Brianna White

Staff member
Jul 30, 2019
AI tamed by blockchain.png

AI and blockchain are two of the most talked about technologies. Both have the potential to become the most impactful solution we'll see in our lifetimes. Despite their differences, AI and blockchain not only coexist, but they also work in symbiosis. In fact, some companies around the world have already tried putting them together. Today, I'll discuss the possibilities of blockchain-powered AI and what it can mean for various areas of business.

Blockchain And AI​

A study conducted by Grand View Research projects the AI market expanse at a compound annual growth rate of 37.3% from 2023 to 2030. According to their revenue forecast, it’s destined to become a multi-billion-dollar industry. By the same year, the blockchain market is projected to reach $469.49 billion, according to Fortune Business Insights.

The obvious question is, what can these two do for each other? This is something in the works right now at many companies all around the world.

AI is an umbrella term that includes machine learning, deep learning and neural networks. All three are best illustrated in modern AI graphic and text tools. Neural networks, by definition, simulate the activity of a human brain. They perform the same tasks: prediction, analysis, decision-making, etc. Only in the case of AI, all the processes are more data-driven, logical and fast.

Blockchain is a technology dedicated to data recording and storage. Data is encrypted and secured so that it can’t be altered post-factum. Blockchains provide transparency, security and resistance to censorship, all without relying on trust.

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