How can blockchain improve artificial intelligence? | by Nicholas Jneff | August 2022
Blockchain and artificial intelligence are both making strides in the industry. As Blockchain is revolutionizing the financial sector, artificial intelligence is driving the industry forward with self-driving cars and other advances in machine learning. One of the reasons that artificial intelligence is advancing at such a rapid pace is the data manipulation capability offered by blockchain.
Blockchain’s decentralized technology can bring more transparency and security to artificial intelligence. So far, blockchain has had a big impact on the entire industry. As it continues to improve the way we encrypt, examine, and process large datasets, it can play an important role in advancing artificial intelligence. So, give a blockchain engineer to experiment more and find ways to advance the development of AI.
Artificial intelligence is used as a fair term to represent various machine learning developments.
Security and Encryption: The security offered by Blockchain is unmatched, thanks to its cryptocurrency encryption system inherent in its filing system. This means that Blockchain is suitable for storing large volumes of personal data, which is then processed to provide the convenience of life. For example, Netflix recommendations prompt viewers to watch upcoming shows and Amazon shopping recommendations.
Both of these companies store customer data. This data is valuable. Companies facing this problem will have to invest billions of dollars to implement security corresponding to the level required to secure personal data. As data breaches become more common and larger, this is an essential step to take.
In the blockchain, all data is encrypted. This means that full string data can be kept safe with a primary key (amounting to a few kilobytes).
Additionally, AI engineers are working on algorithms for working (processing and mining) with encrypted data, as working with unencrypted data increases the risks of data exposure and potential data breach threats. Blockchain can bring important security to AI.
The blockchain makes it possible to share data between a large number of customers. AI requires a large amount of data sets which are then processed to yield results. Combining the data sharing capability of blockchains with the predictive analytics of AI can yield better and reliable results.
So far, there is a lack of clear structure in the in-laws in the development of AI, which also poses a threat. To facilitate good communication between machines and data sharing, there must be a proven encryption network. Over time, blockchain has gained respect for its transparency through multiple layers of encryption. The same level of transparency can be brought to AI learning systems.
The blockchain is ready to be disrupted. Across the industry, companies are looking for ways to implement blockchain into their operations. Thus, keeping blockchain engineers busy and open to more job opportunities. Hence, this has led to a greater demand for skilled blockchain talent. Therefore, talent runs towards certification of blockchain technology and training.
Blockchain requires immense computing power, traditional computers slow down this process. For example, the hashing algorithms on Bitcoin for mining blocks take a very brutal approach. To verify a transaction, the algorithm executes each combination of characters until it finds the correct one.
AI, on the other hand, can handle this task more efficiently. A human equipped to break codes would improve if he broke the code regularly throughout his life. Following the same learning principles, imagine a machine learning-based data mining algorithm that will break code instantly. With the right training data is fed into the system, this task could be done faster.
The combination of the two technologies – artificial intelligence and blockchain – can lead to faster development in the field of AI. Obviously, the two technologies complement each other. If brought together, their combined potential could bring revolutionary development, creating safer and more responsible solutions. As blockchain and artificial intelligence continue to improve, we will see more robust synergy between the two technologies.