Convergence of AI and blockchain: Unlocking new possibilities

cointelegraph.com:

Let’s do a simple exercise, shall we?

Try to imagine a world where innovations in banking, finance, power, medical services and social media are the best they have ever been. One where these industries and several others are powered entirely by unbreakable, difficult-to-hack-or-crack streams of data. 

A world where this kind of superpowered data is run by powerful algorithms, and is capable of learning, updating and improving itself. Do you think such a world is possible? It might be closer than you think. Over the last decade, AI and blockchain have proven themselves to be the future. One of them (blockchain technology) possesses the ability to produce unbreakable chains of data.

On the other hand, AI is able to create self-updating algorithms that are capable of learning from the world around them. But have you ever wondered what might happen if we found a way to put both of these bits of technology together?

Well, welcome to the future. 

What exactly does AI entail?

AI, in simple terms, refers to a combination of algorithms and data structures that give machines (particularly computers) the ability to think, learn and solve problems. Maybe even better than a human being ever could. Believe it or not, you directly use some form of AI, every single day.

The music streaming apps you use, your flight booking apps and even the traffic lights on roads. AI is everywhere. Blockchain technology, on the other hand, can be decentralized, is generally unbreakable and is a transparent piece of technology that allows secure and tamper-proof transactions. 

Blockchain technology has several use cases that we have barely even scratched the surface of. Things like supply chains, transparent voting and asset tokenization are all under the