Blockchain and Artificial Intelligence: an unbreakable relationship
Blockchain and Artificial Intelligence: an unbreakable relationship

Blockchain and Artificial Intelligence: an unbreakable relationship

By Fabio Lugano - 29 Oct 2018

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Among the new technological trends, Artificial Intelligence (AI) and the Internet of Things (IoT) are those that are currently indicated as the most promising.

Forbes also predicts that by 2020, 85% of consumers will interact with AI on a daily basis, for example in customer service. However, the use of this technology is limited because it requires a huge amount of computational resources.

For example, until two years ago it took 26 hours of processing to map the human genome, now it takes only 1 hour, and this is the result of technology evolving. Unfortunately, centralized servers are often unable to keep up with the computational needs necessary for the large-scale development of AI.

Blockchain technology could provide the necessary computing capacity, through the joint use of the power of a set of decentralized machines.

According to Professor Andrew J. Hacker of Harrisburg University, blockchain solutions can be a sort of highway along which AI can find not only the computing power, but also the data needed to power itself.

This requires the emergence of decentralized and blockchain processing capacity markets. One example is Golem, which decentralizes computing capacity to such an extent that it has earned the nickname “Airbnb for computers“.

Fabio Lugano

Graduated with honors from Bocconi University, Fabio is a consultant for companies and wounded shareholders of the Banche Venete. He is also the author of "Scenari Economici", and lecturer and analyst of cryptocurrencies since 2016.

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