AI and blockchain is potentially a powerful combination that results in trustworthy transactions, enhancing the automation & increasing the efficiency in multiple industries. Below are some areas where AI & blockchain complement each other.

Health Care & Insurance

AI helps in analysing the patient history data and provides suggestion for better patient health outcomes.AI helps in identifying the fraudulent services & ensures right re-imbursement for the providers. On the other hand, blockchain helps to transfer health care data from one place to another securely.

Enhanced security & fraud detection

Block chain provides a decentralized approach for tamper proof ledgers & ensure that transactions are secure and immutable. On the other hand, AI helps in analysing the blockchain data, detect fraudulent activities, suspicious patterns & issues in transaction.

Supply Chain and financial transactions

AI has the power to predict supply chain disruptions, optimizing the logistics and identify inefficiency. On the other hand blockchain ensures tamper proof record of transactions, that automatically reduces the number of frauds and increases data accountability.

Secure and transparent data sharing

AI can process huge amount of stored data for insights while ensuring privacy through cryptographic techniques however on the other hand, blockchain ensures data integrity making shared data trustworthy across all the stakeholders.

Transparency and Trust

AI analytical capabilities along with blockchain’s transparent ledger provides a comprehensive audit trail of transactions & ensures accountability and trust. Blockchain also ensure the AI models integrity & help health care and finance sector decisions more precise and trustworthy.

Improved efficiency

AI models assist in making decision over the blockchain network, ensuring transaction are valid and optimized.AI also helps in scaling blockchain’s network by increasing network performance and transaction output. Sunny Bhardwaj