Introduction to AI and Blockchain
Last updated
Last updated
AI has proven to be a significant revolutionary element of the upcoming digital era.
Tech giants like Amazon.com, Google LLC, Apple Inc, Facebook International Business Machines (IBM) Corporation and Microsoft are spearheading the research and development of AI with huge investments, thus increasing the Artificial intelligence market cap.
The market cap in the Artificial Intelligence market is projected to reach $184billion in 2024.
This projection is at an annual rate of 28.46%, resulting in a market volume of $826.70billion by 2030.
In global comparison, the United States has grabbed a huge chunk of this market cap so far ($50.16billion in 2024).
When Artificial Intelligence and Blockchain combine, the result is an immutable, safe, and decentralized system. This process will bring about better data and information security innovations in different industries.
However, the intersection between Artificial Intelligence and Blockchain technology is still uncharted, even though integrating the two technologies has attracted considerable attention. Also, projects have been more loyal to the innovative combinations available. Bridging the two technologies will enable data to be used under unimaginable circumstances.
Each technology affects and executes data differently, and their collaboration will open up more creative possibilities. It has the potential to push data exploitation to newer heights.
