Merging blockchain and AI eliminates monopolies because decentralization allows for AI to be autonomous and independent from corporations.
It increases safety and security thanks to AI’s ability to operate with encrypted data through blockchain. And it promotes research and innovation into AI – often considered a controversial and intimidating investment.
The convergence of the two technologies is a natural step that can lead to unprecedented modernization and progress, enabling users to process and perform analytics or decision-making on trusted, digitally signed, and secure shared data that has been transacted and stored in a distributed and decentralized fashion, without relying on trusted third parties or intermediaries.
Working in blockchain, smart contract-based autonomous systems and machines can learn and adapt to changes over time, and make trusted and accurate decision outcomes, verified and validated by all mining nodes. Such decisions cannot be refuted, and may be traced, tracked and verified by all participating entities.
The consolidation of AI and blockchain has the potential to create secure, immutable, decentralized systems for the highly sensitive information that AI-driven systems must collect, store, and utilize. This concept results in significant improvements in data and information security.