How Can blockchain and AI Merge to Help Future?

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How Can blockchain and AI Merge to Help
Future? AI is simply put, the theory and practice
of building machines equipped for performing
assignments that appear to require knowledge.
Right now, the new technologies are hoping to
make this a reality to incorporate machine
learning, artificial neural system, and deep
learning.

• On the other hand, blockchain is basically
  another system for advanced data, which stores
  information in an encoded, distributed ledger
  format. As data is encrypted and distributed
  across different networks, it ensures
  tamper-proof, highly strong databases which can
  be worked on only with permission.
• From recent studies, we gathered three features
  which can provide you some insight.
• AI and encryption together can offer greater
  security
• Blockchain technology development comes with
  encryption which protects the data. And the
  Artificial Intelligence has plenty to bring in
  terms of security too. While the data are
  encrypted and stored over blockchain technology,
  AIs capability with the smart algorithm can
  protect the encrypted data even it is exposed.
  So, this means better data protection over cloud
  networks. Together AI and encryption offer
  greater security.

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• Blockchain can explain AIs decision
• AI algorithms can be used in making decisions
  about whether the financial transactions are
  corrupted and needs to be blocked. For example,
  Walmart is already using an AI system to store
  and check transactional data and to take
  decisions on what products should be stocked and
  where.
• Here, both blockchain and AI can work together
  for better tracking, understanding and
  explaining the overall journey. As blockchain
  helps in hassle-free monetary transactions
  without any middle-men, everything remains in the
  control of the enterprise.
• AI can manage blockchains more efficiently
• Operating blockchain data requires a large amount
  of computer processing power. In that case, AI
  can efficiently do that without human help. For
  example, during mining blocks on the Bitcoin
  blockchain, the hashing algorithm requires Brute
  Force approach to find the appropriate fits to
  verify the transaction.
• AI can help to skip this approach and manage the
  task more intelligently. A machine learning can
  learn the skills within very less time and can
  work as an expert code- breaker.
• It is evident that blockchain and AI will create
  sometimes great in the near future. Both have
  the capability to support each and help in
  increasing the efficiency of different
  industrial processes.
• Sphinx Solution is one of the top blockchain
  development companies in India. We are working
  on blockchain-based application development. The
  smart
• contract, cryptocurrency, hyper ledger, and much
  more recent on-demand software. Visit our page
  for more detail.

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