By: Ramendra Kishore
May 12, 2019
Artificial intelligence was first thought of in the 1950s, but it was only since the 90s that any real progress was made. Today, AI has filtered through the market chain and is now available as a consumer product in the form of virtual assistants like Siri and Alexa. Despite the great interest in the field, AI hasn’t grown as fast as other technologies over the decades.
As you might have read through Bitcoin News, Blockchain technology is a decentralized digital ledger spread across systems (called nodes) for storing data. These chunks of data, once formed into blocks, are immutable and cannot be changed. They are also encrypted to ensure security.
While both AI and blockchain seem like two very different technologies, there is one thing that binds them: data. AI works by hogging big data for training, while blockchain is used to store huge amounts of data.