Role of blockchain in DS, AI and ML
Blockchain technology is used to develop cryptocurrencies and is one of the most in-demand technologies in the world right now. With their innovative cheat proof system that allows the database to be exceptionally secure, this technology is finding its way into many mainstream industries that require top-level data security.
As blockchain is also a leading example of futuristic technology that is changing the world, it brings up the question of how blockchain technology works in regard to other futuristic technology industries, namely data science, artificial intelligence, and machine learning. Blockchain has a considerable role in all of these industries. Let’s discuss how blockchain technology is implemented and used in the DS, AI, and ML industries.
Role of blockchain in Data Science
The data science industry lives and breathes enormous amounts of data for its existence. Naturally, having false data or manipulations in data sets can corrupt your calculations and have a negative impact on the accuracy of your predictions. So, to ensure that the data that is being used is accurate and secure from tampering, blockchain technology is used in the data science industry. With the blockchain technology deployed, the data that is used is authenticated at every step of the blockchain, and this ensures that the data is accurate, ensuring more accurate results.
Data science companies are just starting to adopt blockchain technology on a large scale, and early indications have shown that it will have a great impact on the future of the industry. With the added security and reliability of data that comes with blockchain, the data science industry will be able to achieve significant new milestones and use that to propel the industry and global businesses forward.
Role Of Blockchain in Artificial Intelligence
Artificial intelligence is perhaps the industry that has seen the most success so far with the integration of blockchain technology. Artificial intelligence and blockchain together are being used to create smart systems that are able to improve themselves and validate the processes that they are developing using blockchain technology.
To put an example, blockchain technology is being utilized to gather information from customers in a retail business. That information is then fed to an artificial intelligence system that can create a marketing plan based on the data. This way, the system becomes self-sufficient, being able to develop, test, and deploy new marketing plans based on the data the system is fed. Blockchain technology also validates and secures the data making it a great breakthrough in terms of technological advancements toward complete automation. Currently, AI and blockchain are being deployed in various industries, and all of them have found great success from this combination.
Role Of Blockchain in Machine Learning
In the machine learning industry, blockchain technology is used to create better and more accurate machine learning systems. Analysing data stored in blockchain networks helps machine learning systems make more accurate data predictions along with improved accuracy. To put in an example, the blockchain network is used to collect data from various sources in real time. The entered data is automatically validated and authenticated thanks to the blockchain network. The data is then fed into the machine learning system, which is able to make accurate and valid predictions as the data it is fed does not have duplicates, missing values, or noise.
Conclusion
Blockchain technology is a revolutionary step forward for Futuristic technology. For students that want to enter the world of futuristic technology, it’s crucial that you take an interest and learn blockchain technology to make the most out of your professional career. If you are interested in a career in this field, you should get in touch with JIET, the first and top-ranked college in Rajasthan that offers dedicated degrees in futuristic technology subjects. For more information about the curriculum and courses offered, be sure to visit the college website.
