Integrating Blockchain with AI

Artificial Intelligence has been the source of great fascination for people ever since the time when it started appearing in science fiction movies and books. Today, computer science is developing very rapidly at a fast pace. Nowadays, it is not a thing of fiction. Rather, intelligent computers have become reality.

Blockchain technology first got introduced back in the year 2008, by Satoshi Nakamoto who is its inventor. Not enough people know about him, as he has kept his identity secret for the most part.

Today, the brainchild of Satoshi Nakamoto has been implemented in a wide range of applications and has changed the way we think about the internet’s capabilities. At the same time,Artificial Intelligence continues to develop further and is opening up a number of new horizons for various businesses. By using Artificial Intelligence, businesses are able to optimize their routine processes, whereas human labor focuses on tasks of greater complexity and more importance.

Humans are now able to create artificial neural networks, using which computers are able to learn a program and to expand themselves, based on machine-learning algorithms. However, even the most expert artificial intelligence experts are not able to predict the behavior of such a computer to its full extent. As a result of this, it is not possible to predict how the algorithm may develop further. Though, we can create an algorithm using which the computer will learn itself.

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The convergence of Blockchain, Machine Learning and Cloud

Now consider that every decision that which the Artificial Intelligence system takes, get recorded in a blockchain. This will result in a very extensive database. At the same time, it will also help with its security as blockchain information cannot be tampered with or falsified later.

It is also true that Artificial Intelligence can increase the blockchain’s efficiency significantly. Blockchain transactions, such as those in the world of cryptocurrencies, get their validation from miners, that make use of computing power to solve various different character combinations to guess the right one. This results in a reward, which is a fixed unit of a cryptocurrency.

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Applications of AI in Blockchain

However, the money goes to the person who is the first one to figure the combination out. At the same time, the computation power that other miners have used goes to waste and they get nothing at all.

For the integration of blockchain and artificial intelligence, a wide number of parallel computing systems, spread throughout the world, will be used. Moreover, the decisions that the artificial intelligence software will take, will get logged in a database. Again, however, it is not really possible to falsify the data in this blockchain. Nor is it possible for an attacker to malign the data or to change it in any way. This is virtually impossible.

Blockchain technology is all set to transform your life right from the way you manage assets to the way you rent a car. Let Focaloid help you explore the unlimited possibilities of the revolutionary Blockchain Technology.

Blockchain technology is all set to transform your life right from the way you manage assets to the way you rent a car. Let Focaloid help you explore the unlimited possibilities of the revolutionary Blockchain Technology.

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Prasobh V Nair Prasobh V Nair on May 29, 2019

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