5 Artificial Intelligence Blockchain Trends to Watch in 2019
What does the future look like in the blockchain sector? Here are five artificial intelligence blockchain trends to look out for in 2019.
Keyword(s): artificial intelligence blockchain
The future is here and artificial intelligence blockchain is not only a reality, but it is also a rapidly growing industry. Statista even believes the market could reach 2.3 billion dollars by 2021. That is a huge market share.
What does that mean? It means you want to get in on the ground floor before it really starts taking off!
Now you might be thinking, “Where do I even start with this? I’ve heard of cryptocurrency, but how do I get onboard?”
Don’t worry, we’ve got you covered. Keep reading for some of the hottest blockchain trends to look for in 2019!
What is Artificial Intelligence Blockchain?
First, let’s start with some groundwork. What is blockchain?
Blockchain is a system where transactions are recorded using some form of cryptocurrency and then maintained over several computers that are linked by a P2P Network (Peer-to-Peer).
Which leads to the next question, what is cryptocurrency? I’m sure you’ve heard of BitCoin, either on the news or through a meme online, but that is just one of its many forms. Cryptocurrency is simply a form of digital currency that allows for more secure transactions.
Now that you know what it is, here are some of the hottest trends for 2019.
1. Big Data
One of the biggest problems facing blockchain’s growth has been its inability to find a good balance between speed and performance. Transactions need to be faster while also decentralized and secure.
With the growth of more complex data-driven AI algorithms, big data is bringing us more and more information. This combined with blockchain technology mean the possibilities are endless and always expanding.
2. Security Tokens
These are very complex, but think of them as sort of a digital crypto exchange. They are the balance of an internal system of currency and can be used as a form of payment.
Unlike traditional stock exchanges like the Swiss Stock exchange or the NASDAQ, this allows for much higher efficiency with transactions.
3. Artificial Intelligence
AI has been used for decades and has been growing every year. But combining with blockchain will allow for even more rapid growth. In order for AI to grow, it needs an extremely high level of security, and blockchain offers that.
Don’t worry, this isn’t how Skynet is created. And this won’t be the beginning of the Terminator uprising. It’s actually going to make doing business both quicker and easier.
4. Social Network Expanse
Blockchain is now making it possible for social networks to create global communities by verifying users to ensure the validity of the users. This also allows these social networks to reward their users in a way that wasn’t possible before.
Expect to see social networks using this technology to start sharing their profits with users, the same way they have with traditional stakeholders in the past. The elimination of a third party gets rid of any compromise of quality.
5. Reputation on the Rise
Blockchain has had a reputation in years past of strictly being part of cryptocurrency. However, this is just one of its many uses according to Nikao Yang, the COO of Lucidity Tech.
One of the biggest things that is going to help change blockchain’s reputation is simple. Education. If people have a better understanding of the potential, they will be more apt to implement it themselves.
Time to Jump on the Bandwagon!
What are you waiting for? It’s time to step into the future with artificial intelligence blockchain and completely transform your business.
To learn more about blockchain, make sure to register for our summit April 9-10! This is an event you won’t want to miss!