Why Artificial Intelligence and Blockchain Technologies are Trending?
Lucid Technologies, Inc
Information Technology, Business Consulting, and Strategic IT Solutions
Artificial Intelligence and Blockchain are the trending technologies, and in the future, they will transform how humans live, collaborate, and interact. In the next few years, these two technologies are going to be heavily implemented in business and custom software development services. Even now, innovative and tech-savvy industry leaders see significant value in using blockchains with artificial intelligence.
Today, everything starting from transport vehicles to medical devices, financial transactions, and electricity systems are relying on computer software. While digitization has made things easier for humankind, it has also made technology harder to control. When human-to-human contact is minimized with disruptive trends, it provides a space for machines to entertain bias and dominance.
?What is Artificial Intelligence?
Artificial intelligence is nothing but the application of technology to work on assignments that mirror human lucid tasks. It is like, a machine to imitate intelligent human behaviour such as visual perception, speech recognition, decision-making, and translation between languages. Whatever we say, there is no single universal definition for Artificial Intelligence, let's deep dive into it.
AI is an amazing tool the turns that turn everyday life into a walk in the park. The AI is used in every sector whether it can be software or hardware. It will streamline all the business processes, complete tasks faster, eliminate human error, and many more. Knowingly or unknowingly every human is using it nowadays which aids in repetitive processes.
AI's advantages are:
For example, we see artificial Intelligence in?
?there won't be any end we talk on...
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?What is Blockchain Technology?
The blockchain name itself states that it is a chain of blocks containing timestamped digital records with the features like transparency, immutability, decentralization, and traceability. This technique intends is to timestamp digital records so that no one can backdate or meddle with them.
When we crucially investigate Blockchain, it shows that it is not controlled by one person or entity like AI. Here the data will be distributed across many computers means any person can access the data from anywhere and whoever has the cryptography keys can edit the chain. Here is how the information is encrypted
- A transformation of data should take place
-The transaction of data will be verified
-The data that is transferred will be stored in the form of a block
-The block of the transferred data should get a unique identification code called a hash generated by the nonce.
?In simple words, it transfers immutable data blocks safely and securely, which is managed by a cluster of computers and no central authority.
?Best Examples are: