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Why Is AI Better Than Blockchain Technology?

They are the leading technologies, promise to bring innovation and growth in every industry

Photo by Christina Morillo on Pexels

Artificial intelligence and blockchain technologies have evolved and captured a good share in the market. They are the leading technologies, promise to bring innovation and growth in every industry. A Blockchain is a database, which stores all the encrypted data for security purposes. Artificial intelligence is, the machines performing traditional human tasks with the required intelligence level.

Mobile app development services are building mobile applications with AI and Blockchain. Both the technologies are rapidly growing; still AI is gaining more positivity in the market. AI models cover a major part in business development, as it analyses data, classifies and predicts the future from data. Artificial intelligence Blockchain works together for a mobile application to work securely.  AI models conduct tasks which an intelligent human can perform, hence it is being more beneficial to the business models. 

Features and importance of Blockchain

Blockchain technology is an emerging business need which provides security to small and large enterprises. It is a general shared ledger, which records business transactions and can be shared and tracked. The blockchain technology services help companies to save and share their ledger in a secured manner, encrypted and encoded. 

  • Stop corruption – the mobile app development services are building applications with Blockchains to stop business corruption. The ledger, transaction and records are always checked and saved in an encrypted manner. 
  • Decentralized technology– the technology is not limited to any single person or a particular network. There is a bundle of nodes operating, making it decentralized. 
  • Enhanced security– there is no presence of centralized authority. No single authority can make any changes. No edit or changes are possible by any single entity. Using blockchain app security ensures a double layer of security to be used, while making any changes. 
  • Consensus– every blockchain works due to consensus algorithms. The architecture is professionally designed, and they form the core. Every blockchain has a definite consensus which allows the network to make decisions. Hire blockchain app developer and secure your mobile application. 
  • Distributed ledgers– the ledger is not centralized. It is maintained and operated by all authorized users. All the computers, which are linked can operate and work on it to bring out better results. With right mobile app development services, you can now work with the latest blockchain technology to achieve great results. 
  • Faster settlement– traditional and old banking systems are now replaced by blockchain technology. Users are enjoying banking services, as they can operate banking solutions within no matter of time. 

Importance of AI

Artificial intelligence, the emerging technology prepared to stimulate reasoning and conducting human tasks. Artificial intelligence is primarily the capacity of machines to reason, learn, think and work. Everything around, can be taken as artificial intelligence if a program is involved in it. AI app development can grow and touch your business in a massive manner. 

  • Error reduction – if programmed well, the computer systems do not conduct any error when it works. The same task when done manually can cause errors, but a well programmed computer will never commit errors. With the help of ai app development the data is collected from prior sources and decisions are based on that. 
  • Available 24*7– humans work for a limited span of time, but machines do not get tired or bored. Human body is made in such a way that it requires sleep and rest. By the help of AI machines can work the whole day, without requiring any rest. Ai in mobile app development, will give you outcome 24*7. The mobile app development services are using artificial intelligence techniques to bring out the best results. 
  • Cyber security– Ai is a pioneer in cyber security. With Ai security, massive risk and security operations can be dealt with. The applications are secured with the help of artificial intelligence. Confidential data, important information all are encoded and encrypted to ensure security of business. 
  • Digital assistance– the Ai app development in the applications is giving digital assistance to businesses. Human resources are now being replaced for interaction with customers. Chat bots are now used by business, to chat with customers about their queries and complaints. 

AI and Blockchain Combination

It is quite clear to picture that both artificial intelligence technology and blockchain technology are hitting the market hard. They are helping businesses to secure and grow. Any medical emergency or a small customer query can be solved with the help of these technologies. Blockchain future scope is huge, as it assures safety to the business. Every industry, be it medical, educational, service, transport and entertainment are helped by artificial intelligence blockchain method. 

  • Smart computing technology – both blockchain and AI ensures smart computing power. Blockchain and Ai has huge processing power, to get tasks done. AI helps to get the task done in a more intelligent and quick manner. Massive result and outcome is expected, when both the technologies converge. 
  • Ai systems, with the help of blockchain technology shares and access data securely. Companies are sharing data with each other to gain information about the market. 
  • AI systems can improve blockchain in general. The systems ensure more safety, reliability and power to blockchain technologies. 
  • AI helps in gathering data and analyzing them. Data is the most important pillar of any business. When data is collected and analyzed by artificial intelligence, the blockchain technologies help to share the data with the help of nodes. Blockchain technology is a decentralized body and gives access to authorized users to share and learn. 

Inevitable combination of technologies 

The combination of artificial intelligence blockchain has immensely helped the business to stay secured and grow. Artificial intelligence massively helps the blockchain technologies in all round improvements. The convergence is quite inevitable as both deal with two objectives, namely data and value. The two new emerging technologies are benefiting one another in various ways. The result is good successful businesses. Implement these technologies in your business and see how well it develops.

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Written By

Manan Ghadawala is the founder of 21Twelve Interactive which is one of the best mobile app development companies in India and the USA. He is an idealistic leader with a lively management style and thrives raising the company’s growth with his talents. He is an astounding business professional with astonishing knowledge and applies artful tactics to reach those imaginary skies for his clients. His company is also recognized by the Top Mobile App Development Companies. Follow him on LinkedIn.

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