What will happen if AI combines with Blockchain?

Many people have probably heard or experienced ChatGPT, which is the most advanced AI technology. I believe everyone will definitely be amazed by its capabilities because ChatGPT can work like a personal assistant. Whether asking - answering questions Consulting, coding, and more are all available. It's called very versatile.

The advent of ChatGPT has made Artificial intelligence or AI technology become a buzz word. And the development of this technology is likely to be even faster. including integration with other technologies One of the technologies in which we can use AI together is Blockchain.

In this article, we take a look at how the blockchain technology behind cryptocurrencies is combined with AI. Complete with actual examples

What is AI?

AI or Artificial Intelligence, which can be translated into Thai as “Artificial Intelligence” is a technology that is designed to be able to learn, analyze, and solve problems by itself. It is like the human brain that was created using a computer mechanism.

With AI being a technology that is very suitable for repetitive tasks, humans can reduce the time spent on unnecessary work. and turn to focus on tasks that are complex or require more analytical thinking than before It also helps reduce costs for the organization.

when How will Blockchain be used in conjunction with AI?

First of all, let's review a little about Blockchain, which Blockchain is. The technology behind cryptocurrencies It is a decentralized database with high security and transparency. The real highlight of blockchain is Ability to cut out intermediaries from transactions This makes transactions via blockchain more transparent, low cost, and faster.

Many people when they see the word blockchain may think of its benefits in terms of finances. But in fact, blockchain can be applied to other industries as well, such as blockchain and cloud computing (Cloud Computing), which makes the cloud system more transparent and secure than ever before. or blockchain with the supply chain (Supply Chain) that makes it possible to transparently trace the origin and every step of the product, etc.

Here, let's see if AI is combined with Blockchain, what aspects of this technology can be developed? An article by IBM describes the benefits that will occur if blockchain is used in conjunction with AI as follows:

1.Data analysis AI can read, understand, and connect data at a faster speed than humans in many matters. Using AI together with blockchain is like bringing in advanced data analysis technology. When AI can access enormous amounts of data from both And outside of blockchain, AI will be able to analyze and provide better solutions.

2.Reliability of information That AI will be able to help humans work efficiently First of all, we must teach the AI ​​to think for itself. Therefore, the data used to teach AI is very important. And blockchain can increase the reliability of information. This is because information recorded on the blockchain cannot be retroactively altered and can be verified transparently. This means that everyone can verify the source of the data used to teach AI, which will make AI analysis more reliable.

3. Automation Many people have probably heard about smart contracts based on the blockchain. This is like writing a program on the blockchain to be able to be used in a wider variety of ways. And if AI is added, it will make the Smart Contract be able to do more work. For example, Smart Contracts related to currency exchange will have AI that can find The best price is given to users conveniently and quickly, etc.

Have a project What are some interesting things about Blockchain + AI?

There are now many organizations starting to use blockchain in combination with AI. We can study them to get a better picture of what other potential these technologies have. There are interesting examples as follows.

1.Fetch.ai

Fetch.ai is an AI-powered peer to peer protocol that acts as an operating system. The goal is to create a connected digital world. Computers can automatically interact, make decisions, and execute agreements in real time without the need for human intervention.

2.Vechain

VeChain is a blockchain platform that provides supply chain management solutions using blockchain technology combined with AI to enable inspection and tracking of various types of products ranging from food, pharmaceuticals, and industrial products. to luxury products

3.DeepBrain Chain

DeepBrain Chain is a decentralized AI network leveraging blockchain technology to support secure, private, and low-cost AI training. Its goal is to provide a decentralized marketplace for AI algorithms and data to enable organizations and individuals to buy and sell AI without middlemen.

conclude

Integrating AI with blockchain has benefits in terms of the reliability of the data that AI analyzes. The results obtained from AI analysis are therefore more reliable. In addition, using AI together with Smart Contracts on the blockchain also helps make Work processes can be more automated. And given the many benefits that AI can bring to blockchain and other technologies, AI is one of the most exciting technologies today.

refer Bitkub Blog, Buy Bitcoin Bank, Geeks for Geeks