You're reading from Practical Artificial Intelligence and Blockchain

Product typeBook

Published inJul 2020

PublisherPackt

ISBN-139781838822293

Edition1st Edition

Tools

Blockchain

Concepts

Blockchain

Author (1)

Ganesh Prasad Kumble

Empowering Blockchain Using AI

"Combining trust and intelligence for a better internet era"

This chapter explores multiple approaches and design patterns that are used to elevate the quality of blockchain solutions by leveraging artificial intelligence (AI) models and techniques. You will see how AI is applied along with blockchain across multiple verticals. Also, you will be able to identify white spaces, address them with guided approaches, and design solutions by using blockchain and AI. In this chapter, we will cover the following topics:

The benefits of combining blockchain and AI
About Aicumen Technologies
Combining blockchain and AI in pandemic management
Combining blockchain and AI in social finance
Combining blockchain and AI to humanize digital interactions
The democratization of AI with decentralization

The benefits of combining blockchain and AI

Simply put, the business benefit of using AI is the reduction of costs, and the business benefit of using blockchain is that transparency is enabled in processes. When both technologies are used together, you can apply a new class of solutions to a wide variety of problems in today's world that lack transparency and cost efficiency. In the following sections, we will observe products and solutions that use blockchain and AI together to solve real-world challenges. I would consider the following products and solutions the first generation of applications that use both technologies; there's probably more to come in the next wave of digital transformation.

About Aicumen Technologies

Aicumen Technologies (www.aicumen.com) is a leading digital innovation studio with a vision to empower value creation in the digital economy by building trusted Decentralized Intelligent Applications (DIApps) using blockchain and AI, and was established in...

Summary

In this chapter, we have looked at how applications are empowered using blockchain and AI techniques. You have been introduced to Aicumen Technologies, which was one of the first companies to work on innovative solutions to problems using blockchain and AI. You have been introduced to challenges in several domains, such as pandemic management, social financing, and humanizing digital interactions on the internet. We have also covered applications that address some of these problems using blockchain and AI. You have been introduced to the concept of the Turing test and its application in testing chatbots. You have also been able to see the application of blockchain in the chatbot testing framework TEXA.

The examples demonstrated in this chapter should help you to analyze the benefits of AI and blockchain in bringing about transparent and robust applications in the next generation of internet applications.

In the next chapter, I will introduce you to the application of AI in cryptocurrency...

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Author (1)

Ganesh Prasad Kumble

Ganesh Prasad Kumble is an expert in emerging technologies and business strategy. He has co-founded, bootstrapped, and mentored several start-ups and initiatives across SaaS, e-commerce, IoT, Blockchain, and AI. He is a contributor to several open source projects, including Ethereum and IPFS. He authored TEXA in 2017 - an ethical AI initiative based on the Turing test that is used to safely assess multi-context robots and AI models in a quantifiable manner. He is currently leading platform innovation efforts at Aicumen Technologies, Inc. and KIP Foundation, building a general-purpose business protocol featuring identity management, third-party services, distributed compute, and immutable storage. Ganesh is also a moderator at the Ethereum Research forum.
Read more about Ganesh Prasad Kumble

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