We know that blockchain is a distributed, decentralized and immutable ledger used to store encrypted data whereas AI can be defined as an engine that allows analytics and decision making from the data collected. Pwc reports that AI will add up to $15.7 trillion to the world economy by 2030 and blockchain will add up to $3.1 trillion during the same time.

1. Combining Two Opposing Paradigms -
AI and Blockchain

2. Opposing Paradigms
Blockchain AI
Decentralised
Open
Transparent
Deterministic
Centralised
Closed (Mostly)
Black box
Probabilistic

3. AI Application Trends - 2019

4. Better Data Management
Improved Energy Consumption
Scalability
Enhanced Efficiency
Higher Security
New Data Gates
Role of AI in a Blockchain System

5. Trusting AI Decision Making
As AI algorithms progress, it will become difficult to
understand how programs came to certain conclusions.
This is a result of AI algorithms being able to process
incredibly large amounts of data through repetitive
learning.
Blockchain can provide an immutable record of all the data
and processes to act as an audit record.

6. Blockchain- Based Decentralised Marketplace
Decentralised Marketplaces can grant access to otherwise
too expensive and privately kept data.
This is a result of AI algorithms being able to process
incredibly large amounts of data through repetitive
learning.
Blockchain can provide an immutable record of all the data
and processes to act as an audit record.

7. Creating Diverse Data Sets
While blockchain technology powers cryptocurrencies,
blockchain networks are capable of being applied to many
industries to create an element of decentralization.
Example - SinguarlityNET uses blockchain to encourage a
broader distribution of data and algorithms

8. Data Security
Blockchain can allow encrypted storage of data on a
distributed ledger. All while providing access control.
AI and Blockchain can provide a backup system for
valuable personal data or it could be perfect to manage
large databases.

9. Blockchain and Al in Action using IoT Sensors

10. Companies Using Blockchain - AI Convergence

11. Get in Touch