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Artificial intelligence and the advancement of Blockchain

Artificial intelligence and the advancement of Blockchain
  • Hey Siri! This is a phrase that has become normal in our society as it is today. 
  • From using simple commands on smartphones with Siri or Alexa, artificial intelligence has grown a lot over the past few decades.

Hey Siri! This is a phrase that has become normal in our society as it is today. From using simple commands on smartphones with Siri or Alexa, artificial intelligence has grown a lot over the past few decades. 

There has been a rapid advancement of technology in nearly every aspect of human life and interaction. It is not popular to have artificial intelligence in nearly everything that we do and there is definitely a reason for that.

Many tech companies are adopting new kinds of technology and the market size for this industry is expected to go to $126 billion in five years time. 

Looking into the crypto space, distributed ledger technology and digital assets have exceeded many people's expectations and are looking to complete them with traditional Fiat currencies. 

The pandemic of COVID-19 has made it clear that the US dollar is not fit to be a world reserve currency. Many people are now turning to gold with others turning to bitcoin as potential reserve assets.

As technology advances, blockchain is coming into the picture. Extremely new and sturdy kind of technology to keep transactions verified and safe at the same time. But that being said they can be hacked and attacks are very time-sensitive with the first response to the hard being the most effective part of the whole process. Many AI-based cybersecurity systems are designed to identify threats in real-time as well as understanding the nature of the threats and prevent future attacks by blacklisting its source.


It will be interesting to see how this situation plays out. For more news on this and other crypto updates, keep it with CryptoDaily!

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