What Do the Blockchain and AI Together Do?

Artificial Intelligence:

Artificial Intelligence is a branch of computer science which deals with intelligent behavior in computers. It is also called as Machine Intelligence, the capability of a machine to imitate intelligent behavior of human.

Commonly, AI is a technology which thinks and behaves like a human and does certain works that what the human supposed to do. For example, it can plan, learn and solve the problems. Thus by thinking and behaving is not a human. Usually, science fiction often portrays AI as robots with human-like characteristics.

The Below Statistics will describe its pathway:

1. More than $300 million was invested in AI Startups in 2014 than its previous year.

2. By 2018, 6 billion connected devices ask for support.

3. About 15% of Apple phone users using Siri's Voice recognition capabilities.

4. At the end of 2018," customer digital assistants” will recognize customers by face and voice across channels and partners

5. In 2025, AI is expected to reach around $169,411.8 million.

Blockchain:

Blockchain is a Widely Hyped Technology in the Market. It got double the hype when Artificial Intelligence combined with Blockchain.

Actually, Blockchain is Decentralized, distributed and secured ledger to store and to access the data, whereas Ai is the engine will do decision making by making use of the collected data. With this, they get Mutual benefits from each other.

Here blockchain can make Artificial Intelligence more reasonable and understandable. By 2030, the GDP is expected to rise by 14% and the business value added by blockchain technology also increases to $3.1 trillion by the same year.

What the Blockchain and AI together Do:

During Data encryption on Blockchain, your computer requires high processing power, here The Artificial Intelligence provides us the opportunity to tackle this task in an intelligent way.

The progress of AI is Completely through input data. As a decentralized technology, blockchain stores the data in a distributed public ledger and can be view by an approved party. Here when combining blockchains with AI, we will be having a backup system for the sensitive and highly valuable personal data of individuals.

Normally in the medical and financial field, it will be difficult to handle and to hand over all the records to a single firm. But when accessing data by AI on the blockchain could provide more advantages.

Benefits:

1. Transparency,
2. Scalability,
3. Security,
4. Privacy,
5. Efficiency.

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