Businesses from various sectors are realizing the potential of combining AI (artificial intelligence) and blockchain. They are seeking AI and blockchain development services that can leverage AI to build transformative business solutions.
From the food supply chain and logistics and medical data sharing to financial services and media royalties, the convergence of blockchain and AI is playing a crucial role in improving processes.
A decentralised blockchain infrastructure can be used to authenticate new classifiers and patterns developed by AI. Blockchain infrastructure can be used to capture client data, which can subsequently be used to enable marketing automation with AI.
Converging AI and Blockchain
Augmentation
Authenticity
Automation
Projects in Blockchain Space Using AI
Indicator (GRT)
The Graph is a platform that indexes data from a variety of blockchains and is at the moment the biggest AI-powered cryptocurrency project by market cap. The platform makes greater use of artificial intelligence (AI) to retrieve and index this data, supporting the subsequent wave of decentralised apps (DApps).
Semiotic AI recently received a $60 million grant from The Graph, and as a result, it is now researching and developing ways to employ AI to improve The Graph’s functionality.
AGIX SingularityNET
One of the first initiatives to combine blockchain and AI technology is SingularityNet, which offers a decentralized platform for AI services. It enables end users to access and use AI services in a decentralized and secure environment while allowing AI developers and enterprises to monetize their algorithms and models.
(OCEAN) Ocean Protocol
A decentralized platform called Ocean Protocol makes it possible for machine learning and artificial intelligence (AI) applications to communicate data securely and transparently. It makes use of blockchain technology and smart contracts to give data providers a secure setting in which to monetize their data while still having control over how it is used.
AI and Blockchain Applications
Payment Applications
Markets for AI
Healthcare
Insurance
Manufacturing
Conclusion
We haven’t even scratched the surface of blockchain and AI’s potential. Each year, both technologies advance quickly. Subject matter specialists are constantly devising new ways to capitalise on their distinct advantages.
It may always seem premature to make predictions about blockchain and AI. But one thing is certain. These two technologies will continue to complement one another over time. They will not be moved.
For more information about how to make use of these two emerging technologies together, connect with our blockchain developers.
Hire Blockchain Development Company that offers transparent, secure, decentralized, and efficient solutions for trusted transactions, record-keeping, and data sharing, while reducing costs and eliminating intermediaries.
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