The Future With Blockchain and AI

In today's world AI and blockchain are the two most innovative technology yet most of the people are not aware of, they are revolutionary technology themselves but when they mixed with each other we seen a more advanced and innovative technology have the potential to reshape every industry. Let's see what are the benifit of these tech and on where we can use it.

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Blockchain in short:- blockchain technology works as a ledger and the data stored in it is permanent which everyone can access but can't erase or alter, amazing is not it?

Artificial Intelligence in short:- in simple it is a program which can learn new things and improve itself from time to time, it is designed with complex algorithms which makes it possible, in more simple way it is the brain of the machines, which can function similarly as our brain.

Usecases of Both Blockchain and AI

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The both tech are game changing and can reshape the work of all types of industries with a much smarter and secure way by replacing the traditional methods. Some usecases are as follows:-

Enhanced secure database:- we all know that blockchain data is very secure and temper proof, and it can be used as the storage of data for AI which can give extra layer of security to the data it will access. As a result we will see the original or specific data for a certain topic without any changes to it.

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Supply chain management:- Getting products from a company to our doorstep involves a lots of steps like packaging, shipping, delivering etc. But sometimes these things are not transparent and companies tricked us. But if blockchain is used in it, it will helps us see and track everything clearly in this process, and AI will help in it by looking at all the info and finding possible problems within this whole process and make it smooth by removing those problems and adding better management.

Smart contracts and automation:- we all know that smart contracts are self executing contracts with previously defined set of rules, but if we add AI technology to it, it will execute with in more real time analysis, and it will be a more efficient and smart.

These are the some of the use cases I explained but both of the technology are still new and has many possibilities to be attached with every type of work sector and we will see that in future for sure.

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