Application of Blockchain in Artificial Intelligence

Abstract: Artificial intelligence (AI) refers to the simulation of human intelligence in machines designed in such a way that machines can think like humans and imitate their actions. It combines sub-fields for machine learning and in-depth learning, using data-trained AI algorithms to make predictions or categories, and become smarter over time. The benefits of AI include automated repetitive tasks, improved decision-making and better customer experience. Blockchain is a shared, unchanging platform that provides fast, shared and transparent data exchange at the same time across multiple groups as they begin and complete transactions. The blockchain network can track orders, payments, accounts, production, and more. Because members are allowed to share a common vision, they gain confidence and trust in their work and other businesses, as well as new efficiency and opportunities. AI can successfully mine with a large database and create new environments and discover patterns based on data behaviour. Blockchain helps to effectively remove bugs and counterfeit data sets. The two technologies complement each other as Blockchain can reduce the risk to AI, and AI can improve Blockchain performance. Much research is currently being done on the use of Blockchains to detect intelligent applications in key areas such as health care, finance, power, government, and defense.