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The combination of AI and blockchain can effectively improve machine learning capabilities and even create new smart products. The convergence of blockchain and artificial intelligence is inevitable because the two are closely related. Blockchain can safely store and share data or anything of value; AI can analyze data and gain insights from it to create value.
I. About Blockchain and AI.
Blockchain is a digital distributed ledger that can record not only economic transactions but also almost anything of value. A key feature of the blockchain is that it allows unrelated parties to conduct transactions and share data on a common ledger, and to use encryption and consensus mechanisms for verification. This eliminates the need for participants to trust each other or rely on third parties for transactions.
Blockchain uses cryptography to ensure that data, transactions, and identity reach:
- Integrity, safe and irreversible record.
- Passing trust, verified while maintaining privacy, participants can verify the accuracy of the data without having to look at the data, just see what they are authorized to see.
- Easy to share, so everyone in the blockchain network has the same copy as the entire ledger, and it can also be updated in a…
