• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Articles
  • News
  • Events
  • Advertize
  • Jobs
  • Courses
  • Contact
  • (0)
  • LoginRegister
    • Facebook
    • LinkedIn
    • RSS
      Articles
      News
      Events
      Job Posts
    • Twitter
Datafloq

Datafloq

Data and Technology Insights

  • Categories
    • Big Data
    • Blockchain
    • Cloud
    • Internet Of Things
    • Metaverse
    • Robotics
    • Cybersecurity
    • Startups
    • Strategy
    • Technical
  • Big Data
  • Blockchain
  • Cloud
  • Metaverse
  • Internet Of Things
  • Robotics
  • Cybersecurity
  • Startups
  • Strategy
  • Technical

How Blockchain Improves Trust in AI

Aleksandra Arsic / 2 min read.
September 16, 2021
Datafloq AI Score
×

Datafloq AI Score: 48

Datafloq enables anyone to contribute articles, but we value high-quality content. This means that we do not accept SEO link building content, spammy articles, clickbait, articles written by bots and especially not misinformation. Therefore, we have developed an AI, built using multiple built open-source and proprietary tools to instantly define whether an article is written by a human or a bot and determine the level of bias, objectivity, whether it is fact-based or not, sentiment and overall quality.

Articles published on Datafloq need to have a minimum AI score of 60% and we provide this graph to give more detailed information on how we rate this article. Please note that this is a work in progress and if you have any suggestions, feel free to contact us.

floq.to/5vorr

Blockchain and artificial intelligence or AI are reshaping all aspects of our daily lives. Both technologies influence the way we work, travel, and spend our free time. And even though we may not always be aware of its impact, the pair is powering innovation across a broad range of industries.

That said, these are challenging technologies to adopt and implement. But that won’t do anything to prevent the merger between AI and blockchain, which is revolutionizing everything from finance and energy to healthcare and real estate. Moreover, the dual technologies are paving the way for new business models, especially when combined with another megatrend reshaping our world – IoT.

Businesses that employ AI-based technology are able to process massive amounts of data. AI acts like a human brain but is more sophisticated and faster. Today, AI is used in many businesses and serves different purposes. Some of the more prominent examples include chatbots or smart assistants (Siri and Alexa).

But there are some downsides. AI technologies are centralized, meaning that end-users are at the mercy of giant corporations like Amazon, Apple, and Google and need to trust the companies not to take advantage of their data.

Unlike AI, blockchain is a decentralized ledger that keeps records of data that can’t be changed manually. Blockchain technology doesn’t allow any kind of data manipulation, like editing or accessing data by multiple authorities. This is why blockchain is widely used in the field of cybersecurity, for online transactions, and many other industries focused on ensuring data privacy.

When combined with AI technologies, blockchain injects the desperately needed element of trust for end-users. AI has three important parts – data, model, and analytics. By decentralizing all three components with the support of blockchain, AI-based businesses are able to offer their customers more transparency and accuracy in terms of results.


Interested in what the future will bring? Download our 2023 Technology Trends eBook for free.

Consent

AI-based businesses are capable of analyzing a large amount of both structured and unstructured data. This is one of the main reasons why many industries and companies of all sizes adopt AI technology. However, the accuracy of the decisions made based on the AI-implemented technologies requires scrutiny. Enter blockchain.


In short, blockchain implementation in AI technologies ensures transparency, enhances the decision-making process, improves accessibility, and advances smart contracts.

Other notable benefits to businesses that stem from the co-evolution of these technologies include the reduction of potential risks and ensuring that data can’t be edited and filtered virtually.

In the near future, the merger of AI and blockchain is expected to expand further, along with their implementation in different businesses together with IoT. According to expert predictions, these technologies will continue to act as a major contributor to ensuring the quality, accuracy, and privacy of data.

