Book Image

Practical Artificial Intelligence and Blockchain

By : Ganesh Prasad Kumble
Book Image

Practical Artificial Intelligence and Blockchain

By: Ganesh Prasad Kumble

Overview of this book

AI and blockchain are two emerging technologies catalyzing the pace of enterprise innovation. With this book, you’ll understand both technologies and converge them to solve real-world challenges. This AI blockchain book is divided into three sections. The first section covers the fundamentals of blockchain, AI, and affiliated technologies, where you’ll learn to differentiate between the various implementations of blockchains and AI with the help of examples. The second section takes you through domain-specific applications of AI and blockchain. You’ll understand the basics of decentralized databases and file systems and connect the dots between AI and blockchain before exploring products and solutions that use them together. You’ll then discover applications of AI techniques in crypto trading. In the third section, you’ll be introduced to the DIApp design pattern and compare it with the DApp design pattern. The book also highlights unique aspects of SDLC (software development lifecycle) when building a DIApp, shows you how to implement a sample contact tracing application, and delves into the future of AI with blockchain. By the end of this book, you’ll have developed the skills you need to converge AI and blockchain technologies to build smart solutions using the DIApp design pattern.
Table of Contents (15 chapters)
Section 1: Overview of Blockchain Technology
Section 2: Blockchain and Artificial Intelligence
Section 3: Developing Blockchain Products

Converging AI and blockchain in financial services

The financial services industry provides the economic backbone for institutions, organizations, and individuals to operate in a well-defined digital environment today. Although financial services maintain a good reputation as one of the earlier adopters of all technologies, the same may not apply to the blockchain technologies. This may be due to the complications that arise from the transparency achieved in the process. However, we must understand that the application of blockchain with AI is almost inevitable at this point because most tech companies are starting to provide banking and insurance solutions to customers. This is clearly disintermediating people from traditional banks and insurance companies. In the interest of future usage, I suggest that you consider developing applications in the following use cases.

In the following sections, we will cover the issues faced by the insurance sector in the financial services domain and...