Top five AI-powered blockchain projects to watch – TechEconomy.ng

If you follow trends in the computer industry, you know that blockchain technology and artificial intelligence (IA) are getting closer and closer.

AI has wide applications, while blockchain is mainly related to the cryptocurrency industry.

However, many companies are trying to link these technologies, in the hope that they will create more value.

The Benefits of Combining AI and Blockchain

The main benefit of using AI is its ability to process information quickly, which would allow blockchain networks to increase the amount of data these organizations can collect.

AI can provide more actionable insights while creating a trustworthy and transparent environment.

Without a doubt, automation is a benefit that AI and blockchain bring to the table. With the help of smart contracts, many processes, from payments to identity verification, could become even more streamlined.

Embedding AI models into blockchain-based smart contracts can bring additional benefits, such as recommendations and automation based on previous behavior.

Let’s take a look at five projects that successfully combine these two technologies.

1. DeepBrain Channel

DeepBrain Chain is a blockchain-powered decentralized neural network. The project team is made up of experts in artificial intelligence and blockchain from prestigious IT companies. It was founded by Da Hong Fei, the founder of the NEO cryptocurrency.

The ultimate goal of the DeepBrain Chain project is to build a secure infrastructure for AI development. Any company that needs to increase its computing power will benefit from DeepBrain Chain, and it has already found use in video rendering, cloud gaming, the biopharmaceutical industry, and various simulations.

The project initially used The NEO Blockchainbut has now managed to launch its own computing platform which uses smart contracts and uses DBC as a resource.

2. SingularityNET

SingularityNET is another complete blockchain-based AI solution. The project was founded by Dr. Ben Goertzel, the chief scientist of Hanson Robotics (the company behind Sophia, the world’s first citizen robot).

The SingularityNET project aims to create a decentralized marketplace for AI services. With its token, called AGI, the team behind it plans to create an environment where artificial intelligence services can be bought and sold without trust, i.e. without worrying about your data being compromised. transaction.

SingulartyNET’s marketplace aims to become a go-to for helping businesses and developers manage AI projects while enabling them to sell services, algorithms, and data. Moreover, it is also supposed to unify researchers and businesses on one platform. This will facilitate cooperation and further accelerate the progress of AI technology.

3.IOTA

IOTA is a platform that uses a unique data structure called Tangle. The project was founded by David Sønstebø, Sergey Ivancheglo, Dominik Schiener and Serguei Popov.

IOTA is designed to be the “backbone” of the Internet of Things (IoT). They plan to offer scalable and sensationless transactions with their unique data structure. The IOTA project is also working on a decentralized marketplace called Data Marketplace.

It might be interesting to see how IOTA plans to implement its technology in several industries. The technology is intended to find applications in the automotive sector, global commerce, healthcare and smart cities. The project already has resources allowing developers to innovate and participate in a sustainable environment. It remains to be seen how far it will go with these noble ideas.

4. NeuroChain

NeuroChain is a blockchain-based platform that uses AI to improve transaction efficiency. The project was founded by Billal Chouli and Frédéric Goujon.

The NeuroChain platform uses a unique AI-based consensus algorithm, which aims to enable more efficient transactions. The NeuroChain project is also working on a decentralized application platform powered by its own token, called NCC.

The network uses more durable consensus mechanisms than resource-intensive proof-of-work. This use of alternative methods such as proof of involvement and integrity and proof of workflow is an attempt to change the cryptocurrency market, much like the use of bots and machine learning.

5. AI Thinking

Thought AI is a blockchain-based platform that uses AI to build predictive models.

Thought AI plans to offer a decentralized marketplace for predictive models. With their own token, called THT, they aim to change the way data is transferred – in what the company calls a “Nuance”, data is now supposed to flow freely through a blockchain-powered network. Its success, however, is still uncertain.

The future of blockchain and AI

AI is almost certainly the future, as it is already an integral part of our present. It is used in various industries, from healthcare to finance, and the incorporation of blockchain technology is an attempt to take AI to the next level.

The main advantage of blockchain is its decentralized nature. This allows data to be stored and shared securely without the need for a central authority. For AI, this could mean improved data security and privacy and greater transparency in decision-making.

The potential for blockchain and AI working together could be huge, but no one knows if we can expect to see more projects successfully combining these two technologies.

Daniel Korolija can be reached via [email protected]

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