Blockchain and AI(Artificial Intelligence) are two major technologies that regulate the pace of innovation and introduce a radical shift in every industry. Blockchain brings the major transformation in the financial sector and AI algorithms are making everything more independent. In fact, the companies are going for a test approach especially the banking sectors towards the blockchain technology.
If we compare the other centralized technologies, blockchain makes the work safer, smoother and transparent. It has a much impact on the financial sector and can play an important role in the development of AI. In general, every technical aspect has its own degree of complexity as well as business implications. But, the combined use of the two may be able to create the entire technological and human paradigm from scratch.
Take Big Data to the Next Level With Blockchain Networks
Depending on who can access and verify the information stored on it, there are many potential ways to use a Blockchain, apparently, there are varying levels of security and transparency. Ultimately, it is a way of recording data, transactions, and information in a more decentralized way. On the other hand, AI or machine learning operates on a centralized closed system to accomplish its task. Furthermore, Blockchain has the potential to change the way that the world approaches Big Data.
Decisions made by AI algorithms are increasing in each and every field. That verifies the efficiency of ongoing machine learning.That’s one of the reason why Google AdWords construct Ads by using Artificial Intelligence. This is a tedious task, as enormous amounts of data are fed into AI algorithms. Due to which, sifting through each decision point becomes complex.
How Blockchain makes our work easy and secured
Here, the auditing process becomes greatly simplified by recording each of these points on the blockchain, making it more secure and easier to assess. The complete and transparent view into the decision-making process of AI technology is an important step in validating AI’s usefulness.
Let’s check out an example of the healthcare industry: There is a mutual understanding, where technology includes safely storing medical records and checking them against current best practices to make the most accurate diagnoses and treatment plans possible. As a result, it reduces a lot of human work.
How Blockchain can personalize user experience
Machine learning will help in suggesting the next best enjoyable video to be watched. While, Blockchain will keep our preferences and viewing history safe and work will be made easier and convenient with AI algorithms.
Hence, combined abilities of Blockchain and AI will allow maximizing benefits. The possibilities of improvisations are endless with AI and Blockchain in any field.