A.I. And Blockchain Are A Perfect Match When Used Together

  • By Jenny Schecher
  • in
  • on February 5, 2019

In preparation for the Digital Enterprise Transformation Assembly taking place in June, we are dedicating this week on Digital Diary to all of the most innovative tech trends disrupting all leading industries. (Hint: they will also most likely make an appearance on our agenda during the assembly…) 

Anyone who has an interest in digital transformation or technology, in general, is aware that A.I. and blockchain are two topics that have made a huge splash in a variety of industries. Whether you have personally worked with these two concepts, it is beneficial to be familiar with them if you want to be prepared for the future of tech.

There is a ton of content out there regarding both blockchain and A.I. They both have proven to be extremely disruptive, and experts believe it will only grow from here.

“Last year was massive for the creation of exponential technologies leveraging Artificial Intelligence (AI) and Machine Learning (ML)… Blockchain has been laying the foundation for a new decentralized internet at the same time. Last year, the total amount of capital raised via ICOs was a little over $5 billion.” Forbes reports.

Down To The Basics

It was always common for both of these trends to be discussed on different playing fields. Well, the future is knocking and it predicts that these two tools will be used together in business. Before your mind completely explodes, don’t worry. Let’s recap!

A.I. (artificial intelligence if you are just now tuning in) is essentially when machines can perform tasks in an intelligent way. The word intelligence relates to the idea of these machines possessing qualities that resemble those of humans. With the help of machine learning and deep learning, neural networks allow for cutting-edge technologies to appear through these machines. A good example of this would be robotics. Remember last week Walmart reported that robots will appear in-stores to help carry out human tasks? That is exactly what A.I. is.

A.I. is not going anywhere. In fact, it is just getting started, especially because of how fast data is growing throughout these leading industries like retail, marketing, and healthcare.

Blockchain is simply a place where data is stored in a digital way, whether it be encrypted, or through a disrupted ledger format. Blockchain is eligible if you are a highly intelligent system. Hmm, sound familiar?

A.I. And Blockchain Can Work Together

According to Forbes, A.I. and encryption are a match made in heaven.

“Data held on a blockchain is by its nature highly secure, thanks to the cryptography which is inherent in its filing system,” Forbes reports.

Not only can A.I. read encryption in a stellar way, blockchain can also help us track decisions made by artificial intelligence. Since A.I. can be hard for humans to understand, blockchain can work to make this language more accessible through a database.

“If decisions are recorded, on a datapoint-by-datapoint basis, on a blockchain, it makes it far simpler for them to be audited, with the confidence that the record has not been tampered with between the information being recorded and the start of the audit process.” Forbes reports.

A.I. and blockchain can be a disruptive force. Both tools can use their best assets in order to help humans understand the complex world of algorithms and data. If businesses can successfully merge these two trends, they may be able to stay above the curve and ahead of the competition.

Of course, if you are interested in merging these two trends, you will have to have a strategy. You can start with an A.I strategy and then be able to move onto blockchain. We got you covered.

DET10 Banner

ABOUT THE DIGITAL ENTERPRISE TRANSFORMATION ASSEMBLY

As more and more businesses look to digital technology and strategies to transform their business, CIOs know that data and information technology have never been more important. Understanding the convergence of mobile, social, and cloud is the first critical step for organizations looking to create opportunities and stay ahead of the competition.

The Millennium Alliance is thrilled to present our bi-annual Digital Enterprise Transformation Assembly, put together by the industry, for the industry. Join us in Miami, FL. for a series of executive education roundtables, keynote presentations, collaborative think tanks, educational workshops, and networking sessions will offer industry-specific topics and trends to ensure your company maintains its competitive advantage.

Download the Sponsorship Prospectus to see if your eligible to sponsor our event >>

 

Leave a Reply

PUBLISHED BY Jenny Schecher

View all posts by Jenny Schecher

Related Posts

#MillenniumLive , CIO

#MillenniumLive on New Tech Solutions with Espressive

Joining #MillenniumLive​ this week is Pat Calhoun, CEO at Espressive. As the Chief Espressionist, Pat enlightens us on how organizations are leveraging collaboration tools, the value of implementing a virtual agent for employee self-help, and how an automated service like the Espressive Barista is effectively better serving the enterprise. Watch the video interview below, or […]

Millennium Staff

The Millennium Alliance Comes Out Of The Gate At A Record-Breaking Pace in 2021

NEW YORK – May 6, 2021 – Coming off of the strongest Q1 in its seven-year existence, The Millennium Alliance has continued to build off of what has quickly become a record-breaking 2021 across the board thus far, now fresh off of their most successful April in company history. This comes in large part due to […]

CISO , Healthcare

Your April Assembly Recap

This past April, The Millennium Alliance was proud to host two engaging Virtual Assemblies for C-Suite executives and top industry thought leaders. First up, we had our Healthcare Providers & Payers Transformation Virtual Assembly on April 20-21, which was followed by our Transformational CISO Virtual Assembly on April 27-28. In case you missed either event, […]

CISO

Michael Leiter Set to Keynote Our Upcoming Transformational CISO Virtual Assembly

The conversation on cybersecurity is more important now than ever, and we are honored to welcome our Keynote Speaker Michael Leiter to kick off the discussion at our Upcoming Transformational CISO Virtual Assembly on June 8-9. Michael Leiter is currently a Partner at international law firm Skadden, Arps, Slate, Meagher and Flom, head of the […]

Lovin’ Digital Diary?

Premium content to our readers interested in all things business.

Check Us Out!

Millennium Membership offers Fortune 1000 C-Level executives, leading public sector/government officials, and thought leaders across a variety of disciplines unique and exclusive opportunities to meet their peers, understand industry developments, and receive introductions to new technology and service advancements to help grow their career and overall company value.

About Millenium Alliance Next

About Digital Diary

Created to provide premium content to our readers interested in all things business.

Launched in 2017, Digital Diary was created to provide premium content to our readers interested in all things business. With our blogs catered to deliver the top news stories, trends, and interviews from across all industries.

Read all story Next

Millennium Alliance Membership

Learn More Next

What does it mean to be a Millennium Member? In the midst of the constant disruption across all industries, our members are given the tools they need to digitally transform their organizations and become the best leaders they can be. Millennium Members are provided the exclusive opportunity to attend our 40+ intimate in person and virtual Assemblies, take part in industry-leading Executive Education sessions conducted by the nation’s leading academic institutions, business leaders, and technology providers and receive industry leading content through our Digital Diary Platform as well as the rapidly growing #MillenniumLive Podcast Series.