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How the Combination of Artificial Intelligence and Blockchain Could Transform the Industry

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by Giorgi Kostiuk

5 hours ago


Artificial Intelligence and Blockchain are two revolutionary technologies with the potential to radically change various sectors. Together, they can address many trust and transparency issues.

Trust Issues with Artificial Intelligence

Artificial intelligence is being integrated into critical areas such as healthcare and transportation. However, the use of AI raises questions about transparency and accountability. Biases and errors can undermine public trust. Blockchain can help mitigate these issues by providing a decentralized and immutable ledger that enhances trust in AI.

Critical Aspects of AI in Safety-Critical Areas

In fields like aviation, reliable AI is essential for safety. Mistakes in algorithms can lead to catastrophic consequences. Ensuring transparency in AI systems' operations makes them more trustworthy and safe, which is critical for protecting human lives.

The Role of Blockchain in Ensuring AI Transparency and Governance

Blockchain provides a structured governance system, allowing the use of smart contracts to enforce ethical standards in AI development. This ensures not only transparency at the algorithmic level but also the possibility for diverse stakeholders to engage in the governance process.

The combination of artificial intelligence and blockchain presents a unique opportunity for creating a safer and more accountable future. Their joint utilization can not only minimize existing risks but also optimize decision-making processes across various industries.

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