The Exciting Future with Blockchain and Artificial Intelligence

Blockchain and Data Science (Artificial Intelligence)

AI is going to change the world. We all know that. Blockchain is also (like AI) disruptive, revolutionary, and earth-shakingly transformative. So what happens if we take two buzzwords like AI (data science) and blockchain and combine them? Let’s find out!But first, do you know what a blockchain is? And why it’s one of the keys to a democratic digital future?Well, I could repeat what others have already detailed on this blog in the past and finish my word count and get the job done — but I want to inspire you! Give you fresh stunning information which you can hopefully use to ignite the flame of learning within you to start this journey or adventure in technology.And, of course, I am 1000% committed to high-quality articles, at all costs. So what I am going to do is: if you know what blockchain is, awesome, continue! If you don’t, please read the following article here.

OK! So from now on, we assume now you know the basics of blockchain.

The Boom in the Technology Sector

You should also know that the market is huge! Booming! Demand outstrips supply by a factor of over 10x! To understand the blockchain market, you need to be aware of the following statistics:· The blockchain market will expand by 42% or more in the next year, 2020.· Current blockchain market value in 2018 is 2.1 billion USD.· Expected blockchain market cap in 2023 is estimated to be close to 25 billion USD.· Blockchain jobs tripled in number on LinkedIn from 2017 to 2018.All this is not to make you switch from AI to blockchain technology as a career. It is to make you understand that blockchain will be everywhere in the practical near future and that you become more valuable as an AI developer if you can leverage your product to take advantage of the blockchain revolution as well.How?That is the real reason why we decided to publish a post on this topic. What we will now do, is, explore the exhilarating future that AI and blockchain together will have on society in the future. We will do this by exploring highly exciting startups that use both AI and blockchain in their system infrastructure.

Startups Using AI and Blockchain in Partnership

One thing you will notice immediately about these companies is that, usually, they don’t use the Bitcoin-style blockchain technology. And for good reason! The blockchain as used in Bitcoin is an inefficient, hugely wasteful, and an ultra-high electricity consuming process.

What these startups have done well is to use smart contracts (first introduced in Ethereum) and new emerging technology to come up with some mind-boggling ideas. So, on to our startups and the possibilities they introduce into our new tech-driven world!
Teamwork in Startups

(From Pexels)