Making Smart Contracts Smarter: The Magic Combo of Blockchain & AI
“AI allows processing of big data, whereas Blockchain offers security, immutability & decentralised data storage. The combo of these two tech giants makes smart contracts smarter, as they play their role in the 4th industrial revolution”
Now, thanks to state-of-the-art tech, the implementation of AI-enabled, Blockchain-based smart contracts, is a reality. The disruptive melange of AI and Blockchain (the tech behind smart contracts), is a phenomenon which can miraculously streamline enterprise management and compliance way beyond our legacy systems. And while bad actors have tried to take advantage of AI and Blockchain’s ‘buzzword’ status, when we put a spotlight on their enormous capacity and potential, it is clear that they have significant transformative potential. Moreover, although each of these innovations can function autonomously:
“AI and Blockchain also complement one another in such ways that their combination offers business solutions, not only the ability to build upon legacy enterprise systems, but also the power to eventually upend them in favour of next level solutions.”
