The most powerful emerging technologies of this decade are forming a strong link between each other. Now we can find which these two technologies are, on one side it is Artificial intelligence or known in the pet name AI, the data-hungry machine which is and will soon replace humans and on the other side it is blockchain, the chain of information.
While looking into the link between Artificial Intelligence and blockchains, AI solutions will soon run on blockchains which will increase the machine learning capability and also helps in creating a new financial product to the world. The link between Artificial Intelligence and blockchains is inevitable because as we all know these two deal with data and value. Blockchain, which is a chain of information enables secure storage and sharing of data or anything of value. Artificial Intelligence can analyze and generate information from data to generate value.
Now we can have a look into two areas where blockchain and AI can be linked. First, we can look at how machine learning models can be improved on blockchains. This will be made possible shortly as Microsoft already started working on it. Researchers at Microsoft are working to improve machine learning models hosted on public blockchains. Microsoft is trying to make AI decentralized and collaborative using blockchain. So that people can easily and cost-effectively run advanced machine learning models on equipment that are used daily like laptops and mobiles etc. and collectively contribute and improve machine learning models.
Microsoft is developing a decentralized Artificial Intelligence model on the blockchain, which enable the AI community to train models and build datasets on public blockchains. So that individuals can use the machine learning models for free of cost. Many applications use virtual assistants or recommender systems. This can be seen in Netflix which uses to recommend shows.
Second is about how Artificial intelligence can autonomously create and trade new financial instruments over blockchains. Blockchain is already famous for its services in the financial sector and cryptocurrencies like bitcoin and Ethereum. And by linking AI to it will provide a great experience to the financial enthusiastic experts.
