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Artificial Intelligence with Blockchain

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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. – PowerPoint PPT presentation

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Title: 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. 

3
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.

4
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. 

10
  • 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.

12
  • 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!
  • Call/Whatsapp  9489606634
  • E-mail  sales_at_osiztechnologies.com
  • Skype osiz.tech
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