Defining blockchain and AI Blockchain is a shared, immutable ledger that provides an immediate, shared and transparent exchange of encrypted data simultaneously to multiple parties as they initiate and complete transactions . A blockchain network can track orders, payments, accounts, production, and much more.
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New classifiers and patterns created by AI can be verified on a decentralized blockchain infrastructure and verify their authenticity . This can be used in any consumer-facing business, such as retail transactions.3 Kas 2021
Read moreWhat is AI IoT blockchain?
A possible connection between these technologies could be that IoT collects and provides data, blockchain offers the infrastructure and sets up the rules of engagement while AI optimizes processes and rules . By design, blockchain, IoT and AI are complements and can exploit their full potential if applied combined.
Read moreIs blockchain good for AI?
Security: With the implementation of AI, Blockchain technology becomes safer by making secure future application deployments . AI algorithms that are increasingly making decisions about whether financial transactions are fraudulent and should be blocked or investigated is a good example of it.
Read moreIs blockchain a type of AI?
Artificial intelligence refers to machines that are built to perform intelligent tasks that have traditionally been accomplished by humans. Blockchain is a decentralized network of computers that records and stores data to display a chronological series of events on a transparent and immutable ledger system .
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