Patent-pending AI + Blockchain Decentralized Data Intelligence Systems.
Two emerging technologies that are making the world different today are Artificial Intelligence (AI) and blockchain. AI assists machines with the learning process based on data and makes them make intelligent choices, whereas blockchain offers the secure and transparent means of information storage.
When the two technologies are put together, they form a combination that is even greater, which is decentralized data intelligence systems. This is an indication that there are systems that are able to analyze data without the need of having one central authority. By researching on this subject, I understood that the combination is the solution to numerous contemporary issues of trust, privacy, and data control.
With a normal system, there is only one location where data is stored, which in most cases happens to be under the management of a company or government. In case the place is hacked or manipulated, the entire system will be unsafe.
But blockchain helps in resolving this by distributing data to a large number of computers. The information does not belong to any individual or organization. It is common, open and secured. In such circumstances where AI works with such data, it can make more effective decisions since the data is more authoritative.
Data integrity is one of the greatest advantages of using AI in combination with blockchain. Artificial intelligence systems require accurate and high-quality data. In case of manipulation of the data, the AI model will generate incorrect results. The data recorded by blockchain can not be modified in the background. This provides a powerful and reliable basis to AI systems.
Privacy is another significant characteristic. The issue of privacy of their personal information is a matter of concern in most countries. During decentralized systems, a user is able to decide on what to share, the amount of share, and who shares it with.
The data can also be analyzed using AI, without revealing any personal information. I find this most helpful particularly in health care where patient information should remain confidential.
The blockchain systems are also smartened by AI. As an illustration, AI can identify suspicious transactions, minimize fraud, and streamline networks. AI can monitor the system in real-time and give prompt solutions instead of letting human beings detect issues. It is useful in the area of finance, supply chain, and even voting.
The integration of both technologies also helps in decentralized applications (dApps) which may learn, adapt and improve as time progresses. And these applications do not have to have a central owner, yet they do provide intelligent features, driven by AI.
To sum up, AI and blockchain are a combination that can make the system more powerful and safe as well as smarter in decisions and giving the user a greater control.
Due to the increasing technology, the concept of decentralized data intelligence will become significant in the way organizations and governments will be run. It is my opinion that this combination will determine the future of digital trust and innovation.