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Blockchain allows for the creation of completely secure databases that can be accessed by parties who have been authorized to do so. Combining blockchain with AI results in a backup system for the sensitive and valuable personal data of individuals
Fremont, CA: Blockchain is a decentralized, immutable, and distributed ledger used to store encrypted data. While AI is the brain that allows analytics and decision-making from the data gathered. Both technologies have their unique level of complexity, but both can help and benefit from each other.
Integrating machine learning and AI into the blockchain can improve blockchain's underlying architecture and increase AI's potential. Also, blockchain can make AI more comprehensible and help track and establish how machine learning decisions are made. Blockchain and ledger can document all data and variables that go through decision-making under machine learning.
Monetizing through collected data is a significant revenue source for large companies. Blockchain enables users to cryptographically protect data and have it used how they deem fit. It also allows them to monetize data if they want without compromising their personal information.
For AI algorithms to learn and develop, AI networks will need to buy directly from their creators through data marketplaces, making the whole process fairer without tech giants taking advantage of its users' data.
Blockchain allows for the creation of completely secure databases that can be accessed by parties who have been authorized to do so—combining blockchain with AI results in a backup system for the sensitive and valuable personal data of individuals.
AI integrated with big data along with security provided by blockchain technology develops the optimal combination for the management of an extensive database.
Medical and financial data are extremely sensitive to be transferred to a company and its algorithms. By storing this data on a blockchain that can be accessed by an authorized AI and has undergone proper procedures, it can provide significant benefits of personalized recommendations while securely storing the sensitive data.