Artificial Intelligence and Blockchain Integration in Business: Trends from the Video Content Space

Merging Blockchain with Artificial Intelligence (AI) can bring new opportunities for businesses, enabling new ways to create value, and streamline processes.

The integration of Artificial Intelligence (AI) and blockchain technology has the potential to revitalize industries by creating new digital business models. The Fourth Industrial Revolution (IR4.0) has led to the emergence of these two disruptive technologies, AI and blockchain, that are driving significant changes in the industry.

Combining two revolutionary technologies can lead to new digital business models and potentially provide new solutions to existing problems in different industries.
How AI and Blockchain have Introduced Radical Shifts in Different Fields
Currently, we are experiencing the growth of two revolutionary technologies - blockchain and artificial intelligence, with the former fundamentally transforming the internet and making transactions faster, more secure, and transparent. The latter has opened new possibilities for various industries by automating repetitive tasks and allowing humans to focus on more complex and important obligations. The combination of these two technologies creates a powerful synergy that can drive innovation and change in the way we conduct business and interact with technology.

Business processes like logistics and supply chain management, and payment and settlements are increasingly turning to the integration of blockchain and AI. Supply chain management is particularly well-suited for this technology, as key players are actively developing blockchain-AI interfaces to improve the management of complex supply chain systems. As more and more enterprises adopt blockchain-AI solutions, the market for this technology is expected to grow. A good example would be having smart sensors integrated along crucial supply chain locations to track products and services with the system feeding the resulting data to distributed ledgers, then AI tools can analyze it to attain real-time end-to-end tracking.

The Blockchain-AI merger brings in an aspect of enhancement in the acceptance of cloud-based security solutions by bringing in great benefits such as easy deployment, cost-effectiveness, security, and single management facility across all end-point devices. Cloud-based Blockchain-AI solutions help in improving the scalability of these systems and are cost-effective for organizations that don't want to rely so much on on-premises solutions.

Entertainment is another docket that has benefited from the integration of blockchain and AI technologies. With the entertainment industry split to multiple other fields, let’s focus on the Video Content space and analyze the role Blockchain tech and artificial intelligence have played thus far.

What Gaps Exist in the Video Content Scene that this Merger can Seal?
The video content scene has been exploring ways in which it can leverage blockchain and AI to improve some of its stagnating aspects such as rights management, monetization, and content distribution.

Through blockchain technology, the content distribution problem is fixable by creating decentralized platforms that let creators connect with their audience directly. These platforms can also solve the monetization conundrum by letting creators monetize their video content without the need for intermediaries. As for the rights management issue, smart contracts can help in automating the licensing and rights management of content, making content production more transparent and efficient.

AI can be used to create personalized content recommendations by analyzing audience data and can also automate the process of creating and editing digital content. There are projects that integrate Blockchain technology with AI-powered virtual and augmented reality experiences to come up with immersive user experiences. Projects like AIWORK have shown us that the integration of blockchain and AI in the video content space has the potential of disrupting traditional entertainment models and creating new opportunities for creators and consumers alike.
AIWORK’s Role in the Blockchain-AI Integration in Video Content
Dubbed 'The Open Network for Artificial Intelligence,' AIWORK is a blockchain-based network connecting AI data set creators with a marketplace of crowdsourced AI Human Experts. These experts aid in the creation, verification, and validation of AI data sets, which can improve the intelligence and performance of AI systems.

The AIWORK team argues that in as much as video content is easily accessible, finding specific content is cumbersome. Another problem they mention is how video content is everywhere but no improvements in monetization are visible for the content producers. To solve these two, the project uses a decentralized, open-source blockchain protocol and ecosystem built on a consensus network of Artificial Intelligence (AI) computing resources and a community of human experts that work in unison to generate normalized and enhanced metadata for video content. The enhanced metadata serves as AIWORK's foundation towards developing their first dApp that works as an open search engine for video, one that is decentralized, indexed and maintained by our community. Their role in the entertainment industry is to decentralize and democratize online video, giving power to the content creators and consumers alike.

By integrating Blockchain and AI, projects like AIWORK can bring new opportunities for the entertainment sector, enabling new ways to create value, and streamline video content processes. Blockchain-AI is an emerging landscape, so opportunities are limitless, which makes this a lucrative path for individuals, organizations, and tech projects to drive innovations and push boundaries.