How Blockchain Will Impact and Drive Artificial Intelligence Solutions

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Read through this fine piece of information covering the idea of co-existence and overall impact of the two mammoth technologies of our time – Blockchain and AI - working together.

Artificial Intelligence has been growing continuously since the time it first stepped in. But it is only in the recent years that it has grown to become a part of regular lives and routine jobs. We can see AI implemented to assist us at a storefront or help us remotely control gadgets and electric appliances at home.

AI is present everywhere in today’s hyper-tech world and it is progressively growing to support us with automation and smart digital technology in a highly penetrating and refined manner – to make us increasingly depend on it to function, communicate and extract value.

This has been disrupting not just the way we browse, locate, refer, or communicate with ideas and things but also with the way you conduct security-dependent activities like gathering crucial information, doing payments or generating official reports.

Any such practice that involves high level of security, and that too the highly volatile and busy online landscape, we need to serve them with equally robust and protected environment and a firm support base to function.

The range and scope of Blockchain

Blockchain comes out to be that one answer to all of our digital security and integrity needs. And that is not restricted to any one service segment or industry-type but to everything that needs to be encrypted and safeguarded against any possible cyber risks, threats or leaks.

Though Blockchain development has intrinsically helped finance and money exchange market extensively but it is equally pertinent to other segments too. As per industry experts, Blockchain is beyond any limitation of applicability and use. It can well support different utility and compliance factors associated with latest technologies. Which makes it highly relevant and resourceful to power-up advanced automation and digitized offerings – associated with any functional segment or industry vertical.

The connection between Blockchain and AI

When we talk about anything digital in the current era, it has to be associated with AI in some way or the other. Healthcare and Medicines, Media and Entertainment, Retail, Automotive, Learning and Education, Manufacturing, Hospitality and every business formation and service utility you can think of connecting vitally through automation, are all served by AI.

As these all operate on the top of latest digital facilities, collaborative data engines, hyper-connected communication infrastructure and smart gadgets, AI becomes a compelling force, bringing in ever-advanced possibilities to the augmented real-life human-factor utility format of work.

Which clearly points towards the fact that growing connectivity between different automated practices, ever-engrossing data, connected services, and volatile information, that use Artificial Intelligence to serve toady’s evolving industries, users and trends, it becomes highly needful to have advanced software platform like Blockchain to support AI with its safeguarding and upkeeping traits and benefits.

Besides, Blockchain development has a lot to offer to these trends contributing to the different facets of Artificial Intelligence including the co-exiting practicing utility and value dynamics of it. It can optimally address the advanced process protocols and progressive practicing entities through different automation-led offerings.

How Blockchain can help AI to offer you higher value

Researchers and experts from the industry describe Blockchain as a highly disruptive technology that helps different modern technologies like AI to leverage on encrypted log of data that keeps growing continually to serve the purpose expansively.

This is the reason, leading organizations like Wal-Mart are increasingly looking to have Blockchain technology integrated into their systems to help them conduct their operations, handle tasks, do trading, maintain resources and manage funds, employing smart techniques and practices powered by Blockchain technology.

Now, as you know you can execute different operations through AI bots and machineries in your work facility as you are able to automate and digitize the entire system of work through Artificial Intelligence. Here, the most important thing that helps businesses with procuring resources and utilizing them optimally is the process through with they produce value. Blockchain can be highly helpful by contributing to the integrity and validity of input choices that are based on refined and secure data through different sources and channels.

The Blockchain based database is well consolidated and properly sanitized to offer you high level of security and consistency in the process. This also acts highly decisive in making businesses gain access to incremental information source that represents methodical, secure and transparent practices of funneling, collaborating, refining and utilizing data.

How businesses will benefit

With Blockchain meeting AI so resourcefully and engrossingly, progressive businesses and industries are sure going to get access to highly productive and process-oriented way of data utilization. Further, as AI testing databases are already flooding into the market, they offer you least authenticity of form and validity and is quite old in its format of offerings. Going with Blockchain-based database you enter the blue ocean of opportunities. Blockchain allows you to build and channelize your process plan, operational resources, functional practices and execution scheme to best work with the AI framework of business, by referring to and utilizing Blockchain-optimized database and collaborative information and the derivative details to best serve the system.

Blockchain does it broadly in three different ways:

Decentralized control and Data Sharing: One of the major traits of Blockchain that makes it differently resourceful in terms of data management is that it works in a decentralized way. As the tasks are divided across a number of nodes the process becomes faster and smoother. With Blockchain enabled AI systems, you get to create decentralized network of nodes and sourcing units, that work together to solve complex queries and respond to tricky algorithms. This vitally helps the AI system to procure, validate and process the unbundled and sanitized data to effectively serve its end purpose.

Additional Security: As an AI based process runs on a central processor that is shared across different nodes and resources, it is prone to hacking. A Blockchain-integrated AI system is all-equipped to authenticate the functioning of different nodes operating and exchanging data across networks, as it discreetly categorizes and segregates them for their roles and duties. This ensures that the consistency, integrity, and inclusivity of the solution is best taken care of to further confirm advanced security of the solution.

Higher Trust value: As Blockchain takes the charge of industry-wide digital encryption processes and practices with great authenticity and reliability, it is increasingly gaining higher relevance and importance all over the data engineering space. To that reference, as we see the ever-aggressive AI systems working in a collaborative framework to deliver higher performance level choices and possibilities to users, it requires them to operate within an environment built on Blockchain that is highly reliable for protecting them from possible hacks and threats.

How it would transform AI

With majority of businesses and users relying upon AI and using it to expand their value propositions and explore more market possibilities while aiming at the latest mark of product augmentation and automation, Blockchain becomes indispensable to be followed and implemented in the AI space.

This is mostly because it works as an intrinsic safeguarding machinery for an AI enabled system, that safeguards, streamlines and facilitates high-tech processes based on the smart data utilization framework and keeps them operating well.

Further, in the attempt to gain optimum value utilization from the AI-driven process mechanism, systems need to refine their communication with the production equipment and resources working within the facility. This even takes in the peripheral references and derivative concepts. Here, all of these components and resources come in a close and dynamic contact with each other, which makes the process volatile and reactive. Blockchain allows AI solutions to work in a stable environment which is controlled and moderated, to attain the most of cogency and direction to aim at optimum value and acquiescent results. The best example of this is Facebook, which allows you to sign-in to different online sites through its login credentials, without letting any third-party content to be uploaded on the platform.

As much expected, Blockchain would grow further to make this communication more confirmative to the choices and needs of user. It would be highly fluid and responsive in its references and would allow user to extensively control and drive the system’s performance and results in its favor, assuring the most of security and communication value from an AI enabled solution.

Concluding lines

There are tons of cases out there to deliver the prominence and significance of Blockchain in the arena of Artificial Intelligence. All this together with the high value potential it shows as a technology, indicates how far and high Blockchain will go to support and influence Artificial Intelligence. And no wonders, Blockchain has already started being increasingly established as a proven and tested choice for data validation and security within and around the AI landscape.

If you would like to know more about the topic or would like to hire a developer for Blockchain development, contact us at, [email protected].

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About Author
Tushar Vijay

Tushar Vijay

A marketing graduate, a deemed strategist, a sure geek - Tushar is a fine blender of the art and science of writing. When it comes to tune up content with commerce, he knows the trick. For him, if words don’t make you think and beat, they are not worth your time. A crazy foodie, an unfailing jogger – that’s him off the desk!

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