Accelerated Advances: How Blockchain Technology Is Changing The Game For Artificial Intelligence

Ask nearly anyone what the technology of the future will look like, and two words are likely to come to mind: AI and blockchain. These two advances have the potential to dramatically change our way of life. The former processes information as efficiently as the human mind, while the latter allows us to store data more securely and conveniently than ever before. Together, these technologies are allowing us to process information, do business, and communicate on an unprecedented level.

If you really want to understand how blockchain and AI are changing the game, you need to pay attention to how these technologies are working together. In particular, look at how blockchain storage is making it easier and more effective to use artificial intelligence. This innovative storage technology is helping us store and exchange data and services for AI devices, making artificial intelligence more affordable and accessible for all of humanity.

An Intro to Blockchain & Artificial Intelligence

Before you understand how blockchain and artificial intelligence are working together, you need to familiarize yourself with both technologies. Artificial intelligence is a way of making computers as efficient and powerful as the human brain. Until now, computers have processed information in a linear way by first retrieving data, then interpreting it, and finally giving a result. But your brain doesn’t work like that. Instead, you have lots of neurons interpreting different types of information at the same time, and the more often two neurons work on their tasks simultaneously, the more closely they become linked. This process is much more efficient than linear computing, so AI is all about creating machines that can interpret information this way.

If AI is about finding better ways to interpret data, blockchain technology means developing better ways to store it. A blockchain is a chain made up of pieces of information that are linked to each other. If any part of the chain is changed, all the other pieces of data have to be changed in the same way. Blockchains are also spread out across multiple different servers instead of being stored in a single location, further complicating the efforts of anyone who would want to steal or monitor the data stored inside. If someone with malicious intent tries to access or change the ledger, they’d only be able to change that once piece of data, not the data on every machine. This makes it effectively impossible for thieves and hackers to steal or alter data. Thanks to these features, blockchain technology is ideal for the creation of cryptocurrencies and other applications that require precise, secure data storage methods.

How Blockchain is Bringing Us to an AI Revolution

Now that you know exactly what blockchain and AI are, you can get a sense of how they work together. Blockchain technology opens the door to a wide range of different applications that can be used to speed up the development of AI and use it more effectively once developed. This is because it can help us exchange data more easily, so that we never lack the information and algorithms we need to use it.

Whenever someone wants to use an AI device for a new purpose, they have to train it for this purpose with a dataset. Blockchain technology provides a convenient way to store this data. When you store your dataset in a blockchain, you can be confident that it will remain secure and unaltered for as long as you need it. Likewise, if you purchase a dataset from someone else that is stored in a blockchain, you know that it has not been tampered with after that person stored it.

Even if you plan to assemble new datasets for AI, blockchain technology can still help you. No matter how much you know about computing, it’s virtually guaranteed that you can’t put together a dataset on your own, at least for more complex AI applications. The process is just too complicated and difficult, requiring skilled experts to work together over a long period of time. And because there aren’t many AI experts in the current market, you may not be able to hire one full-time, so you’ll have to work with them remotely instead. Blockchain is the key to developing a number of tools that help you purchase dataset construction and other AI services remotely, including:

  • Smart Contracts– Smart contracts are agreements that use the blockchain to enforce themselves. These contracts make it easier for AI experts to do business with your company securely and confidently. Say that an AI developer is making a dataset for you; once they finish the dataset and send it to you, the contract will automatically send the agreed-upon payments to them. Knowing that they can rely on these contracts, AI specialists will be more willing to sell you their services, so that you can more easily get your hands on the data and algorithms you need.
  • Cryptocurrencies– Blockchains are the key to developing viable digital currencies, as they can contain instructions on how much of a currency to release at a given time, thereby regulating its value. Cryptocurrencies provide a convenient way to reward those who develop AI algorithms, datasets, and other essential tools. They also provide a useful medium of exchange between companies and AI specialists.
  • Decision Tracking– AI devices often make decisions that are hard for us to understand. But with blockchain technology, we can track the entire process that artificial minds use to make decisions. This will make it easier for us to evaluate those decisions for accuracy and make sure that a particular AI application is actually doing what we want it to.

Imaginea.ai develops smart contracts, dataset tools, and a variety of other blockchain applications to aid the development and use of AI. For more information on these and other advanced technologies, or for more information on our upcoming Security Token Offering, visit our website today.