Artificial Intelligence + Blockchain = Future

Currently, with the continuous development of technology, the benefits of artificial intelligence are no longer limited to high-profile companies, super devils and programmers in movies. Once the science fiction novels have finally become a reality, it is not surprising that artificial intelligence achieves leapfrog development when paired with blockchain technology. However, when a new technology is born, the question people always think is “Can I make money from it?” When researching the blockchain into artificial intelligence, the answer is definitely positive!

Why combine AI with blockchain?

You may have heard that the World Chess Champion lost to a computer, or you are very familiar with autonomous vehicles, both examples are driven by artificial intelligence. We create AIs to enable computers to solve problems themselves, enabling them to write code in response to new problems they encounter. When AI is combined with a blockchain, AI can be better understood by humans, operated more efficiently, and often makes blockchains more efficient.

In order for machine learning, they need a lot of data to analyze, just like humans. The difference is that humans are passively analyzing their data. We use our five senses to absorb data, and we store it to create our belief in how the world works.

Trent McConaghy explained in his article on Medium: "Because the blockchain introduces three new features:

· Distributed/shared control;

·Not tamperable/trackable;

· Local assets / winding.

Bitcoin-inspired people are happy to ignore the traditional database-centric shortcomings, because these new advantages are likely to affect the entire industry and society as a whole new way. He said that the three new "blockchain" database features are likely to be interesting for AI applications.

Because keep in mind that machines don't have senses, they need data, and blockchains can help them get data faster and cleaner (thanks to distributed/shared controls). Some AIs may learn better than others, and by sharing IP/test models across the chain, it is possible to achieve faster growth (developer's profit). Once the AI ??starts learning, if the path is stored on an immutable path, we can more easily track the path taken by the solution. Considering that one of the main reasons we first created AI is to make human life easier, by using AI and blockchain to create active and passive revenue streams, perhaps everyone will be the center of profit.

What are we doing with AI + Blockchain?

Blockchain technology enables users to create a system of untrusted systems on which they can run smart contracts, track ledgers, and more. Artificial intelligence and machine learning allow programs that do not interfere, and these programs are designed to become smarter and more efficient over time. As Tshilidzi Marwala and Bo Xing explain in their Johannesburg University papers, AI can help the eight main ways of blockchain, four of which are relevant to our discussion:

Extensibility - AI can perform collaborative learning without a centralized data set.

Security - AI can detect intrusion problems at the blockchain application layer.

Privacy - AI can improve the performance of the hash function.

Efficiency - AI can predict the likelihood that a node will complete certain mining tasks. "

Obviously, artificial intelligence will have a big impact on the blockchain, and those companies that are leading the industry will almost certainly benefit from this vision. From enhanced scalability, enhanced security, privacy, and greater efficiency, AI will make it cheaper, safer, and easier to operate on the blockchain. There is a set of examples where we can now see that AI and blockchain work together on specific issues, such as:

1. Encrypted currency trading

Trading cryptocurrencies is a risky market, just as dangerous as a stock market. One of the worst ways to increase this risk is to involve emotions. If the market starts to collapse, you may have panic attacks and sell quickly. If the market rebounds higher than before, it may make you feel overwhelmed. An easy way to prevent these emotional errors is to use AI-based cryptobot (crypto robot) to trade for you, such as Cryptohopper or Autonio. Encrypted robots are based on four principles: algorithms, market forecasts, stop loss, and AI. Through some companies, users typically subscribe to “signals” or external services that provide trading strategies based on the data they collect and analyze using AI. If ordinary traders remove themselves (and their emotions) from the equation, but instead base their transactions on artificial intelligence-generated strategies, they are more likely to succeed.

2. Music streaming

As we mentioned in another article, musicians on the market today are hard to survive. Musiclife is a company that is committed to changing this by using blockchain technology that incorporates artificial intelligence. On the Musiclife platform, whenever their music is streamed, the artist automatically gets a fee for the smart contract. This alone helps ensure that artists make more money for their work than traditional streaming platforms. But what really matters is the pricing model of Musiclife. They use the AI ??pricing method, and the music price is automatically adjusted based on current market playback data, so the more popular the song, the more money the artist will make.

Given the potential of the artificial intelligence + blockchain music streaming industry, big-name companies like Spotify are investing their money in buying Niland's services, and it's no surprise that a startup that specializes in using AI for user preference predictions.

However, for those of us who are not musicians or professional cryptocurrency traders, these techniques may make us feel a bit out of touch with our daily lives. Fortunately, in our lives, even after a long time in our past, there is a third option to make money in this industry.

Create a body image based heritage

Heritage used to be something that rich and powerful countries can only consider, but with the development of decentralized technology destroying this system that has been maintained for many years, heritage power is being opened to all. Whether your goal is to provide some wealth to your family after your death, or to keep your value going after your death, your body information may be the best. The Avatar project created by EverLife is created using a combination of artificial intelligence and blockchain technology to provide you with a platform to create digital heritage. By taking advantage of a combination of machine learning, smart contracts, teachable skills and secure communication, you can use your body portrait to do some key things:

· Passive income - allows your digital portraits to perform specific tasks (will win regular tokens for you), use your trading strategy (using potential skill market functions) to exchange cryptocurrencies, and even seek new skills and tasks to add to They are in the reserved directory.

Personal Heritage - Your digital portrait can interview you, record your answers, and record your life stories so that future generations of your family have the opportunity to interact with your digital portraits long after you die.

When creating digital portraits, EverLife chose to implement AI in their systems to ensure growth, and the expansion will continue for a long time after user input stops. They know that using blockchain alone is not enough, as Tshilidzi Marwala and Bo Xing conclude: “The DNA of the Industrial Revolution is AI, and the blockchain represents the most disruptive technology that could change the entire economy. One. Although the blockchain has a variety of visions, the technology is still in its infancy. "EverLife, Marwala and Xing said that although the blockchain may be a breakthrough technology, it can only be With the combination of artificial intelligence, we can truly see its full potential.

What does the future look like?

As Matt Turck pointed out in his article, the past 15 years have been made up of social, mobile Internet and cloud computing services. Turck added, “There is a trend here that illustrates artificial intelligence, blockchain and the Internet of Things are becoming new social, mobile Internet and cloud computing. These trends are still very new, but their potential impact is huge. “Like social, The development of mobile Internet and cloud computing has spawned many of the big companies that exist today (Spotify, alibaba, Twitter, Facebook, Uber, etc.). It can be speculated that the success of artificial intelligence, blockchain and IoT-based companies will emerge in the next 10 to 15 years.

Can our life benefit from it? This question has actually been answered many times, and the rapid development of technology is due to market demand. We find ourselves on the verge of change, mainly because of the tremendous pressure of industrial transfer, and new technologies are likely to lead comprehensive innovation in our lives. The only question now is whether, as a participant, you will seize the opportunity to make money in these ever-changing times.