Blockchain and AI

AI is a field of computer science that endeavors to build intelligent agents that can make rational decisions based on the scenarios and environment that they observe around them. Machine learning plays a vital role in AI technology by making use of raw data as a learning resource. A key requirement in AI-based systems is the availability of authentic data that can be used for machine learning and model building. Therefore, the explosion of data coming out of IoT devices, smartphones, and other means of data acquisition means that AI and machine learning is becoming more and more powerful. There is, however, a requirement for data authenticity, which is where the convergence with the blockchain comes in. Once consumers, producers, and other entities are on a blockchain, the data that is generated as a result of interaction between these entities can be readily used as input for machine learning engines with a guarantee of authenticity.

The convergence of the...