Often viewed separately from each other, Artificial Intelligence (AI) and blockchain actually complement each other to create intelligent systems which cannot be easily trusted.
AI is great when it comes to data analysis, pattern recognition, prediction and automated decision-making while blockchain provides for a decentralized, transparent and tamper-proof ledger which guarantees data integrity.
Combining the two allows developers to build the next generation of applications.
Why AI Systems Need to Trust Their Input Data
The quality of any AI model depends entirely on its input data. As soon as input data gets inaccurate, manipulative or incomplete, the performance of AI models falls dramatically.
Blockchain provides for a solution to this issue by enabling creation of immutable logs of transactions and events. This way, developers will have an opportunity to ensure that the data their AI models process cannot be altered.
Use Cases
Here are some possible use cases that developers are considering when it comes to using both AI and blockchain technology:
AI learning based on safe datasets
Fraud prevention using the transaction information from the database
Smart contracts that get triggered by AI predictions
Product tracking in the supply chain
AI-based healthcare system that uses encrypted health data
Predictive maintenance in industries
Access management
Challenges
However, there are several problems that arise when trying to merge both technologies:
Blockchain scalability
Large computational needs of artificial intelligence systems
Security issues related to using sensitive datasets
Interoperability issues
On-chain and off-chain processing
Most often, blockchain stores the validated records, whereas AI processes occur off-chain.
Looking Forward
In light of the growing development of artificial intelligence, reliable data is going to become even more vital.
Instead of considering artificial intelligence and blockchain technology as conflicting, developers may see them as supplementary components. While the former offers intelligence, the latter offers trust.
Combined, such technologies make it possible for developers to create applications that are intelligent, transparent, secure, and verifiable.
Have you participated in any AI + blockchain projects before or what do you think is the most promising use case for such combination?
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