Are AI and blockchain a good match? While the two technological breakthroughs are still in their infancy, the combination may improve virtually every industry within which it is implemented.
insight into the workings of AI systems and the provenance of the data these platforms may be using. As a result, transactions can be facilitated with a high level of trust while maintaining solid data integrity. Not only that, but the use of blockchain systems to store and distribute AI-centric operational models can help in the creation of an audit trail, which in turn allows for enhanced data security.
“AI can help us to not just make the right decisions through a specific situation, but it can also provide predictive heads-up as it gets more trained and intelligent. However, blockchain as a framework is quite capable of being an information highway, provided scalability and throughput aspects are addressed as this technology matures.”
“The combination can help users capitalize on the best opportunities. What this really translates into is an ultra-low latency and ultra-low-cost solution to fragmented liquidity — a multitrillion-dollar problem that plagues the virtual assets market today.” In terms of the gap that exists between AI and its apparent lack of use cases, Sheikh believes that the dichotomy does not hold true since there are already many use cases for everyone to see. Fetch.ai, for example, has been building systems for deploying AI and blockchain within supply chain ecosystems, parking automation frameworks, decentralized finance and more. Fetch is also planning on releasing consumer-friendly AI applications starting in the United States in the near term.