Blending Blockchain and AI may Increase Data Privacy | BTCMANAGER
Bitcoin, Blockchain & Cryptocurrency News
Blockchain and AI together can bring substantial benefits to society. The combination of the two disruptive technologies may allow users to verify the correct usage of the data they had shared with tech companies and potentially identify anomalies more easily. This according to a news report from Forbes, September 3, 2019
The World of Data
In the current world, it’s difficult to find a more useful resource than data. Due to its wide range of applications, data can be extremely essential at a corporate level in various business units. The consolidated exponential use of data has reshaped companies’ needs. It is, in fact, critical for companies to store a significant amount of data internally. Procedures which raise many concerns on topics such as privacy, security and data governance.
Researchers think that 90% of the world’s data has been produced over the last two years.
Traditional models used to guarantee free services to their users in exchange for their own data. However, if data continues to attract companies it also gains more value, and this may translate to different models in which users are eventually paid for sharing their data to service providers.
Blending Blockchain and AI
As per the report, Siraj Raval, the creator of the School of AI and YouTube influencer, noted that people must be better educated on the specifics of data usage. Users should comprehend how data is safely stored and used.
Siraj Raval highlights how blockchain technology can be used to overcome many issues in data governance,