However, there is a place for blockchain in the world of artificial intelligence and a place for AI in the various applications of blockchain. https://youtu.be/AIfXGMCkfRA

1. By: www.ProfitableInvestingTips.com

2. The most recent great new thing that has caught
the public’s attention is artificial intelligence.
The popularity and investment potential of
programs like Open AI’s ChatGPT coupled
with a sense that crypto (and the blockchain)
have lost their way and have contributed to a
sense that blockchain is on the way down while
AI is ascending. However, there is a place for
blockchain in the world of artificial intelligence
and a place for AI in the various applications of
blockchain.

3. Can Blockchain Keep AI from Taking Over the
World?

4. Movies like Terminator where a super intelligent
computer system tries to wipe out humankind
provide a dark side view of the risks of
artificial intelligence. AI may well take over
the world but not by wiping out all humans.

5. Rather it is more likely to virtually eliminate any
real data privacy, replace humans in many
repetitive tasks, and allow for consolidation of
power by large corporations and nation states.

6. The bright side of AI is that properly targeted
applications may find more cures for cancers
and other diseases, prolong life, and make life-
sustaining systems like energy grids greatly
more efficient and safer.

7. A likely place for the blockchain in this brave new
world may be in providing a distributed
network watchdog for AI applications thus
providing the sort of transparency and
accountability that uber-centralized systems
lack.

8. Blockchain vs AI

9. Blockchain and artificial intelligence are totally
different beasts. Artificial intelligence
applications require blazingly fast processing
of monstrous amounts of data. These systems
are centralized and their inner workings are
not visible to those on the outside. Blockchain
is decentralized, not nearly so fast as AI
applications, and much more useful for
allowing outsiders with the time and interest to
see what is going on inside.

10. Where these different systems can come together
is where AI analyzes and processes data,
creates things like smart contracts, and
automates processes and the blockchain offers
secure data management and storage,
automated process execution, and recording of
smart contracts. With such a system AI
provides the speed and “intelligence” while the
blockchain offers security and transparency.

12. Preserving Security and Trust in the World of
Big Data

13. Data management for applications like health care
systems requires that personal information
remain secure while at the same time being
freely available to users of the system.

14. One problem of this sort of system is that
sensitive information may be recorded in more
than one location. For example, in a patient’s
medical records there is data in laboratory and
Xray reports about their medical condition as
well as in physician’s notes, nursing notes, and
pathology reports.

15. In the physical world these bits of data are not
stored in the same places and the same may
well be true when the data is transferred to an
AI system that automates this data. Then add
billing and administrative information that
needs patient-specific data and you have
another layer of info that can be accessed by
those with no good reason to have such access.

16. Because people typically cannot see inside such
an AI system there are both issues of security
and issues of trust. By adding blockchain to the
equation, its innate transparency will serve as a
remedy to both security and trust problems
that are inherent in the evolving world of
artificial intelligence.

17. Positive Aspects of Coupling Blockchain with
AI Applications

18. There are several specific ways in which
blockchain coupled with AI can provide
better, safer, and more trustworthy services.
Transparency, security, improved data
management, better scalability, and improved
automation are all end results that can come
from combining blockchain systems with
artificial intelligence applications.

19. For more insights and useful information about
investments and investing, visit
www.ProfitableInvestingTips.com.