The Integration of Artificial Intelligence and Blockchain (self.CryptoCurrency)submitted 10 minutes ago * by gazstevens73Neurochain aims are to create a completely new, sustainable ecosystem based around the technologies of blockchain and AI by developing and unlocking cutting edge technology.I would hope you all have a good understanding of what blockchain technology is by now, simply put, a digital filing system using distributed ledger technology to encrypt data and thus creating a tamper proof database which can only be updated by those with permissions via private keys.Artificial Intelligence however may not be so obvious to some. From Neurochains perspective it is seen as creating an ecosystem that will utilize machine learning, neural networking and big data processing using bots(nodes) to seemingly learn and perform tasks effortlessly and efficiently. The more data they are fed the more they will learn and the more intelligent they will eventually become.Distributed ledger technology due to its cryptography is an inherently secure way of storing data however it is currently very slow and requires the brute force approach to confirm any transaction, even POS by comparison is relatively slow.Neurochain is aiming to solve this issue, and, may have already solved it using its unique consensus method Pii and Proof of Workflow. The algorithms behind it are quite complex and can be thoroughly investigated in the whitepaper, but it is clear to see that the technology is there and with Main net just weeks away the proof will be in the pudding as they say.Running on bots (Neurochains equivalent of nodes), Neurochain is able to reach consensus using a lot less power, so much so that a bot will be able to run on something as simple as a mobile phone. “Bots are made up of four layers.... communication layer, security layer, a layer which is the copy of the neurochain blockchain, and a creation layer for creating new blocks. With those 4 layers we have a wallet which holds the ncc token. The ncc token allows you as a bot owner to buy business applications on the network just as you would with an app type store. Bots are open source and can be downloaded by anyone.All the Bots are connected, and they can leverage information coming from the other bots. In this way the concept of machine learning is producing a collective intelligent network. When all these components begin communicating with eachother the information becomes more and more intelligent because of all the collective being collected by the other bots.By combining AI with DLT the Neurochain bots are able to become much smarter and provide much more convenience and value to any applications using them, for example within the medical field they may be able to determine accurate diagnosis for a patient based on the data held about that patient combined with the data collective that has been learned.” Source: Neurochain Telegram ChannelNeurochain is attempting to target initially six industry sectors where they believe AI will play an important future in transforming these areas to become more efficient and secure.AI and • Banking • Insurance • Public sector • Retail • Logistics • HealthcareConclusion Artificial intelligence and blockchain are new and exciting technologies in their own right, but when combined they have the potential to completely revolutionize all aspects of industry. Both together serve to enhance the capabilities of the other and Neurochain aims to be a fore runner in this field.This is of course my own personal opinion of the project and I am invested, of course as always you should DYOR but for me long term this project will rock the crypto world.http://bit.ly/2DNZY9j http://bit.ly/2WujwHb
Submitted May 04, 2019 at 02:55PM
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