Top 20 Blockchain Startups in 2021
Two of the most popular technology topics right now are blockchain and artificial intelligence. A blockchain is a distributed, decentralized, immutable ledger for storing encrypted data, according to its definition. On the other hand, AI is the “brain” or “engine” that will allow for data analyses and decision-making. Each technology, of course, has its own level of complexity, but AI and blockchain are both in positions where they may profit from and assist one another.
AI integration into the blockchain, and vice versa, can improve blockchain’s underlying architecture and expand AI’s potential. Some AI and blockchain applications usually involve:
- Creating a wide range of Data Sets — Using blockchain and AI to produce smarter, decentralised A.I. Blockchain networks that can store a variety of data sets. The intercommunication of A.I. agents could be enabled by constructing an API of APIs on the blockchain. As a result, a wide range of algorithms can be created using a wide range of data sets.
- Data Security — Artificial intelligence applied to big data, together with the security provided by blockchain technology, is the ideal mix for managing enormous databases. Safeguarding this data on a blockchain, which can be accessed by an AI with permission and after it has gone through the right protocols, might provide us with massive benefits such as personalised suggestions while securely storing our sensitive data.
- Data Monetization — Data is being weaponized against us by allowing others to decide how data is sold in order to generate money for businesses. Blockchain enables us to encrypt our data and have it used in the manner that we see fit. This also allows us to monetize data on a personal level if we so desire, without our personal information being compromised.
- Trusting AI Decision Making — We can keep auditing AI findings to ensure that they are still accurate. All of the data, variables, and processes used by AIs for their decision-making processes are immutable records thanks to blockchain technology. This makes auditing the whole process a lot easier.
A growing number of AI-powered blockchain startups are emerging, and here are a few to watch:
- DARTexon develops integrated solutions that utilise the capabilities of technology pieces by working with smaller teams in the fields of Application Development, System Integration, AI, and Blockchain.
- Urbanchain connects energy customers to energy generators in the wholesale market using blockchain and AI to make switching to the best deal virtually instantaneous.
- Innoplexus uses AI, Blockchain, and advanced analytics to help organizations migrate to continuous decision-making by creating broader, deeper, and faster insights from structured and unstructured private and public data.
Combining these two technologies provides the ability to exploit data in previously unimaginable ways. Blockchain secures this data, allowing us to audit all intermediary stages AI takes to draw inferences from the data and allowing users to monetize their produced data, which is essential for the creation and advancement of AI algorithms. AI has the potential to be tremendously transformative, but it must be created with extreme prudence — something that blockchain can help with greatly.
The blog here captures the topmost promising Blockchain Startups. To read the full blog in detail, visit Top 20 Blockchain Startups in 2021
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