Blockchain And AI Combination: Your Talisman For Competitive Edge

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Blockchain And AI Combination Your
Talisman For Competitive Edge
Artificial Intelligence and Blockchain technology
have been the two most significant drivers of
technological innovation in recent times.
According to several predictions, AI will add
about 15 trillion to the world economy, and
blockchain will contribute over 3 trillion to
business valuations. Therefore, its anybodys
guess what a blockchain and AI combination can
achieve. Combining AI and Blockchain to Boost
Security AI hasnt got much use without data.
Algorithms require data for making decisions,
drawing conclusions, and delivering actionable
insights. The performance of AIs algorithms
relies heavily on the data quantity that it has.
That is why there is such demand for the
collection, storage, and analysis of data. Since
blockchain serves as a distributed ledger for
data storage and encryption, combining AI with
blockchain can go a long way in creating a secure
and decentralized database for highly sensitive
information for AI-driven systems to collect and
store.
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Preventing Monopoly Over AI Through Blockchain
Although a revolutionary technology, it can prove
dangerous if it lands up in the wrong hands.
There is no saying what would happen if a handful
of organizations come to control the majority of
the AI technologies. Innovators would have to
take their permission to use the technology.
However, blockchain analysis says that AI can be
made decentralized through blockchain. This would
prevent giant corporations from using algorithms
to eliminate competition.
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Ease of Doing Business for Unbanked
Entrepreneurs
In an era when something like the meetoo
movement becomes a global revolution, the absence
of women from the blockchain industry is
shocking. Sheryl Sandberg, the COO of Facebook,
had said famously that in the future, there
wouldnt be female leaders there would only be
leaders. If gender inequality in
the blockchain industry is to be indeed
eliminated, we need to believe in Sandbergs
vision from our core. The onus of creating
awareness on the need for greater women
representation is on journalists and
entrepreneurs. Established entrepreneurs can
pitch for greater inclusion of women in the
blockchain space. Established investors can hire
women blockchain advisors to send out a message.
Similarly, journalists can use the platforms at
their disposal to draw the worlds attention to
the inadequate women representation in the
industry.
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Conclusion
Some of the steps taken by women groups highlight
the incredible role that women have played in the
blockchain space. It shows that while many choose
to stay behind the curtains, some women have set
afoot on the global stage and are justifying
their participation with utmost confidence. Rest
assured, if this attitude and mindset continue to
propagate, gender inequality in the blockchain
industry would soon be a thing of the past.
Source
https//https//blog.cryptoknowmics.com/fixing-gen
der-inequality-in-the-blockchain-industry/
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