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Why Artificial Intelligence Could Be Blockchain’s Savior
Artificial intelligence (AI) has emerged as a transformative technology, surpassing blockchain in many aspects. However, blockchain’s immutable ledger technology seems to be a perfect addition to AI programs. A synergy between the two technologies is likely to yield significant benefits for both.
There are several ways that blockchain can support and enhance AI capabilities. First, AI algorithms often rely on vast amounts of raw data, which must be verified and authenticated. Blockchain technology can provide a transparent, decentralized platform for such verification and authentication processes, ensuring that data accuracy and integrity are maintained.
Secondly, AI decision-making processes can benefit from the transparency and traceability offered by blockchain. By recording AI decision-making processes on a blockchain, stakeholders can audit and verify the steps taken by AI systems. This increased transparency can help build trust in AI technologies, making them more acceptable to users and regulators.
Furthermore, decentralized AI models are possible with blockchain technology. Traditional AI development is typically centralized, with data and computational resources controlled by a single entity. This centralization can lead to biases, lack of transparency, and vulnerability to attacks. By leveraging blockchain, AI models can be trained and executed in a decentralized manner. Decentralized AI platforms like SingularityNET use blockchain to create marketplaces where AI services can be accessed and executed without centralized control.
On the other hand, it may seem that AI does not need blockchain technology at all. While AI is already widely recognized and adopted across various industries, there are still concerns over data security, privacy, transparency, and accountability. These issues will inevitably arise as more raw data is pumped into AI programs. Blockchain offers solutions to these challenges better than any competing technology, potentially accelerating AI adoption by addressing its critical pain points.
However, blockchain technology does need AI if it wants to be taken seriously as a commerce-changing technology. It has so far failed by every reliable gauge to infiltrate global commerce in the way in which it was promised back in 2017 and has been left behind, struggling to find its purpose in a world where no one seems to care anymore.
Source: fullycrypto.com
