TECH

European Commission Arm Says Convergence of Blockchain and AI Is ‘Upcoming Trend’ To Watch


European Union (EU) researchers think the convergence of blockchain technology and artificial intelligence (AI) could have “significant potential.”

In a new report, the EU’s Blockchain Observatory and Forum (EUBOF), an initiative that monitors distributed ledger developments across the continent, probed the current regulatory status of crypto assets in the 27 EU member states, as well as the United Kingdom (UK) and Switzerland.

EUBOF researchers also examined potential upcoming trends in the digital asset space, noting that AI and blockchain could enhance each others’ capabilities.

Explain the researchers,

“Blockchain can provide a secure and transparent framework for AI data, ensuring data integrity and privacy. This is particularly important in sectors such as healthcare and finance, where data security is paramount…

Blockchain can enable decentralized AI networks, where AI models and data are distributed across a blockchain network. This can reduce the risk of data monopolies and promote collaborative AI development…

AI can enhance the functionality of smart contracts by enabling more complex and adaptive contract conditions. This can lead to more efficient and automated processes in various industries.”

The EUBOF researchers also predict that decentralized finance (DeFi) will continue to expand, more chains will implement interoperable capabilities and there will be a continued push toward more environmentally sustainable blockchain solutions.

Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Follow us on X, Facebook and Telegram

Surf The Daily Hodl Mix

&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney





Source link

Related Articles

Back to top button