Machine learning and blockchain

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Assalamualaikum steemians

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How are you? Hope everyone would be safe and sound just like me as I am also safe Alhamdulillah....

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Machine learning and blockchain is my today's topic to share I would like to cover different aspects related to my topic.

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Machine learning and blockchain are most quick and advanced technologies which are transforming industries and revolutionizing the manner in which we mag live and work but they couple seem just like unrelated fields but they also have ability to complement each other in different manners.

Machine learning is just like a small set of artificial intelligence which let different machines to gain learning from data and for making predictions or decisions without being programmed. It contains different applications which includes image and speech recognition, natural language processing, and predictive analytics.

Blockchain on other side is not centralized and a distributed ledger technology which cause most secure, transparent, and free from fraudulent data storage and transactions. It is strongest foundation for cryptocurrencies such as Bitcoin and Ethereum but their applications extends far beyond digital currency.

If I talk about convergence of machine learning and blockchain then it has ability for creating a new generation of intelligent systems which are most transparent,safe , secure, and decentralized. There are some methods in which they can intersect:

Data management

Blockchain could be a way of providing a secure ,safe and decentralized platform for storage and management of large datasets which are utilized in machine learning.

Model training

Blockchain could enable decentralized training of machine learning models which permit for multiple parties for collaborating at model development without exchange of sensitive data.

Model deployment

Blockchain could provide most safe and transparent platform for deployment of machine learning models which may enables decentralized decision making without any need of intermediary.

Explainability

Blockchain could be a way of providing a fraudlent proof record of machine learning model decisions which enable high level of explainability and accountability.

If I talk about combination of machine learning and blockchain then these has different applications across industries which includes the following;

Healthcare

Safest and decentralized managing of medical data and AI-power diagnosis making.

Finance

Necessary for fraudlent detection, credit scoring, and lending in decentralized manner.

Supply chain management

For supply chain management it cause predictive analytics and secure tracking of goods.

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If I conclude and I share my final thoughts on this topic then I can say that integration of machine learning and blockchain has a lot of ability for creating a new generation of intelligent systems which are transparent, secure, and decentralized. With time when these technologies continue its evolution then we can expect to see more and more innovative applications across multiple industries.

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Thanks

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