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- 1 Blockchain provides secure and efficient data to parties.
- 2 It works neutral in the system of AI.
- 3 Blockchain tech is slowly changing the market’s function by providing a platform for information,transaction,trade and security of data without interference of third parties in the process.
The technology of blockchain is neutral in the system of artificial intelligence. This technology provides transparency in every sector where it has been used. Blockchain is used in many different sectors either in finance, Border control systems or in hospitals. Nowadays mostly people aren’t aware of this tech due to lack of understanding and skill and also because of different perceptions regarding the technology.
To understand whether the system can be completely neutral there is a project initiated by the Ben Goertzel [founder and CEO of singularityNET]
“Combining AI and Blockchain”
According to his point of view the concept of Complete objectivity is not that helpful to analyze the finite data system through the intelligence system.
Blockchain tech has many benefits as well as the limitation we have to understand it. As we know the blockchain is very complex in certain way and the users are rapidly increase and create nodes in the system as a result the system becomes more and more complex.It need very high energy as per study conducted in the University of Cambridge study, bitcoins consumes much more electricity then the whole nation.Each and every node of bitcoin requires approx 200 Gb storage.It create major problems if the there more blockchains in the world,it’s not the problem of one nation but the whole world.
The major problem of this technology is the permanent data which cant be deleted or modified. If any individual wants to clean its digital footwear it becomes a very difficult task. The information or data stored in a block after verification is closed and creates another block for storing the data.However it is the major benefit as well as the major problem of technology.
In this modern generation AI is the key part of the technology which is used in many sectors such as finance,market ,hospital or education.There are also very major flaws in AI is that data which does not provide accurate information. Artificial intelligence depends on data so it’s very critical that accurate data be added. False data could lead to unforeseeable consequences because over time, various institutions are going to incorporate AI, including education and health.
The technology of blockchain can be fair and make the AI system neutral by establishing any programme which can remove the data which can create bias. Blockchain tech helps in providing the history of information as well as transparency to AI.
Dan Peterson, chief operating officer of Blockchain network
In a statement to a crypto media agency, he said that it’s very difficult to ensure the fairness in the system and some AI metrics cannot be unbiased because there is no quantifiable line for when a data set loses neutrality.
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Nancy J. Allen is a crypto enthusiast, with a major in macroeconomics and minor in business statistics. She believes that cryptocurrencies inspire people to be their own banks, and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning. She frequently researches, and posts content on the top altcoins, their theoretical working principles and technical price predictions.
