Will blockchain have any effect on AI?

Like most innovations and technological breakthroughs, we need to first define the parameters of Artificial Intelligence (AI) before we reach its point of inception. A broad definition that encompasses the multiple spectrums of AI is a human intelligence simulation via processing of computer systems. These systems acquire the rules of the information, the information itself and it's logic. By definition, a blockchain is a distributed, decentralized, immutable database used to store encrypted data. In its purest form, AI is used to describe the theory and practice of creating machines capable of carrying out tasks that require intelligence.

It goes without saying that each technology has its own individual degree of complexity, but the combination of the two may be beneficial to both.

Over the years, academics have looked at the possibility of combining blockchain and AI but, let’s face it, real-world applications are still few and far between. In fact, both technologies have lived in relative isolation over the past decade, but this is quickly changing.

Computing

Finally, although they are incredibly useful in our daily lives, computers are unable to carry out a task without receiving explicit instructions. Artificial Intelligence affords us the opportunity to move away from this and tackle tasks in a more intelligent and efficient way. Imagine a machine learning-based algorithm, which could practically hone its skills in ‘real-time’ if it were fed the appropriate training data.

Although blockchain and AI have great potential in their own right, one can’t help but wonder what they may achieve if their combined force were put to good use. Both technologies are mutually inclusive, and could potentially pave the way for a much more transparent, and efficient world. In theory, the combination of both Blockchain and AI fuse to create a foundation that can foster the change in current methods of transactions. Its adoption rate is sluggish, the determinants of this adoption rate are more to do with the human adaptability within the financial culture along with the complexity of this conventional way of transactions.

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Created on Oct 17th 2019 05:55. Viewed 252 times.

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