Blockchain and Artificial Intelligence are driving technological innovation worldwide. Both have profound implications for the future of business and our personal data.

But, how can Blockchain and AI coalesce?

Let’s look at each one:

AI is a computer science field dedicated to creating intelligent machines. Providing machines with skills like problem-solving, speech recognition, planning, and learning. With no exhaustion or emotions, AI offers accuracy, speed, and precision.

On the other hand, blockchain is a decentralized technology that stores blocks of similar data over a global network. By decentralized, we mean that data is allowed to be shared without a central unit. Transactions on a blockchain are verifiable and processable independent of a primary force.

The best way to use the two most prominent technologies today is by capitalizing on one’s strength to aid the other.

FIGHTING TO PROTECT OUR DATA

Concerned experts claim internet giants, like Facebook and Google, control the massive troves of online data necessary to train and refine machine learning programs.

It’s important to have machine learning capabilities more under the user’s control and avoid relying on big companies.

Startups working towards this goal are applying blockchain in a number of ways. At the most basic level, just as the blockchain allows money to move around without any central authority, experts hope that a blockchain can allow AI networks to access large stores of data without any big company in control of this data or the algorithms.

Other startups are setting up blockchain-based marketplaces where people can buy and sell data.

For example, a Berlin-based project called Ocean Protocol is working on an infrastructure where anyone can set up a marketplace for any type of data, with users paying in digital currency.

The ultimate goal is to decentralize access to data before it’s too late.

Unlike Google and Facebook, who store data from users, these marketplaces won't have the data themselves. They’ll be places for people with data to meet, ensuring that no central player can access or exploit it.

These marketplaces are only the outer layer of the systems being created to handle artificial intelligence data.





FIGHTING FOR TRANSPARENCY

One main concern about data collected by the giants is the access it gives these companies to the most private details of our personal lives.

Oasis, a blockchain platform, is working on using advanced techniques to secure the data being bought and sold. The basic premise is that no one, not even the company using the data, will get a copy of it.

The healthcare sector is a great example. Researchers can train AI models with data from actual patients, without this data ever being exposed.

Moreover, due to its cryptographic nature, blockchain offers exceptional security and immutability--ideal for storing highly sensitive, personal data.

Although not impossible, it's exceptionally challenging to hack a decentralized, blockchain-based AI platform.

AI and blockchain together provide a double shield against cyber attacks.





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