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

The role of AI in cryptocurrency

Cryptocurrencies have enabled users across the globe to carry out commercial operations in a personal capacity as well as in an institutional capacity. This has reduced dependencies across the value chain, and, in some cases, has disintermediated the role of the stakeholders. Cryptocurrencies such as Bitcoin, Ethereum, and Ripple (under some constraints) have enabled a large number of people to disintermediate or explore new white spaces in the economy, including concepts such as Non-Fungible Tokens (NFTs), an Initial Coin Offering (ICO), and a Decentralized Autonomous Organization (DAO).

AI, on the other hand, has been utilized in the Banking, Financial Services, and Insurance (BFSI) industry to reduce operational risks across borders, thereby leading to effective profit-making among institutions. The convergence of both technologies can be mutually beneficial to AI and to the cryptocurrencies.

Before we delve deeper into the role of AI in cryptocurrency...