{"id":7478,"date":"2018-06-21T21:37:24","date_gmt":"2018-06-21T21:37:24","guid":{"rendered":"http:\/\/www.vouchsolutions.com\/blog\/?p=7478"},"modified":"2021-03-16T09:14:40","modified_gmt":"2021-03-16T09:14:40","slug":"how-blockchain-will-result-in-increased-efficiency-and-trust","status":"publish","type":"post","link":"https:\/\/www.vouchsolutions.com\/blog\/how-blockchain-will-result-in-increased-efficiency-and-trust\/","title":{"rendered":"How BlockChain Will Result in Increased Efficiency and Trust"},"content":{"rendered":"<p><!--StartFragment--><\/p>\n\n\n<p class=\"wp-block-paragraph\">The two hottest trends of technology-&nbsp;<a href=\"https:\/\/vouchsolution.blogspot.com\/2018\/05\/the-real-truth-about-artificial.html\">Artificial Intelligence<\/a>&nbsp;and&nbsp;blockchain&nbsp;are&nbsp;ruling&nbsp;the market today.&nbsp;The blockchain&nbsp;is revolutionary&nbsp;communication&nbsp;and&nbsp;transaction recordation that builds trust between strangers.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><br>Blockchain enables increased&nbsp;transparency, privacy,&nbsp;and&nbsp;provenance. AI on the other hand has tremendous power to learn and compute the tasks to the perfection.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><br>AI has an incredible take&nbsp;on&nbsp;taking up a&nbsp;complex&nbsp;task. Though AI and&nbsp;<a href=\"https:\/\/vouchsolution.blogspot.com\/2018\/05\/how-blockchain-is-replacing-traditional.html\">Blockchain<\/a>&nbsp;are two different technologies with diverse approaches, the technologies&nbsp;have&nbsp;a&nbsp;lot&nbsp;to offer to each other.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>The Merger of AI and BlockChain<\/strong><\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">Blockchain typically relies on a&nbsp;decentralized&nbsp;system that provides additional security. It essentially creates a new foundation&nbsp;technology&nbsp;that&nbsp;replaces&nbsp;the&nbsp;existing&nbsp;security protocol.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><br>The&nbsp;huge&nbsp;fundamental difference in approach of the technologies creates a unique and powerful strategy.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>How AI is Guiding in Cutting Cost and in Securing the Chain<\/strong><\/h4>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/vouchsolution.blogspot.com\/2018\/05\/how-blockchain-is-replacing-traditional.html\">Blockchain<\/a><a href=\"https:\/\/vouchsolution.blogspot.com\/2018\/05\/how-blockchain-is-replacing-traditional.html\">&nbsp;technology<\/a>&nbsp;lacks behind due&nbsp;to&nbsp;the high&nbsp;operational&nbsp;cost. Thanks to the Proof of Work consensus mechanism still in place, energy has become the major factor for validating and sharing the&nbsp;transactions.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><br>Actually, some countries have higher energy consumption in a year.&nbsp;A single transaction requires energy that may be used by an entire house for a week. Thus AI can help here.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The Developer of Matrix combines intelligent&nbsp;decentralization&nbsp;and&nbsp;centralized&nbsp;techniques to create a workable area. They use scalable and more&nbsp;environment-friendly&nbsp;Blockchain options backed by AI.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The AI controlled solution that uses Directed&nbsp;Acrylic&nbsp;graph may be used by removing the miners altogether.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><br>Instead of using the traditional block chain structure, regardless of the eventual solution as projected by the Whisper Networks,&nbsp;<a href=\"https:\/\/vouchsolution.blogspot.com\/2018\/05\/the-real-truth-about-artificial.html\">Artificial Intelligence<\/a>&nbsp;plays&nbsp;an incredible&nbsp;role in reducing the&nbsp;operational&nbsp;cost that is incurred in each Blockchain transaction.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">AI&nbsp;asserts&nbsp;blockchain&nbsp;in terms of security as well. Security is an integral part of Blockchain as it is involved in the&nbsp;value&nbsp;proposition.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><br>The biggest security threat to the Blockchain does not happen in the&nbsp;chain&nbsp;but the applications that are used in the chain.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><br>The apps are vulnerable to hacking as they are&nbsp;centralized, for&nbsp;example,&nbsp;<a href=\"https:\/\/vouchsolution.blogspot.com\/2018\/05\/an-introduction-to-crypto-currency-and.html\">cryptoexchanges<\/a>. AI helps in&nbsp;securing the&nbsp;applications&nbsp;as it is more capable than the human management. As AI is still developing, it requires human eyeing to carry out the security features.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Blockchain<\/strong><strong>&nbsp;Raises Trust in AI and Between AI<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In various&nbsp;movies,&nbsp;you might have found that AI cannot be trusted altogether. Well, developing a true&nbsp;super intelligent&nbsp;machine means creating a society of man vs machine.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><br>Though, the&nbsp;reality&nbsp;it is&nbsp;quite&nbsp;different from the&nbsp;movies. Today&nbsp;<a href=\"https:\/\/vouchsolution.blogspot.com\/2018\/05\/the-real-truth-about-artificial.html\">Artificial Intelligence<\/a>&nbsp;focuses on single user platform.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The facial recognition software instantly identifies a person among the crowd. This is due to the better accuracy and human observing aid.&nbsp;AI is capable of detecting critical medical issues and scans the human eye.