The interweaving of blockchain with AI is promising. For example, the Elrond blockchain can be used to optimize self-learning processes of AI algorithms and accelerate them through intelligent management of work steps.

Artificial Intelligence 

The ability of a program to learn, draw conclusions, and make corrections on its own is known as Artificial Intelligence (AI). The underlying algorithms understand patterns and can solve tasks and problems without human intervention. To do this, algorithms incorporate data over time into their decision making.

AI and Blockchain 

Blockchain and AI are among the most important technologies of the next decades. Their intertwining is considered extremely likely, especially in the area of the Industrial Internet of Things as well as the decentralized coordination of autonomous intelligent systems. Blockchain, IoT, and AI are complementary in their design and can reach their full potential when used together. For example, an IoT application could collect data and make it available on the Elrond blockchain. The rules of collaboration would be controlled via smart contracts, while the AI would continuously optimize processes and the underlying rules.

Blockchain & Security

The privacy provided by the blockchain creates a trade-off: Anonymity and privacy on the blockchain attracts illegal activities, such as money laundering. However, using AI in data analysis can reduce this risk.

Blockchain and decentralized data economy 

AI systems are based on secure data storage and effective data exchange. Through decentralized data storage, blockchain technology is the optimal technical basis for self-learning processes of AI algorithms. Thanks to open source technology, algorithms can be made accessible to developers who can work together to optimize them.

Blockchain and smart division of labor

If the AI completes a step in a workflow, this milestone can be transferred to the next responsible unit via a smart contract. This is recorded in the Elrond blockchain. In this way, workflows can be intelligently organized and seamlessly documented. This helps to avoid errors and maximize the speed of work.

Istari Vision

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