Dr. Mahmood Al- Iman from Blockchain Technology Malaysia (BTM) conducted an industry talk on the latest trends in Artificial Intelligence (AI) on 26 April 2018 at Limkokwing University’s Hall of Fame.
The BTM Data Scientist spoke in depth about the difference between artificial intelligence and blockchain and how they can work hand in hand.
“Blockchain is helpful when you have untrustworthy parties trying to deal with each other because it can provide a protected way to store your data. It’s like a centralised database, where your data is distributed and copied in a number of computers. In order to hack and change the data you have to get a consensus of more than 51% of these computers in order to change, so there is a protection, blockchain provides you with security and the transparency.”
MUST READ: ‘Why Blockchain Matters’
Dr. Iman said that blockchain is highly required when dealing with artificial intelligence, because the latter constantly requires data in order to advance.
“When you build your neuro network and it is a mimic of the simulations of neurons in your brain we make it as a code in a programme. We call this the training phase of the neuro network. To train the neuro network to do something we need to feed it with a stream of data continuously, without data the neuro network cannot learn and will not evolve.”
Even though AI needs data, Dr. Iman said it is imperative to give the network reliable data.
“This is where blockchain can be a good fit. Blockchain can provide secure transparent data that can feed on your network to give a real and more accurate prediction.”
Citing State Street Corporation he mentioned that 49 percent of all start ups which deal with Blockchain as the primary business open an AI chain for it.
“Out of every two start-ups that is working with blockchain, one of them deals with AI. You can see that AI and Blockchain work hand in hand.”
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