Along with “artificial intelligence”, “internet of things (IoT)”, and “big data”, “blockchain” is yet another trendy word of the day. Some experts believe blockchain technology, especially in combination with AI, could revolutionize precision medicine, self-driving cars, and international economies. Others believe the technology is overhyped and doomed to fail. But…what exactly is blockchain? To understand where both perspectives stem from, you need to get a grip on the nature of the beast. How Does Blockchain Work? Blockgeeks, an online community for discussing all things blockchain, describes the technology as follows: “Picture a spreadsheet that is duplicated thousands of...Read More
Author: Karin Flieswasser
Organizations are increasingly looking to adopt blockchain technologies for alternative data storage. And with heaps of data distributed across blockchain ledgers, the need for data analytics with AI is growing. The combination of AI and blockchain is fueling the onset of the “Fourth Industrial Revolution“ by reinventing economics and information exchange. From healthcare to government, the potent combination of both AI and blockchain is slowly but surely transforming industries. 1. Precision Medicine Google DeepMind is developing an “auditing system for healthcare data”. Blockchain will enable the system to remain secure and shareable, while AI will allow medical staff to obtain analytics on medical predictions...Read More
The potent combination of blockchain and artificial intelligence can revolutionize healthcare, science, government, autonomous driving, financial services, and a number of key industries. But, as with any emerging technology, blockchain faces numerous challenges to widespread adoption. As Bitcoin reached peak media hype, we became captivated by the economic possibilities blockchain technology could enable. Nakamoto’s paper in 2008 paints a picture of a financial utopia where we transact money globally without reliance on third parties, resonating with those who resist restrictions imposed by a central capitalist system. But this ideal is much further away than we think. Discussion continue today...Read More
Google, Microsoft, Amazon, and Salesforce have all been heavily investing in AI. Recently, each has launched new enterprise-scale AI tools and APIs that frankly all seem the same. Is there really a difference between their cognitive services? We recently went to the MITCNC Tech Conference in Redwood City, CA to find out. All four enterprise tech giants sent executives to share their individual approaches and vision for the future of AI. Google Cloud Immortalizes Big Data Mitali Dhar, Director of Global Product Partners at Google, states that humanity is still “in the early stage of the AI technology cycle”,...Read More
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