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Why Infusing Blockchain Technology Into AI is Presenting Unique Growth Opportunities

By   /  July 3, 2018  /  No Comments

According to a recent press release, “Artificial Intelligence (AI) companies present unique growth opportunities as AI is clearly becoming an important piece of everyday life. AI in practical terms has become the theory and practice of building machines, applications and devices capable of performing tasks that seem to require intelligence. Innovative and cutting-edge technologies striving to make this a reality include machine learning, artificial neural networks and deep learning. Raising expectations of AI of late is incorporating blockchain technology which is essentially a new filing system for digital information that stores data in an encrypted, distributed ledger format. Because data is encrypted and distributed across many different computers, it enables the creation of tamper-proof, highly robust databases which can be read and updated only by those with permission.”

The release goes on, “An emerging field of AI is concerned with building algorithms which are capable of working with (processing, or operating with) data while it is still in an encrypted state. As any part of a data process which involves exposing unencrypted data represents a security risk, reducing these incidents could help to make things much safer and are expected to increasingly be used in making decisions about whether financial transactions are fraudulent, and should be blocked or investigated. Active tech companies in the markets this week include Gopher Protocol Inc., Micron Technology, Inc., Pareteum Corporation, International Business Machines Corporation, NVIDIA Corporation.”

Read more at PR Newswire.

Photo credit: MarketNewsUpdates.com

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