🤖Why are we combining blockchain with AI ?

Blockchain and Artificial Intelligence (AI) are two of the most revolutionary technologies of our era. Both of these technologies have the potential to dramatically transform our lives and our workplace, and they are already having a meaningful impact on a variety of industries.

Blockchain is a digital ledger of transactions, which is decentralized and distributed across a network of computers. It is the technology behind digital currencies such as Bitcoin, but it has many other potential applications beyond finance.

For example, it can be utilised to create records of voting, medical records, and supply chain management, which are incredibly difficult to tamper with or alter. The key advantage of blockchain technology is its capacity to provide a secure and transparent layer of protection. All the data stored on a blockchain is encrypted and disbursed, making it quite hard for malicious entities to meddle or change it.

Moreover, all the transactions are documented on the blockchain and can be seen by all participants of the network, thus further increasing transparency.

AI is a set of technologies and techniques that allow machines to learn, to reason and to make decisions, mimicking the way the human brain works.

It has many applications, such as natural language processing, computer vision and predictive analytics, which could make many processes more efficient and analyze large amounts of data.

Blockchain and AI have the potential to transform many industries and create new opportunities, such as autonomous systems that can make decisions and carry out transactions without human intervention.

Therefore, combining the two technologies could potentially lead to many new developments that would greatly benefit society.