The combination of blockchain and AI is nothing short of a fantastic duo. However, when you count IoT into the mixture, the possibilities are simply mind-boggling. In this day and age, where data reigns as a primary currency and trust is a valuable commodity, blockchain technology emerges as a vital player. It plays the role of a missing piece in the puzzle. It helps seamlessly integrate AI, IoT, and cloud computing. Intrigued? Now, let us delve deeper into the blog and explore how this technological trinity works its magic.
𝐓𝐡𝐞 𝐓𝐫𝐮𝐬𝐭 𝐂𝐡𝐚𝐥𝐥𝐞𝐧𝐠𝐞 𝐈𝐧 𝐀𝐈, 𝐈𝐨𝐓, 𝐀𝐧𝐝 𝐂𝐥𝐨𝐮𝐝 𝐂𝐨𝐦𝐩𝐮𝐭𝐢𝐧𝐠
From smart cities to manufacturing and healthcare, the mix of AI, IoT, and Cloud computing has opened new possibilities. But there are significant challenges, particularly around trust. With centralized authorities responsible for AI, users must place extreme faith in them to produce trustworthy business outcomes. With blockchain integration, the trust and confidence needed for end-users to adopt and rely on AI-based business processes can be delivered.
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𝐁𝐥𝐨𝐜𝐤𝐜𝐡𝐚𝐢𝐧 𝐄𝐧𝐫𝐢𝐜𝐡𝐞𝐬 𝐀𝐈
The three primary components of AI, data, models, and analytics, are centralized processes, making it challenging to establish trust among cautious users. Blockchain can decentralize these components, which will provide the necessary trust and confidence to end-users. The blockchain ledger can function as a digital rights management system, storing access management systems and permissions for a business to access and use user data.
𝐓𝐡𝐞 𝐑𝐨𝐥𝐞 𝐎𝐟 𝐁𝐥𝐨𝐜𝐤𝐜𝐡𝐚𝐢𝐧 𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐲 𝐈𝐧 𝐒𝐞𝐜𝐮𝐫𝐞 𝐃𝐚𝐭𝐚 𝐒𝐡𝐚𝐫𝐢𝐧𝐠
Do you think data sharing between devices in the IoT ecosystem is safe today? Not precisely, isn’t it? No worries, blockchain can encrypt data with cryptography keys that will be accessed only by authorized devices. So this will ensure a secure and transparent way of sharing data.
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𝐏𝐫𝐨𝐯𝐞𝐧𝐚𝐧𝐜𝐞 𝐎𝐟 𝐓𝐫𝐚𝐢𝐧𝐢𝐧𝐠 𝐌𝐨𝐝𝐞𝐥𝐬 𝐅𝐨𝐫 𝐌𝐚𝐜𝐡𝐢𝐧𝐞 𝐋𝐞𝐚𝐫𝐧𝐢𝐧𝐠
With blockchain technology, the provenance of training data for machine learning and an audit trail of the evidence that led to the prediction can be tracked. This can help businesses prove that they are not juicing up their books by tagging fruits more often as apples, for example, if that is the more expensive of the two fruits.
𝐂𝐨𝐦𝐩𝐥𝐢𝐚𝐧𝐜𝐞 𝐖𝐢𝐭𝐡 𝐆𝐃𝐏𝐑
The General Data Protection Regulation (GDPR) requires that any decision made by a machine be explainable, with fines that could cost companies billions of dollars. Blockchain can provide an immutable audit trail of transactions that can help companies show how their algorithms arrived at a particular decision, ensuring that they are compliant with GDPR.
𝑪𝒍𝒐𝒔𝒊𝒏𝒈 𝑾𝒐𝒓𝒅𝒔
Can you picture a world where a machine can communicate with each other, share data and make decisions on it? Sounds like something straight out of a sci-fi movie, isn’t it? But, hold on, how can we ensure that the shared data is secure and trustworthy? Fear not, gentlemen, for the blockchain is here to save the day! With its unmatched ability to safeguard data, your precious information is in safe hands. So sit back, relax, and let the blockchain work its magic.
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