Blockchain could be used in areas that requires complicated logistics or a high level of reliability.
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What Is Blockchain?
A blockchain is a digital ledger where digital records on particular actions, such as transactions, are stored in multiple blocks. As soon as the transaction is verified and added to a block, it can’t be erased or changed. Moreover, the history of records can be seen by every user, which makes it a highly transparent technology.
What Are the Main Challenges Behind Blockchain?
Blockchain could be used in each area that requires complicated logistics or a high level of reliability. But why then has it not yet been used during the government elections across the world or, for instance, to trace containers in heavily-loaded docks? Let’s briefly discuss the main issues that blockchain has.
As mentioned above, crypto mining systems that keep a blockchain running are normally organized as thousands of miners installed at a facility. This not only occupies a lot of space in your office but also makes it hard to transfer the equipment. Even individually established mining rigs are burdensome and in case of mechanical issues are extremely difficult to move from one place to another.
There is an alarming number of blocks on each decentralized infrastructure. Each of them contains its data, codes, records, receipts, and a plethora of complex information. Every minute on Earth a new cryptocurrency is created and added to a new blockchain for circulation or a new project is launched using a decentralized ledger. This outbreak of data, although relatively safe, is still vulnerable to security issues as there are not enough resources to guard each bit of private data separately. With the waves upon waves of data running through the blockchain, it’s not that far-fetched to think that the transaction receipts or ledgers can sometimes be tampered with by hackers.
Overuse of Energy
Cryptocurrency mining rigs leave behind a heavy carbon footprint. Although many companies attempt to use hydroelectric energy or windmill facilities in an attempt to power the system, it is still a massive expenditure of money.
Although cryptocurrency has a history of more than 10 years, it is still out of the mainstream. This has created a talent gap in the space where the number of IT staff familiar with blockchain is significantly lower than the market demand.
What Is Artificial Intelligence?
Artificial intelligence is creating machines that can mimic human intelligence. Its goal is to develop products as smart as, or even much smarter than humans so that the issues that are beyond the realm of human abilities could be solved. To understand how blockchain can help AI, let’s focus on the main challenges in this area.
What Are AI’s Main Challenges?
The main thing that differentiates us from animals (and robots) is our ability to distinguish between right and wrong, to understand complex abstract concepts, and abide by moral codes. That is, to be rational. Artificial intelligence fails to replicate this way of thinking. This can lead to massive complications, especially since AI is actively used in warfare technology.
Unaffordable Equipment and Workforce
Same as with blockchain, the budgets for implementing AI technologies can be immense. Even the Big Tech companies are sometimes struggling to pay for it. In addition to that, let’s not forget the extremely costly (and not that numerous) workforce that is required to deal with AI.
One of the most innate flaws of machines is that there is always a high risk of lagging, and AI can bear a part of the responsibility for that. When the incidents arise, it is also hard to investigate whether it was because of a user, developer, or manufacturer.
Unmanned navigation, such as the autopilot mode in cars, fails to function as precisely as human one. Sometimes it ignores obstacles and provokes accidents, which makes AI navigation unreliable so far.
How Can Blockchain, Robotics, and AI Cooperate?
AI simulates human intelligence, and robotics imitates human actions. When combined, the two can significantly decrease the amount of human labor. In particular, it relates to the time spent on simple tasks, like taping up boxes or bolting details together. Swarm robots could deal with those tasks effectively.
One of blockchain’s main goals is to reduce time and costs, too. Same with AI: as it evolves, it can perform any type of boring job, whereas the human workforce can be used for more complex tasks. Three different tech industries, therefore, share a similar aim. Let's have a look at how merging blockchain, swarm robotics, and AI technologies can solve the challenges in these fields to give us a better net product.
The blockchain is already doing great with transparency and security, as information contained in blocks is really hard to alter. However, could it be even more efficient with the help of AI? Imagine a pattern that detects hackers. Or a neural network that detects double spending automatically.
Going even further, AI and robotics could help blockchain by replacing the limited workforce in the area. Just for a moment, think of robotic Bitcoin miners that approve transactions way faster than humans. Could that be a solution to speed up the transactions and reduce energy usage, too?
Blockchain can help AI with difficult tasks, such as moral choices that represent a huge issue for robots. Mining rigs can solve complex computational issues, which, combined with the speed of AI, can create self-thinking robots and further decrease the amount of human verification in robotics.
Smarter, Cost-Effective Systems
To sum up, blockchain can enhance the functions of robotics by providing decentralization to create a self-regulating ecosystem. In the fields where computation is required, AI and blockchain mixed could bring to life robots that solve complex mathematical equations efficiently. This will significantly lower the overall costs and bring in more profit.