AI: the new blockbuster
Considering that AI is the new blockbuster and crypto outfit is out of date but Artificial Intelligence (AI) and Blockchain are two significant technologies that have been transforming various industries. When combined, they can offer even more potent solutions.
But first of all, we have to define IA and we have two main definitions and two principal paths: AI is a way to understand how human brain works and the other uses AI for developing the same cognitive ability of human mind, rather than just being trained to do a specific task.
We here are talking of AI as a software refers to the implementation of intelligent algorithms and methodologies that enable a computer system to mimic human intelligence. This includes learning from experience, understanding complex concepts, recognizing patterns, and making decisions.
AI software works on the principles of machine learning and deep learning.
- Machine learning is a subset of AI that uses statistical methods to enable machines to improve with experience.
- Deep learning, a subset of machine learning, uses neural networks with many layers (hence the 'deep' in deep learning) to analyse various factors of data.
AI software has a wide range of applications, including but not limited to: Predictive Analytics, Natural Language Processing; Image and Speech Recognition and in the near future can assist in diagnosing diseases, developing drugs, personalizing treatment plans, diving cars (more probably trucks) and more.
In summary, AI as a software represents a significant shift in the way computational tasks are approached and DLT technology.
Blockchain provides a secure, transparent, and immutable ledger system, which can be used to store data collected by AI systems. This can enhance the security and privacy of AI applications especially because AI systems often suffer from a lack of transparency, which can lead to trust issues.
It is the problem and the big value AI, arriving to unexpected results or arrive at a super-fast velocity, in both the case the mankind remains astonished … so put the data on the blockchain for a public scrutiny and everyone could go in deep. Blockchain can help to address this by providing a transparent record of all decisions made by an AI. This can help users understand how AI is making decisions.
Another point is about Data Monetization: AI needs vast amounts of data to function effectively, blockchain can enable secure data sharing and monetization, where individuals can sell their data in a secure and transparent manner but the main effect could be combining AI with Smart Contracts especially with advanced Smart Contract like DAOs.
AI can be used to enhance the functionality of blockchain's smart contracts making it more efficient and effective, most of use are using AI as a secretary, an assistant a researcher; a DAO could do the same but at the end the token holder decide and sometimes we will need a decision based on the value of the stake or sometimes based on individuals and this will be the future need of differentiate the human from the digital ... when needed.
In conclusion, the intersection of AI and blockchain holds immense potential. By combining the strengths of both technologies, we can create more secure, efficient, and transparent systems.