How Converging Technologies Create A New Future
Artificial Intelligence with Blockchain?
Technology has always been a hard thing to predict. One day it was the rise of the telephone, then it was the advent of the internet. These once-dominant technologies continue to make their indelible mark within our lives.
Artificial Intelligence, together with Blockchain technology, has taken the lead in recent times. It is now difficult to find any tech company who doesn’t at least have their fingers dirty exploring the potential of these two dominant techs.
We can already see how these forces shape modern technological progress. Aside from its status as a fashionable buzzword in today’s tech scene, AI and blockchain provide significant advantages to both businesses and consumers alike.
AI technology isn’t new — we have been using AI for quite some time now. What changed was the recent re-introduction of neural networks and deep learning technology, which has improved the potentiality of AI by leaps and bounds. AI can now help to see patterns within big data that previously was hard to analyse and to make sense. It is a tool that allows us insight into the future by looking at the past.
Blockchain technology allows for decentralisation with accountability. Built as a distributed public ledger initially intended for payment use, blockchain technology has been integrated into FinTech, logistics, construction, and even ridesharing. The technology is secure by design and extremely reliable — key attributes which have led many to believe that blockchain is set to drastically change the fields of accounting, compliance and auditing.
The convergence of these two technologies was bound to lead to something spectacular.
It was magic waiting to happen.
Predicting the Future
With the enhanced ability to forecast the future, some institutions have taken it upon themselves to utilise deep learning technology to predict market trends.
Here at AIPE, we create sophisticated models to aid in our quest of predicting the future. Within the world of blockchain, hundreds and thousands of data points that previously did not make sense in the past can fit together into a coherent picture with the power of AI.
Volatility ceases to become something incomprehensible. By identifying meaningful trends and patterns, our flagship AI project, the AIBitBip, gains insight into the price fluctuations of the cryptocurrency market, sending these predictions to our users as a signal.
AIBitBip also comes with the ability to learn dynamically. Unlike older AI models that were static and required constant updates, AIBitBip learns from reading data in real-time, ensuring that users will always get the most updated predictions.
As we continue along the path of observing how technological trends come and go, the convergence of different technologies and of industries is expected to become more commonplace.
Both blockchain technology and AI are set to unearth new frontiers. I, for one, am brimming with excitement about what might come next.
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