Intersecting with AI and IoT

The two other major technological buzz-phrases of the moment are AI and IoT. There are a number of ways that these technologies could overlap and intersect.

Blockchain-intersecting AI

Artificial intelligence requires a vast amount of data to be effective. This is part of why so many big companies are pursuing AI projects with such fervor. Larger companies have access to more data and are therefore able to produce superior AI results than companies that have less data. Thus, larger companies have a vast competitive advantage over small ones if they are able to leverage AI expertise effectively. Public blockchains remove this advantage because the same data is available to all. In this realm, smaller startups that are more nimble and have nothing to lose could leverage this public data to provide new services and offerings through proprietary or highly targeted offerings.

Similarly, it is expected that consortium blockchains will further strengthen incumbents who...