How Artifical Intelliegence and Blockchain can Boost Data Integrityby Gary Ferguson Technical Writer | Blogger
The Internet has brought a lot of changes in daily life with its introduction. Today we can't think or do anything without the internet. Slowly with time, the internet has now become a backbone for the majority of our process and activities. BUT, while using the internet, we share and exchange data, the issue of data privacy has always been a question. Everything that we see on devices connected to the internet is all tailor-made for us by storing our usage data, behavior pattern and tracking our steps. Essentially the internet has been a Boon as well as a curse in terms of data privacy. Many organizations collect our data and sell them ahead. With time we have lost our control over our data.
But to our problem Blockchain Technology came in as a solution. Blockchain assures stricter data access while being transparent and incredibly secure. Blockchain development involves having blocks of data that are linked together via an encrypted link, forming a chain of blocks, ie: Blockchain. Any data stored in these blocks are only accessible with encrypted keys. Any changes made require the authorization of involved parties in the blockchain network without which no changes are committed. That being said any new changes made are stored on a new block, making it easy to track the changes and narrow down on the source of issue if any. Also, blockchain is virtually unhackable, as the blocks of information are stored on every computer in the network and it is impossible to break in each computer and make changes to data. With precise control over access to data, this boosts the trust and brings transparency to the processes.
How can Artificial Intelligence help in this aspect along with blockchain technology?
The quest to control and to make data more private, blockchain development technology is being experimented with to provide a more secure platform for data storage. On the other hand, the field of research and analytics has been pushing the boundaries with the help of Artificial Intelligence. BUT for data scientists and researchers data is an important aspect. The most common issue they face is the unavailability of data due to the reasons :
Business fearing loss of data or having data fall in the wrong hands.
Governments under regulations like GDPR.
AI when combined blockchain can pave a new way of data processing and provide deeper and more accurate insights. How is the issue of data privacy overcome? This is where OCEAN protocol comes in.
Ocean protocol acts as an access gate for data sharing with Artificial intelligence and other use. The important data is stored in data silos and researchers can have access to these silos to run their AI algorithm with extracting data out the silos. Data owners can gain new insights, crypto miners can predict mining patterns, identify between fruitful and useless transactions. AI can learn about the environment where it is employed and as blockchain maintains a history of data, it can accordingly train itself and behave appropriately.
"Ocean unlocks the value in private data while addressing privacy and data escape concerns" - Hackernoon
So the blockchain in this part is used to have control and protect the data that is fed to AI. This ensures the security of both researchers and data owners when they analyze and develop AI products based on research data available.
At present, the combination of Artificial intelligence and Blockchain needs more work to fine tune it and needs more computational power. With the big data coming into the picture the need for the same will increase. But this combo promises to resolve the age-old issue around data privacy and open more opportunities for collaborating with other tech in the near future.
Created on Jan 30th 2020 06:54. Viewed 607 times.