Categories: Artificial Intelligence, Blockchain
Tags: Artificial Intelligence, blockchain, business, cryptocurrency, IoT

About Aleksandra Arsic

Aleksandra Arsic is a Content Specialist. She's a bitcoin and blockchain technology research author, with a background in economics. Other areas of focus include growth in marketing, IT, and e-commerce.

Primary Sidebar

E-mail Newsletter

Sign up to receive email updates daily and to hear what's going on with us!

Publish
AN Article
Submit
a press release
List
AN Event
Create
A Job Post

Related Articles

How to Validate OpenAI GPT Model Performance with Text Summarization (Part 1)

March 29, 2023 By mark

Big Data & AI World, Singapore

March 29, 2023 By r.chan

Velocity Data and Analytics Summit, UAE

March 29, 2023 By shiwangi-7725

Related Jobs

  • Software Engineer | South Yorkshire, GB - February 07, 2023
  • Software Engineer with C# .net Investment House | London, GB - February 07, 2023
  • Senior Java Developer | London, GB - February 07, 2023
  • Software Engineer – Growing Digital Media Company | London, GB - February 07, 2023
  • LBG Returners – Senior Data Analyst | Chester Moor, GB - February 07, 2023
More Jobs

Tags

AI Amazon analysis analytics application applications Artificial Intelligence BI Big Data business China Cloud Companies company costs crypto Data design development digital engineer environment experience future Google+ government Group health information learning machine learning market mobile news public research security services share skills social social media software strategy technology

Related Events

  • 6th Middle East Banking AI & Analytics Summit 2023 | Riyadh, Saudi Arabia - May 10, 2023
  • Data Science Salon NYC: AI & Machine Learning in Finance & Technology | The Theater Center - December 7, 2022
  • Big Data LDN 2023 | Olympia London - September 20, 2023
More events

Related Online Courses

  • Big Data & AI World, Singapore
  • Velocity Data and Analytics Summit, UAE
  • Creating a Differential Competitive Advantage -Jagdish Sheth
More courses

Footer


Datafloq is the one-stop source for big data, blockchain and artificial intelligence. We offer information, insights and opportunities to drive innovation with emerging technologies.

  • Facebook
  • LinkedIn
  • RSS
  • Twitter

Recent

  • 12 Data Quality Metrics That ACTUALLY Matter
  • How to Build Microservices with Node.js
  • How to Validate OpenAI GPT Model Performance with Text Summarization (Part 1)
  • What is Enterprise Application Integration (EAI), and How Should Your Company Approach It?
  • 5 Best Data Engineering Projects & Ideas for Beginners

Search

Tags

AI Amazon analysis analytics application applications Artificial Intelligence BI Big Data business China Cloud Companies company costs crypto Data design development digital engineer environment experience future Google+ government Group health information learning machine learning market mobile news public research security services share skills social social media software strategy technology

Copyright © 2023 Datafloq
HTML Sitemap| Privacy| Terms| Cookies

  • Facebook
  • Twitter
  • LinkedIn
  • WhatsApp

In order to optimize the website and to continuously improve Datafloq, we use cookies. For more information click here.

settings

Dear visitor,
Thank you for visiting Datafloq. If you find our content interesting, please subscribe to our weekly newsletter:

Did you know that you can publish job posts for free on Datafloq? You can start immediately and find the best candidates for free! Click here to get started.

Not Now Subscribe

Thanks for visiting Datafloq
If you enjoyed our content on emerging technologies, why not subscribe to our weekly newsletter to receive the latest news straight into your mailbox?

Subscribe

No thanks

Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.

Necessary Cookies

Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.

If you disable this cookie, we will not be able to save your preferences. This means that every time you visit this website you will need to enable or disable cookies again.

Marketing cookies

This website uses Google Analytics to collect anonymous information such as the number of visitors to the site, and the most popular pages.

Keeping this cookie enabled helps us to improve our website.

Please enable Strictly Necessary Cookies first so that we can save your preferences!