Businesses from various sectors are realizing the potential of combining AI (artificial intelligence) and blockchain. They are seeking AI and blockchain development services that can leverage AI to build transformative business solutions.

From the food supply chain and logistics and medical data sharing to financial services and media royalties, the convergence of blockchain and AI is playing a crucial role in improving processes.

A decentralised blockchain infrastructure can be used to authenticate new classifiers and patterns developed by AI. Blockchain infrastructure can be utilised to collect client data, which can then be used to enable AI-powered marketing automation.

Converging AI and Blockchain

• Augmentation
• Authenticity
• Automation

Projects in Blockchain Space Using AI

Indicator (GRT)

The Graph is a platform that indexes data from a variety of blockchains and is at the moment the biggest AI-powered cryptocurrency project by market cap. The platform makes greater use of artificial intelligence (AI) to retrieve and index this data, supporting the subsequent wave of decentralized apps (DApps).

The Graph recently awarded Semiotic AI a $60 million grant, and as a result, it is now researching and creating ways to use AI to improve The Graph's functionality.

AGIX SingularityNET

One of the first initiatives to combine blockchain and AI technology is SingularityNet, which offers a decentralized platform for AI services. It enables end users to access and use AI services in a decentralized and secure environment while allowing AI developers and enterprises to monetize their algorithms and models.

(OCEAN) Ocean Protocol

A decentralized platform called Ocean Protocol makes it possible for machine learning and artificial intelligence (AI) applications to communicate data securely and transparently. It makes use of blockchain technology and smart contracts to give data providers a secure setting in which to monetize their data while still having control over how it is used.

AI and Blockchain Applications

• Payment Applications
• Markets for AI
• Healthcare
• Insurance
• Manufacturing

Conclusion

• We haven’t even scratched the surface of blockchain and AI’s potential. Each year, both technologies advance quickly. Subject matter specialists are constantly devising new ways to capitalize on their distinct advantages.
• It may always seem premature to make predictions about blockchain and AI. However, one thing is certain. Over time, these two technologies will continue to complement one another. They will remain in place.
• For more information about how to make use of these two emerging technologies together, connect with our blockchain developers.
• Hire Blockchain Development Company that offers transparent, secure, decentralized, and efficient solutions for trusted transactions, record-keeping, and data sharing, while reducing costs and eliminating intermediaries.

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