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><br>However, AI can only demonstrate its potential when the people are willing to buy and trust it. Here is when&nbsp;<a href=\"https:\/\/vouchsolution.blogspot.com\/2018\/06\/the-effect-of-block-chain-on-your.html\">Blockchain<\/a>&nbsp;interferes.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Decentralised&nbsp;Autonomous&nbsp;Organisations&nbsp;(DAO), as a&nbsp;blockchain&nbsp;concept can put some serious brakes on the AI.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><br>DAO is immutable to the AI system. With public acceptance, AI can show incredible growth.&nbsp;However, it also needs to trust the&nbsp;<a href=\"https:\/\/vouchsolution.blogspot.com\/2018\/06\/how-big-data-analytics-affects-on-your.html\">data source<\/a>. If the data is accurate then only AI can grow rapidly.&nbsp;So how can AI&nbsp;determine&nbsp;the worthiness of data?<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The Blockchain has the&nbsp;answers&nbsp;to all problems related to AI. Blockchain creates&nbsp;terabytes&nbsp;of clean, usable data. The cleaner the<a href=\"http:\/\/vouchsolutions.com\/best-business-intelligence-software-solutions\">&nbsp;data<\/a>&nbsp;means faster is the teaching time for AI with fewer mistakes.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>BlockChain and Artificial Intelligence at Work<\/strong><\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">Some companies have shown an&nbsp;incredible&nbsp;approach by accepting the stunning technology with AI Blockchain applications.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><br>The apparently simple enterprise software brings efficiency to the enterprises. The Effect.AI uses the&nbsp;decentralized&nbsp;model to offer better and advanced AI programs.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><br>It has found ways to master the skills and farm out repetitive programs. The Blockchain offers affordable rates so that both the parties can show trust&nbsp;in&nbsp;each other\u2019s service and implement the contract instantly.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Conclusion \u2013 A Final Word<\/strong><\/h4>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/vouchsolution.blogspot.com\/2018\/05\/the-real-truth-about-artificial.html\">AI<\/a>&nbsp;and Blockchain is an incredible combination.&nbsp;However, they both are subject to some risks as well.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><br>The convergence is new and makes it impossible to find an expert help. This sometimes leads to scams and frauds as well.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">There are no studies, no projects, or any proven cases that&nbsp;prove&nbsp;the&nbsp;uses. This makes it challenging to find a right partner who provides trustworthy data and well&nbsp;of course, it&nbsp;does not&nbsp;mean that you put the plans on hold.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><br>The<a href=\"https:\/\/vouchsolution.blogspot.com\/2018\/05\/how-blockchain-is-replacing-traditional.html\">&nbsp;blockchain&nbsp;<\/a>and AI combo may lead to a massive market turnaround. It is a significant approach to reduce the cost and disrupt the security.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><br><strong>Continue reading<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><br><strong><a href=\"https:\/\/vouchsolution.blogspot.com\/2018\/05\/the-real-truth-about-artificial.html\">Real Truth about Artificial Intelligence<\/a><\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><a href=\"https:\/\/vouchsolution.blogspot.com\/2018\/05\/how-blockchain-is-replacing-traditional.html\">How BlockChain is Replacing&nbsp;Traditional&nbsp; Business Models<\/a><\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/vouchsolution.blogspot.com\/2018\/06\/the-effect-of-block-chain-on-your.html\"><strong>Effect of BlockChain on your Enterprise<\/strong><\/a><\/p>\n\n\n<p><!--EndFragment--><\/p>","protected":false},"excerpt":{"rendered":"<p>The two hottest trends of technology-&nbsp;Artificial Intelligence&nbsp;and&nbsp;blockchain&nbsp;are&nbsp;ruling&nbsp;the market today.&nbsp;The blockchain&nbsp;is revolutionary&nbsp;communication&nbsp;and&nbsp;transaction recordation that builds trust between strangers.&nbsp; Blockchain enables increased&nbsp;transparency, privacy,&nbsp;and&nbsp;provenance. AI on the other hand has tremendous power to learn and compute the tasks to the perfection.&nbsp; AI has an incredible take&nbsp;on&nbsp;taking up a&nbsp;complex&nbsp;task. Though AI and&nbsp;Blockchain&nbsp;are two different technologies with diverse approaches, the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":7482,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8],"tags":[199,200,201],"class_list":["post-7478","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-blockchain","tag-efficiency-and-trust","tag-how-blockchain-will-result-in-increased-efficiency-and-trust"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>How BlockChain Will Result in Increased Efficiency and Trust - VouchSolutions - Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.vouchsolutions.com\/blog\/how-blockchain-will-result-in-increased-efficiency-and-trust\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How BlockChain Will Result in Increased Efficiency and Trust - VouchSolutions - Blog\" \/>\n<meta property=\"og:description\" content=\"The two hottest trends of technology-&nbsp;Artificial Intelligence&nbsp;and&nbsp;blockchain&nbsp;are&nbsp;ruling&nbsp;the market today.&nbsp;The blockchain&nbsp;is revolutionary&nbsp;communication&nbsp;and&nbsp;transaction recordation that builds trust between strangers.&nbsp; Blockchain enables increased&nbsp;transparency, privacy,&nbsp;and&nbsp;provenance. 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