AI and Blockchain: Three Companies Exploring the Industries

Artificial intelligence has been one of the most cutting-edge industries in Computer Science for decades now, and with recent developments such as Googe’s BERT program which improves AI reading comprehension and tools like the Recursive Cortical Network used to strengthen computer-based deep learning, things are looking very promising for the future. There are many areas within artificial intelligence which are being focused on but recently a new sub-field has been created: artificial intelligence and blockchain technology.

While the two subjects may seem like unusual partners, they actually meld together surprisingly well. This is in large part due to how encryption, and cryptography as a whole, are perfect for artificial manipulation. Here are three companies which are working on marrying the two industries together right now.

DeepBrainChain

DeepBrainChain is a NEO-based cryptocurrency token which uses blockchain technology to power its artificial intelligence neural network. This neural network is fully decentralized, making it highly sought after by organisations who develop their own artificial intelligence programs but do not wish to adopt the neural networks of other closed and centralized services (as is currently the norm in the industry). Decentralized neural networks have the advantage of being independent, making them more trustworthy; an important factor when undergoing research projects. Additionally, this decentralized neural network is significantly cheaper to use than its centralized counterparts because it requires much less processing power.

Velas

Velas is a cryptocurrency and blockchain project which is using artificial intelligence to power its consensus algorithm. The idea behind the project is that a meticulous, calculating, and multifaceted artificial system is the best tool for maintaining a blockchain, allowing for higher prevention of inaccuracies.

To do this, Velas uses its own consensus algorithm called AI-Operated Delegated Proof of Stake. As the name suggests, it is built from a modified form of the Delegated Proof of Stake model, created by Daniel Larimer, but rather than relying on human intervention to vote on delegates and detect inconsistencies, it uses an exponentially growing and ever-learning artificial intelligence program instead. This consensus algorithm additionally gives Velas certain abilities which other cryptocurrencies simply cannot do, such as slowing down and speeding up its network to help maintain equilibrium within the ecosystem.

Singularity NET

Singularity NET is an artificial intelligence marketplace, where users can share and trade their AI projects, allowing for a greater number of people to have access to AI data than ever before. Perhaps its most important feature is that it allows separate AI tools to communicate between one-another, meaning that they can be connected with ease. Singularity NET is largely designed for the research field, but it also has uses in the commercial market, as people can sell access to their projects through the blockchain.

Of course, these are just a small handful of artificial intelligence based cryptocurrencies currently in the industry. There are many others working on different problems which are also worth exploring. DeepBrainChain, Velas, and Singularity NET are some of the first companies to marry the world of AI and blockchain together, but in the years to come there are sure to be other startups working in the field too. It may even be that the future of blockchain technology relies largely on artificial intelligence as a whole, as we have no idea what blockchains will be like once quantum computing becomes the norm.