Exploring the Synergy Between AI and Blockchain for Decentralized Autonomous Systems
Introduction
Nobody can deny that there have been a fast and rapid growth of the evolution of technology and this has really brought massive good news most especially the fact that artificial intelligence has really changed and transformed a whole lot of things as it has been a pivotal forces.
Technologies have been able to transform the industries and a lot of sector around and one of the technology is the Blockchain technology most especially I must confess. The fact that DAS is out which is called the Decentralised autonomous systems which has been able to transform a whole lot of transparent systems that have been lacking for years. Today I will be talking much more deep in it.
Understanding Decentralized Autonomous Systems
There have been a whole lot of confusion that has been ongoing for the Decentralised autonomous systems which we really need to look into. The first is the fact that Decentralised autonomous systems are those that operate by themselves and that was possible because they make use of something called smart contracts. Smart contracts is not a new name again, they are the ones that shaped the Decentralised finance
They are designed in a way whereby it helps to make use of the Decentralised autonomous systems to be able to drive. Come to think of it, the Decentralised platforms that we have out there also depends on the attributes of Blockchain like the transparency and Immutability to thrive but the role that AI will play is to make sure that decision making on those platforms are efficient.
The Role of Blockchain in DAS
Let me start by discussing about the role of Blockchain in DAS. The way Blockchain technology works, it works in a way whereby it is the foundation on which DAS is built on. Like I said earlier, there are some unique attributes that Blockchain technology has like the Immutability, Decentralisation and many more to actually thrive. This makes it a complete choice on which a lot of autonomous systems thrive. Then of course we have the role of Smart contracts that has been played to make sure that everything is automatically carried out most especially in the aspect of transactions.
Let me talk briefly about the role of AI in DAS. In as much as Blockchain technology plays a huge role in DAS, also artificial intelligence also plays a fundamental role and which can not be denied. In the aspect of AI, it helps to make sure that data are well analysed and that is possible because lot of data's are collected together to make sure that operations thrive which at the end of the day, artificial intelligence plays a fundamental role in the decision making.
Synergy Between AI and Blockchain
Now let me talk about the synergy between AI and Blockchain that exist. The fact that AI and Blockchain technology combined together for DAS helps to take the potential of DAS to another level. There are a whole lot of benefits that both of them brings such as enhancing security and even data Integrity. The fact that AI depends on lot of datas I mean multiple data for analysis, then Blockchain on its own case will offer the advantage of security. Not only that also, talking about the aspect of decisions making which Artificial intelligence handle. At the end of the day, combining both of their advantages helps DAS to go on another level.
Even with the potential that both of them combine together to offer, there are still a lot of challenges that DAS is facing which I believe needs to be addressed. Examples like the aspect of interoperability among different Blockchain platforms and also with the AI systems is also another issue to look into. Sometimes, combining together the interaction of AI systems and Blockchain technology can really be a major hindrance which needs to be looked into. Well I strongly believe it is just a matter of time though, those challenges will be addressed.
Conclusion
As I conclude, no doubt the synergy that exist between Artificial intelligence and the Blockchain is helping to take DAS to another level which we have not even started seeing. It is just a matter of time but one of the things I am very optimistic about is the fact that the Future is definitely bright. Though there might be challenges right now but it is just a matter of time before they are been addressed.
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Regards,
@jueco
Note:- ✅
Regards,
@jueco