AI (Artificial Intelligence) has been progressing at a steady rate, but it has come under fire for the lack of transparency behind its programming. In the past few years, however, we’ve seen a wave of AI-powered services that are transparent and verifiable, meaning that users can trust that they are getting what they want. There is, of course, a balance to be struck, and researchers are considering ways to improve it. One of the most notable examples lies in blockchain technology, which is designed to trace any transaction that is made.
Understanding Blockchain
Blockchain is forecast to grow by 67 billion dollars by 2026.
Blockchain allows digital information to be distributed but not copied or modified. In other words, it is a database that can be updated by multiple parties. The technology has been used in various industries including the financial sector and has recently made its way into the AI industry.
- The blockchain is a decentralized peer-to-peer network.
- It is a distributed database that is stored on many computers across the world. It is a public ledger of all transactions that have ever occurred. It is a tool for everyone to participate.
