being checked. It is important to make sure that the interface provides a reliable representation of an AI output.
The success of the Internet of Things and Artificial Intelligence (AI) will not depend on the capability of the technology but rather on the security provided to data. Hence security is the main criteria to be fulfilled if these technologies can hope to really take a big splash.
By using the ground breaking technologies, the BlockchainAppsDeveloper, proves as a leading Blockchain IOT Development company in India. We make way for a vision where devices are securely transacted with each other using Blockchain Technology and the data is processed through AI and Machine learning technology.