Artificial Intelligence with Blockchain

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Artificial Intelligence with Blockchain

• www.osiztechnologies.com

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WHY DOES ARTIFICIAL INTELLIGENCE (AI) NEEDS
BLOCKCHAIN?

• Blockchain and Artificial Intelligence (AI) are
  the highly discussed technologies that capture
  the attention of every futuristic individual.
  Both technologies have their own perks and
  individual technical complexity, but the experts
  believe that combining both the technologies
  together will have a serious impact on the
  business world in the coming years. It has the
  capability to support businesses, start-ups, and
  entrepreneurs, with high profits through enhanced
  security, trust, and privacy. Now let us explore
  how the combined use of two technologies could
  significantly transform the techno world and
  digital business. 

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What is exactly AI?

• Artificial Intelligence (AI) is one of the
  concept of computer science which focuses on the
  development of intelligent machines that work and
  react as humans do. This amazing technology
  allows the machines to learn, analyze and make
  intelligent decisions similar to humans. This
  technology exists even before the invention of
  blockchain and is almost used by people
  everywhere in the world. But they were not aware
  of the fact that its name is AI. It is spread
  everywhere around us and makes everyones life
  and works more simple and easier.

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What is Blockchain?

• Blockchain is a technology that was initially
  developed to store and track the Bitcoin
  transactions among the users in a public ledger.
• the world was moving towards digitalization and
  people slowly started to realize the benefits of
  blockchain while few industries have integrated
  the technology into their business for various
  purposes like ownership tracking, digital trust,
  voting rights and more. The essential feature
  that enhanced the hype to the blockchain is
  decentralization, transparency, security,
  privacy, and immutability of data which is
  recorded and distributed to the connected node in
  the peer-to-peer network.

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Challenges and Threats of AI

• As how a coin has two sides, there is surely a
  positive and a negative side in everything
  present in the globe. Though AI has a promising
  future and gives exciting benefits to the digital
  environment, it is also a source of skepticism
  and has certain threats. 
• he mechanism of AI, why it is being processed and
  what it does is still a black box in the
  organizations. People unaware of the technology
  and fail to understand how the decisions are
  made.
• Provability is the mathematical certainty behind
  AI predictions, which stays at the darker side of
  the organization. Transparency is missing and
  hence there is no way to prove that the decisions
  made by the AI are right and clear. 

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• To keep the point precise, the challenges and
  threats of AI are as follows.
• Provability
• Data Security
• Privacy
• Algorithm bias
• Data Scarcity
• Transparency
• Blockchain Opportunities for AI Threats

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• AI and encryption become a perfect match as the
  data in blockchain are cryptographically secured.
  It becomes ideal for storing sensitive and
  personal data, which is used by AI to make a
  smart decision. The blockchain database stores
  data in an encrypted way, which can be unlocked
  only with a private key. Here, AI has an
  algorithm to work with the data even when it is
  in an encrypted state and make things more
  secure.
•  Intelligent decisions made by AI will be
  complicated and human fails to understand why a
  certain decision was made. Also, as there is a
  huge sum of data and decisions stored, it becomes
  a difficult task for a human to identify the
  performance of AI. If the decisions are recorded

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• on the blockchain, it becomes simple for humans
  to understand the decisions made by AI.
  Blockchain helps in tracking, understanding and
  explaining the smart decisions made by AI. 
• 1.Decentralization results in more data, and
  therefore enhance better business models.
• 2.Blockchain results in qualitatively new data,
  hence qualitatively new models improvized.
• 3.Allows the system to share the AI data,
  information models with control over
  accessibility.
• 4.Immutability results in provenance on
  training/testing data models, to improve the
  trustworthiness of the data models.

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• Use Cases-
• Healthcare Sector-
• The patients records can be stored in an
  encrypted way in the blockchain. It can be viewed
  by anyone from anywhere in the world and this
  helps the patient to get connected with the
  doctor or healthcare provider instantly.
• Here, if AI is integrated along with the system,
  the doctors can verify the scan reports and
  diagnose the patients health better. With
  blockchain, people can view the patients medical
  history along with scan reports and other
  diagnoses done through AI. This will surely help
  the patient with better treatment from their
  comfort place. 

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• E-Commerce Industry-
• Using AI, people get a recommendation for the
  most viewed products. But the most sensitive
  issue here is that the peoples personal
  information is stored in a centralized database,
  which is easy for hackers to hack.
• To secure sensitive and important data from
  hackers, blockchain can be integrated. Blockchain
  will store all the personal data of the customers
  in a decentralized database encrypted with
  private keys. AI can learn the data without
  decryption and this will secure the data from
  unauthorized users.

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Supply Chain-

• In the supply chain business, AI is used to
  manage inventory, track logistics and maintain
  the record. Since a lot of data is stored, it
  becomes difficult for humans to audit and track
  the products. Also, if any product is damaged
  when in transit, it is not possible to find who
  is the reason for the cause. If blockchain is
  integrated, the complete system becomes
  transparent and more secure. AI and Blockchain
  make the supply chain system more efficient and
  simple.

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• To conclude
• The possibility for the blockchain is not simply
  in recording transactions in public ledger, but
  also has the possibility to revolutionize AI
  technology. Blockchain could reshape the future
  of AI with decentralization, transparency,
  immutability, and security. Blockchain
  cryptographic algorithm makes the AI industries
  to combine with Blockchain.
• Osiz Technologies, a leading Blockchain Developmen
  t Company offers the best blockchain solutions to
  overcome the challenges in Artificial
  Intelligence (AI). Stay connected with our
  blockchain experts to avail customized solutions.
• If you have any further queries, feel free to
  contact our blockchain experts!
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