BLOCKCHAIN
AI
has rapidly emerged as one of the most transformative technologies of our time , capturing public attention and industry interest . With its ability to simulate human intelligence and revolutionise decisionmaking , AI has become a central focus for businesses and governments .
However , before AI became the defining technology of this era , another digital revolution had taken root : blockchain . Known for its decentralised and secure approach to data management , blockchain first gained prominence through cryptocurrencies , offering a tamper-proof ledger that could transform traditional financial systems .
As businesses and innovators have explored the potential of these two technologies separately , one question has emerged : What would happen if AI and Blockchain were combined ?
“ Blockchain and AI were a nonobvious match until recently and their combined usage was not widespread ,” explains Scott Zoldi , Chief Analytics Officer at FICO .
The convergence of these technologies opens up new opportunities that neither could achieve alone . Blockchain ’ s robust security features provide an ideal environment for AI systems to operate with greater accountability and transparency , addressing many of the ethical concerns surrounding AI , such as biases in data , transparency of decisionmaking , and the need for traceable audit trails .
74 January 2025