Blockchain Technologies and Artificial Intelligence

Abstract

The blockchain is authorizing digital information to be scattered, but not copied, and it also created the backbone of a new type of Internet. It is an open infrastructure with blocks of information connected mutually that contain references to the preceding block. It is a decentralized and distributed system like an open ledger that stores a registry of assets and transactions in a peer-to-peer network (i.e., P2P). Artificial Intelligence is a part of computer science sector that emphasizes the design of intelligent machines that work, things, and reacts like human beings. It is the theory and practice of constructing machines capable of performing tasks that seem to require intelligence. It includes machine learning, artificial neural networks, and deep learning concepts. Blockchain and merger of AI into mainstream products and its related services can generate plenty of opportunities for enterprises. This chapter discusses the capabilities recognized at the intersection of AI and Blockchain and also discuss about the standard definitions, benefits, and challenges of this alliance.