It's still not clear from your article how can AI be used with blockchain. Can you show any concrete examples? Because it looks more like just a combination of two popular buzzwords. Since 2016 there has been countless ICOs that promised AI blockchains, and they all turned out to be scams.
Fundamentally, blockchain is about storing data, and AI is about solving problems. They don't easily intersect, so all attempts to do so look very forced and unnecessary.
Sure, here are some specific examples of how AI is being used in cryptocurrency and blockchain:
1. Fraud detection: AI algorithms can be used to analyze large amounts of data from cryptocurrency transactions to identify patterns that are indicative of fraudulent activity. This can include detecting anomalous behavior, such as unusually large transactions or suspicious network activity, and flagging them for further investigation.
2. Market prediction: AI algorithms can also be used to analyze market data and predict future trends in cryptocurrency prices. By analyzing historical data and identifying patterns, machine learning models can provide insights into potential price movements that can be used to inform investment strategies.
3. Smart contracts: Smart contracts are self-executing contracts that are built into blockchain technology. AI can be used to optimize the execution of smart contracts by identifying potential issues and providing solutions to improve their efficiency.
4. Mining optimization: Cryptocurrency mining can be a resource-intensive process that requires significant computing power. AI can be used to optimize the mining process by identifying the most efficient algorithms and hardware configurations to maximize the mining output while minimizing energy consumption.
5. Identity verification: Blockchain technology offers a secure and decentralized way of verifying identities. AI can be used to enhance this process by analyzing biometric data, such as facial recognition, to verify individuals' identities and prevent fraud.
Overall, AI has the potential to provide numerous benefits to the cryptocurrency and blockchain industries, including increased security, efficiency, and scalability. As these technologies continue to evolve, it's likely that we will see even more innovative uses of AI in this space.