Someone once told that blockchain technology is not going to catch up in the future. Well, there is the comprehension of how wrong this critic has turned out to be. Blockchain technology has taken on the world and has now become one of the most important tools. It can support network-based information storage. It is serving the purpose that it was initiated for and going beyond as well. People can store information and encrypt it in the network. Apart from the owner of the data, no one can access the information stored on a block in the network. Apart from that, the blockchain technology training programs have started as well. Companies like the blockchain council have courses that teach about this technology and its implications across fields.
One such application or integration of blockchain technology is with artificial intelligence. Researchers and developers have been working to incorporate the use of blockchain with AI. Examples like autonomous smart contracts and improved data analysis can be taken to begin with. The security provided by blockchain technology combined with the adaptability and self-learning of AI can have enormous applications globally. Some of the companies have even started their training and beta programs for testing out the possibilities in this field. People who are interested in blockchain development can also get AI certification for the integration part. That will not only boost their careers but also help them explore the possibilities.
Let us also take a hint and have a go at what future AI and blockchain technology hold together. We will go through the basics of both AI and blockchain and then depart into understanding their future together as well.
What is Blockchain Technology?
Blockchain technology is the name given to the whole set of information-storing networks. Blockchain is generally the term that is thrown around in the world. It is a whole database that stores information as per the historical facts and the initial design of the model. The model that it makes use of trains the whole network to store information as per the user requirements. The network does not allow any outsiders to access the information stored in it. The encryption technology used by it makes sure that the user data is not accessible to anyone apart from them. The information is stored in the form of strings of data. As the name suggests, information is connected through blocks and each block has its transactional information. So, blockchain technology is information storage tech that is highly secure, sharable, and can be accessed from anywhere in the world. With the help of proper Blockchain technology training, people are even looking at taking it up for their future.
What is Artificial Intelligence?
When you combine robust computing power with loads of data, the output is what we call artificial intelligence in loose terms. You might not be seeing very much intelligence in this. But hold on, let us explain it further for you to cope with this information. Artificial intelligence stands for the usage of computing power to process, analyze, and output using the information added to the system. Companies have been making use of artificial intelligence at the base level for years. One example can be taken from the Netflix search option. The AI keeps suggesting shows and movies based on the personal preferences of the users. Also, you only need to type the initial characters of the show name to get it in suggestions based on your likes. Similarly, google maps make use of AI to calculate the best route for a user according to their driving history.
In the modern era, AI chatbots have also become quite famous. The use of chatGPT is one such example of AI being implemented at higher levels as well. Now you must be wondering how blockchain technology and artificial intelligence go hand in hand. So let us also take a look at all the emerging techs that are made out of using these two together.
Decentralized Finance
You might have at least heard of this term if you have been following blockchain technology. It is a breakthrough to completely change the current banking system. It is a financial model with no central authority to control or charge the people for sending and receiving money. The sender and receiver would be connected through a blockchain. They can direct transactions to one another’s accounts through this encrypted and secure network. With the help of artificial intelligence, these transactions can be further improved as well. It can analyze market trends, predict the prices of cryptocurrencies, and even identify potential risks. One important help that AI can provide is in creating tactical strategies for investments as well. So, DeFi is one sector where blockchain technology training and AI certification can help individuals.
Copyrights and Patent Protection
Directly loading all the intellectual property information on a blockchain can be useful for people. The addition of AI to this model can further help identify any kind of intellectual property theft. Moreover, it would also help in reducing the time to file for patents and get copyrights over intellectual properties. This model would be interconnected and the AI algorithm would conduct checks for any kind of infringements. Through this collaboration, owners can file for intellectual property rights and safeguard them very easily.
Cyber Security
Blockchain technology already provides a tamper-free network for people. It can be used to make sure that all the data and properties on the network are safe. No third party can enter the network without the approval of at least fifty-one percent of the participants. Moreover, no data can be altered that has already been added to the blockchain. Now, AI can detect the traffic on the network and predict mass threats on the network. With the help of AI and blockchain technology, cyber security can be taken to the very next level. It will allow people to have control of their data and unlike web 2.0, it will not be sold without coming in notice.
Conclusion
We have explored what blockchain technology and artificial intelligence are. You now also know the most impactful use case of both these technologies together as of now. The near future suggests that these use cases will be the ones coming up for sure. There are several other uses as well that will be developed as people take an interest in the field. If you wish to take up a career in this field, then getting a proper AI certification and Blockchain certification in India will be great. These will help you get a career in the country and also in tech giants abroad. Companies like the blockchain council are already providing blockchain technology training and AI certification courses. Taking up such self-paced courses will help you get a lot of benefits for your career. Now, it is all in the hands of the tech developers as AI and Blockchain development have a lot of potential. Let us see where they can go together.
