Blockchain and AI are two of the most disruptive technologies available today. As these technologies continue to develop, whole industries will be transformed. However, a lack of access to open source projects can hinder the development and use of both AI and blockchain.
Data, one of the most important aspects of developing AI, must be collected to train these systems. This article will discuss the future of data processing in AI and how blockchain technologies can help bolster secure data storage and access to the technology.
Many consumers now possess an awareness of these technologies but are unclear how they will impact their lives in the near future.
THE EMERGENCE OF BLOCKCHAIN AND AI FOR SECURE DATA STORAGE
In order to understand how blockchain and AI can be leveraged for secure data storage, we first have to understand how blockchain works. Today, many people are most familiar with cryptocurrencies, which are one potential use-case for blockchain.
Essentially, cryptocurrencies, like Bitcoin, are stored on a secure public ledger. Many people are unsure whether or not Bitcoin is safe and secure, but 64% say Bitcoin is safe to buy, according to recent statistics.
Machines then work together to process transactions and verify the integrity of the entire ledger or blockchain. In short, a massive network of machines, working together, continuously verifies the accuracy and integrity of transactions, as they occur.
This means that the entire system itself is secure. Detractors of blockchain may argue that it is insecure because people lose Bitcoin or have it stolen. However, using safe options for storing your Bitcoin can help mitigate these types of problems.
In any case, blockchain technology represents a more secure method of storing data because the data is distributed across a network and is continuously verified by all the machines on the network.
DATA IS THE BACKBONE OF AI PROJECTS
The reason this type of storage is significant for AI is because AI systems depend on data in order to function properly. Most AI works through a process called machine learning. YouTube’s video curating algorithm is a great example of this.
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