Blockchain technology is sometimes presented as a cure-all – a technology that can improve everything from finance to health, and anything in between. While it may not be able to solve all the world’s ills, there is no doubt that it is a hugely powerful technology that can be used for a large amount of good. One field where the blockchain could have a profound effect is in artificial intelligence, as Yessi Bello Perez outlined on The Next Web.
Unlike cloud-based solutions, the data on a blockchain is broken up into small sections and distributed across the entire computer network. There’s no central authority or control point, and each computer, or node, holds a complete copy of the ledger – meaning that if one or two nodes are compromised, data will not be lost. All that takes place on the blockchain is encrypted and the data cannot be tampered with. Essentially, this means blockchains are the perfect storage facility for sensitive or personal data which, if processed with care with the use of AI, can help unlock valuable bespoke experiences for consumers.