Technologies That Can Work Together for Positive Change: Artificial Intelligence and Blockchain

it is obvious that artificial intelligence and blockchain are two fantastic techs that are fast in innovation and smooth progress in every industry. Every tech has its degree of complexity in technicality as well as business implications but using both can be able to renew technology from the scratch.

I have been writing about artificial intelligence but recently when I was in a contest I realized it is been utilized on blockchain or rather blockchain can be of assistance to artificial intelligence while artificial intelligence can also be of help to blockchain.

HOW BLOCKCHAIN WORKS

Distributed immutable database that is secured shared by so many people in a distributed network where transaction can be accounted for either off-chain in cases of extra attachments or on-chain for basic information and it can be easily audited is know as a Blockchain

°°°A blockchain is a secure distributed immutable database shared by all parties in a distributed network.

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Stored information in a solid structure known as blocks that are connected together in a chain through a hash each of the blocks included timestamp and a link to a previous block via its hash. The blocks carried a header that includes Metadata and a content that include real transaction data.

Knowing that every block is connected to the previous block, as the database of participants increase and the block increases also it becomes harder to modify any information. a situation on steemit where people are complaining about bandwidth.
The network will be able to learn I date transaction through several mechanism but most I mean it uses either proof or state or proof of work.

A PROOF OF WORK known as “miners” to solve complex mathematical problems in order to add a block, which in turn require a ton of energy and hardware capacity to be decoded while A PROOF OF STAKE tries to solve this energy efficiency issue attributing (roughly) more mining power to participants who own more coin_source.

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Going to be writing about the potential reality of the coming together of artificial intellgience and blockchain as well as the challenges and benefits.

INTRODUCTION

Artificial intelligence, as used today is the theory and practice of building machines capable of performing that requires intelligence. Recently technologies trying to make this reality are neural networks and machine learning.
Blockchain is a filling system for information digitally, it stores data in an encrypted and ledger distributed format. Since data is encrypted and shared across many computers it enable creation of temper-proof, massive database which can read and update data with permissions.

HOW ARTIFICIAL INTELLIGENCE IS GOING TO CHANGE THE BLOCKCHAIN

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Blockchain has limitations which most of them are technology related and some are from old culture inherited from the financing sector but all of them can be affected by artificial intelligence one way or the other:

• SECURITY

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Hacking the blockchain appears almost impossible but it's layers and application are not really secured like but fine, the DAO etc. machine learning has made wonderful progress by making artificial intelligence fantastic for blockchain to guarantee secure application, gin the fixed structures if the system

• SCALABILITY

°°the growth of blockchain is moving at a steady pace of 1MB for every 10minutes and adds up to 85GB_source.

Satoshi 2008 was the first to mention blockchain pruning which means erasing unnecessary data about fully spend transactions in order to hold the entire blockchain on a single laptop. Now artificial intelligence has introduced decentralized learning system like federated learning i.e new data sharing techniques to make the system more efficient.

• EFFICIENCY

The total costs associated with validating and sharing transactions on blockchain to be $600million a year. Artificial intelligence system will be able to compute on the specific nodes to be the first performing a certain task, giving the possibility to other miners to shut down their efforts for that specific transaction and cut down the total costs. Transaction can be faster if there are few structural constraints like good efficiency and reduced energy consumption that may reduce the network latency

• HARDWARE

Mining has poured incredible amount of money into hardware components and also energy consumption is a key issue. Lots of solutions have been proposed and more to be introduced in the future. When the system becomes very efficient, some hardware might be converted (sometimes partially) for neural nets use.

• DATA GATES

Very soon all data will be available on the blockchain and firms will buy from us and also we will need help to track data usage, grant access and know what happens to our personal information. And this can be done with an intelligent machine.

• ENERGY CONSUMPTION

Mining requires a ton of energy as well as money. Artificial intelligence proves to be efficient in optimizating energy consumption, so putting such tech on the blockchain will produce r similar result as well and also can result to lower investments in mining.

HOW BLOCKCHAIN WILL AFFECT ARTIFICIAL INTELLIGENCE

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Now the opposite, what impact can the blockchain have concerning the recent developments of artificial intellgience(machine learning).

• INCREASE THE EFFECTIVENESS OF ARTIFICIAL INTELLIGENCE

Secure data sharing can be said to be more data as well as more training data, and then better actions, good model, good result and better new data. And all that matter is Network effect at the end of the day.

• ARTIFICIAL TRUST INCREASE

when tasks will be managed by autonomous virtual agents, a clear audit trail will assists bots to trust each other and humans to trust them. This will increase machin to machine interaction and transaction providing secure method to share date. Robust mechanism will also reach a quorum which is extremely relevant for swarm robotics and multiple agents scenarios

• HELPING ARTIFICIAL INTELLIGENCE TO EXPLAIN ITSELF AS WELL AS MAKING US BELIEVE IT

Explanation is a problem in artificial intelligence black-out. Having a clear audit on the system can increase the trust if the data and the models but it can also provide a clear path to trace machine decision process.

• LOWER THE MARKET BARRIERS TO ENTRY

Security is sure with blockchain technologies. Why would I not just store my data privately or probably sell it 🤷?

1. Blockchain can foster the creation of cleaner and a better organized personal data.
2. Blockchain allows the coming up if new marketplaces... a model marketplace is interesting, a data marketplace is a low hanging fruit and the artificial intelligence market_source.
   Moreso with data sharing and new marketplaces, in conjunction with blockchain data verification, it will provide a more fluid integration that can lower the barriers to entrance of smaller player and reduce competition advantages of technology... And this process will solve two problems which are efficient data mobilization and providing a wider data access.

CONCLUSION

Artificial intelligence and blockchain are extreme sides if technology spectrum whereby one is encouraging decentralized applications in an open state environment and the other is fostering contralized intelligence on close data platform.
Making both work together will be a positive result in a flash.

References

• Reference 1
• Reference 2

THANKS FOR READING