Artificial Intelligence And Blockchain: 3 Major Benefits Of Combining These Two Mega-Trends
(forbes.com)
Bernard Marr , CONTRIBUTOR
Opinions expressed by Forbes Contributors are their own.
Previously I have written about the reality and potential of ongoing efforts to integrate blockchain with the internet of things (IoT). Now I am going to look at how encrypted, distributed ledgers could unlock new frontiers for another cutting-edge technology: artificial intelligence (AI).
AI, as the term is most often used today is, simply put, the theory and practice of building machines capable of performing tasks that seem to require intelligence. Currently, cutting-edge technologies striving to make this a reality include machine learning, artificial neural networks and deep learning.
Meanwhile, blockchain is essentially a new filing system for digital information, which stores data in an encrypted, distributed ledger format. Because data is encrypted and distributed across many different computers, it enables the creation of tamper-proof, highly robust databases which can be read and updated only by those with permission.
Although much has been written from an academic perspective on the potential of combining these ground-breaking technologies, real world applications are sparse at the moment. However, I expect this situation to change in the near future.So here are three ways in which AI and blockchain are made for each other.
AI and encryption work very well together
Data held on a blockchain is by its nature highly secure, thanks to the cryptography which is inherent in its filing system.What this means is that blockchains are ideal for storing the highly sensitive, personal data which, when smartly processed, can unlock so much value and convenience in our lives.
Think of smart healthcare systems that make accurate diagnoses based on our medical scans and records, or even simply the recommendation engines used by Amazon or Netflix to suggest what we might like to buy or watch next.Of course, the data which is fed into these systems (after being collected from us as we browse or interact with services) is highly personal.
The businesses that deal in it must put up large amounts of money to meet the standards expected of them in terms of data security. And even so, large-scale data breaches leading to the loss of personal data are increasingly common (and increasingly large!).
Blockchain databases hold their information in an encrypted state.
This means that only the private keys must be kept safe – a few kilobytes of data – in order for all of the data on the chain to be secure.AI has plenty to bring to the table in terms of security, too.
An emerging field of AI is concerned with building algorithms which are capable of working with (processing, or operating with) data while it is still in an encrypted state.
As any part of a data process which involves exposing unencrypted data represents a security risk, reducing these incidents could help to make things much safer.... continue to page 2 of this article on Fprbes here: https://www.forbes.com/sites/bernardmarr/2018/03/02/artificial-intelligence-and-blockchain-3-major-b...
Opinions expressed by Forbes Contributors are their own.
Previously I have written about the reality and potential of ongoing efforts to integrate blockchain with the internet of things (IoT). Now I am going to look at how encrypted, distributed ledgers could unlock new frontiers for another cutting-edge technology: artificial intelligence (AI).
AI, as the term is most often used today is, simply put, the theory and practice of building machines capable of performing tasks that seem to require intelligence. Currently, cutting-edge technologies striving to make this a reality include machine learning, artificial neural networks and deep learning.
Meanwhile, blockchain is essentially a new filing system for digital information, which stores data in an encrypted, distributed ledger format. Because data is encrypted and distributed across many different computers, it enables the creation of tamper-proof, highly robust databases which can be read and updated only by those with permission.
Although much has been written from an academic perspective on the potential of combining these ground-breaking technologies, real world applications are sparse at the moment. However, I expect this situation to change in the near future.So here are three ways in which AI and blockchain are made for each other.
AI and encryption work very well together
Data held on a blockchain is by its nature highly secure, thanks to the cryptography which is inherent in its filing system.What this means is that blockchains are ideal for storing the highly sensitive, personal data which, when smartly processed, can unlock so much value and convenience in our lives.
Think of smart healthcare systems that make accurate diagnoses based on our medical scans and records, or even simply the recommendation engines used by Amazon or Netflix to suggest what we might like to buy or watch next.Of course, the data which is fed into these systems (after being collected from us as we browse or interact with services) is highly personal.
The businesses that deal in it must put up large amounts of money to meet the standards expected of them in terms of data security. And even so, large-scale data breaches leading to the loss of personal data are increasingly common (and increasingly large!).
Blockchain databases hold their information in an encrypted state.
This means that only the private keys must be kept safe – a few kilobytes of data – in order for all of the data on the chain to be secure.AI has plenty to bring to the table in terms of security, too.
An emerging field of AI is concerned with building algorithms which are capable of working with (processing, or operating with) data while it is still in an encrypted state.
As any part of a data process which involves exposing unencrypted data represents a security risk, reducing these incidents could help to make things much safer.... continue to page 2 of this article on Fprbes here: https://www.forbes.com/sites/bernardmarr/2018/03/02/artificial-intelligence-and-blockchain-3-major-b...
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Francisco Gimeno - BC Analyst Interesting opinions on how AI and Blockchain are made for each other. The author indicates three ways in which both work very well together. More and more AI, Blockchain and IoT will be getting more integrated.