ProjectW Profile picture
Jan 2 13 tweets 5 min read
Is #AI only a #narrative in the cryptospace?

A thread 🧵on...

➡️How AI and blockchain can interact together⬅️

What are the benefits of combining AI & blockchain ?
What are the application areas?

🧵👇
Some profiting areas:

Transparency / Authenticity 👇

Blockchains and their data storage make it possible to gain insights into the "thoughts" of machines (data origin and AI framework). This increases trust and the decisions of the AI can be traced.
Decision making👇

Storing all decisions in the blockchain would help validate the decisions of AI consensus algorithms based on the data they receive. The comprehensive record of all decisions in a blockchain would improve the traceability of AI decisions.
Management and Interaction👇

Thanks to the intelligence of AI, blockchains can be managed more efficiently. In addition, it's possible to let smart contracts communicate more intelligently with each other, which makes it possible to always find the best way for certain processes
Automation👇

Blockchain and AI can bring new benefits to multi-party business processes. Friction can be avoided, the processing speed increases, and the efficiency increases tremendously. (Selecting the most sustainable shipping, reorders, payments, recalling expired products).
Security 👇

AI opens up various possibilities for security by developing algorithms that can only work with encrypted data. The connection also applies to the other side, because blockchain enables tracking.
Audit👇

By storing AI models on the blockchain, an audit trail can be provided, granting data security

Intelligence 👇

AI can process, read, understand and correlate data incredibly fast. This feature offers blockchain companies a new level of intelligence.
Use Cases for AI and blockchain

Healthcare👇

AI can help detect diseases. User data can be identified. User needs can be supported. Blockchain can help share data between organizations. The advantage here is to improve patient protection and privacy. Like $FET
Life sciences 👇

AI and blockchain can add traceability to drug supply chains. Data integrity, transparency, and patient traceability is granted through a decentralized clinical trial framework. Like $VXV
Financial Services👇

Higher transaction processing speed. Secure storage of personal data on the blockchain. An automated token launching and management system. Optimized tax and buyback systems for price growth. Like $BEEP
Supply chain👇

A manufacturer can track carbon emissions data at the product or individual part level, adding accuracy and intelligence to its decarbonization efforts. A marketplace connects buyer and supplier in real time to foster dynamic, scalable supply chains. Like $FET
Swarm intelligence👇

Models can learn from each other. No model needs to be trained from scratch. Models interact with each other in a giant neural network. Like $TAO

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with ProjectW

ProjectW Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Don't want to be a Premium member but still want to support us?

Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us on Twitter!

:(