AI and Blockchain emerges as the Future Tech CombinationBy CIOAdvisor Apac | Friday, April 19, 2019
The amalgam of the two revolutionaries, Blockchain and Artificial Intelligence (AI) brings in an array of technological innovations. Shaping the future of the world rising technologies have undoubtedly created a boom. The influential force behind the resonations caused in the IT parables, the combined effect of Blockchain and AI transforms the legacy of the tech-based industries. Rediscovering the potential of technology technologists are attempting to uncover the hibernating features of the emerging tech-driven insights.
Artificial Intelligence is a concept which takes the world towards inscribing machines with wisdom and power. Incorporating memory, interpretability, decision-making, and other such humanoid qualities, this technology envisions adding value to machine-intensive outcomes and taking them to the next level. Blockchain, on the other hand, is a technology which emerged with an initial intention of empowering cryptocurrencies. This Distributed Ledger Technology (DLT) features data security and transparency. Introducing an all-new way for data storage, Blockchain finds its importance in almost all the industrial sectors. The need to upgrade big data analytics fueled the idea of integrating the two distinct technologies.
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As data is the principal component of big data analytics, it becomes increasingly essential to unveil information correlations with the business actors and processes. While concepts of artificial intelligence offer smart and accurate data management capabilities like the acquisition of large amounts of data, analysis, and transformation, blockchain provides advanced functionalities to support data maintenance and retrieval. Following a structured and sophisticated ledger arrangement, blockchain encourages an enterprise to store substantial data modules in separate ledger compartments, each of which is identified by a unique ID. Intelligent hashing routines further enable precise data communications and information retrievals. This collaborative and decentralized approach has tremendously powered the industries.
The onset of the synergic impact of artificial intelligence and blockchain has been aiding enterprise data asset management. AI-Blockchain tech explosion is sure to unlock the revolutionized essence of technology.