The world of technology is constantly evolving and advancing, and two of the most talked-about technologies today are artificial intelligence (AI) and blockchain. While both of these technologies have the potential to revolutionize the way we do business and interact with each other, there is one major issue that is preventing them from working together: incompatibility.
AI technology relies on large amounts of data to make decisions and operate, while blockchain technology is designed to be secure and immutable. This means that the two technologies are not compatible with each other, as AI needs access to data that is not available on the blockchain. This incompatibility can be a major roadblock for businesses that are looking to use both technologies in their operations.
The good news is that there are ways to bridge the gap between AI and blockchain. One option is to use a “sidechain”, which is a separate blockchain that is connected to the main blockchain. This sidechain can be used to store data that can then be accessed by AI algorithms, allowing them to make decisions based on the data stored on the sidechain.
Another option is to use a “smart contract”, which is a piece of code that is stored on the blockchain and can be used to facilitate transactions between two parties. Smart contracts can be used to store data that can then be accessed by AI algorithms, allowing them to make decisions based on the data stored in the smart contract.
Finally, there are also companies that are developing solutions that allow AI algorithms to operate directly on the blockchain. These solutions are still in their early stages, but they could potentially provide a way for AI algorithms to access data stored on the blockchain without needing a sidechain or a smart contract.
Overall, it is clear that AI and blockchain are incompatible with each other, but there are ways to bridge the gap between the two technologies. With the right solutions in place, businesses can take advantage of both AI and blockchain in their operations and unlock new opportunities for growth.
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- Source: Plato Data Intelligence: PlatoAiStream
