ELROND ♥ USE CASE
Artificial intelligence and the blockchain
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.
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, the algorithms incorporate data 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.
Artificial Intelligence and the Elrond Blockchain
A partnership with a lot of potential
Blockchain & Prevention
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, algorithms could be made accessible to developers and their optimization could be advanced collectively.
Blockchain and smart division of labor
If the AI completes a work step, the partial service can be transferred to the next responsible unit via a smart contract. This is recorded in the Elrond blockchain.
In this way, work steps can be intelligently organized and seamlessly documented. Errors are avoided and the speed of work is maximized.
More about the Elrond blockchain
Let us show you why we are convinced of the Elrond blockchain technology.
Elrond is a high-performance blockchain technology based on the proof-of-stake consensus mechanism. It was developed to eliminate vulnerabilities of other blockchains. Actually, we claim that Elrond is the best blockchain technology in the world.
Would you like to learn more about the potential of the Elrond blockchain for your company? Our experts will be happy to advise you. Free of charge and without obligation.
Advantages of the Elrond blockchain
Let's talk about Elrond and AI.
Want to learn more about the potential of the Elrond blockchain for AI?
Contact us for an orientation meeting. We look forward to hearing from you!
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