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.

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, 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

01

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.

02

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.

03

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.

Functional Comparison

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.

Start the comparison …

Orientation Call

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.

Please contact us …

Cost Calculator

Calculate your transaction costs with the Elrond blockchain compared to other transaction technologies like Paypal or credit card. You will be amazed!

Start the calculator …

Blockchain Check

Find out how your business can benefit from using the Elrond blockchain in just a few clicks!

Start the check…

Advantages of the Elrond blockchain

Blockchain Technology
Transactions without intermediary, fail-safe through decentralization, protection against manipulation.

More on this topic
Adaptive State Sharding

More than 15,000 transactions per second possible, scalable upwards for maximum performance.

More on this topic

Secure Proof of Stake
Optimal protection for sensitive data and information as well as an improved eco-balance.

More on this topic
Low costs

Minimal transaction costs to ensure your competitiveness and optimize your pricing strategy.

More on this topic

Adaptable Smart Contracts

Automatic transactions and payments according to defined rules and conditions. Smart, isn't it?

More on this topic

Elrond ecosystem

Extensive network of validators, developers, investors, research partners and exchanges.

More on this topic

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!

Kontaktformular Englisch Gold
*

istari vision contact phone

We are also available by phone and will be happy to call you back!

Phone: +41 415 11 777 1
E-mail: hello@istari.vision

Your data will only be used to contact you and will not be shared with third parties. For more information, please see our privacy policy…

.

References

Visit Elrond and Istari Vision customers and partners

Privacy
When you visit our website, information from certain services, usually in the form of cookies, may be stored via your browser. You can change your privacy settings here. Please note that blocking some cookies may affect your experience on our website and the services we offer.