Business
AI & Blockchain Accelerating Each Other’s Growth; Gopher Protocol, Inc. (OTCQB: GOPH), Accenture
AI & Blockchain Accelerating Each Other’s Growth; Gopher Protocol, Inc. (OTCQB: GOPH), Accenture.
About this update from Gbt Technologies Inc.
[{"type":"text","content":"\nPOINT ROBERTS, Wash., Nov. 27, 2018 (GLOBE NEWSWIRE) -- Investorideas.com a global investor news source covering Artificial Intelligence (AI) and blockchain issues a sector snapshot of how the two technologies are synergistically building momentum.\n As the Artificial Intelligence and blockchain technology markets independently garner much attention and hype, they are complimenting and accelerating each other’s already rapid growth. An article from Forbes titled: Can AI Bank On Blockchain To Power Science & Medicine's Future Progress? makes the case that as the application and reach of Artificial Intelligence in the healthcare and medicine field grows, it puts excessive demands on current resources. Blockchain technology can make the use of resources more efficient to reduce a potential “ceiling on innovation”. ...blockchain or Distributed Ledger Technologies (DLT) are touted and looking to offer a solution with more effective resource-consolidation and dissemination, which can help AI do more by being a reliable source of power to draw from. The article quotes COO of blockchain and crypto marketing company Savii Digital, Siim Õunap on how crypto was devised in part to address the resource-consolidation problem encountered with AI: “One of the little-known reasons behind the creation of the Bitcoin protocol was to get enough computing power to solve complex mathematical problems that no one computer could by itself,” he said. “As the process went on, it evolved and virtual currency was born. Even though computing power was used for something else, it created an ideal solution to combine hardware efforts to power among other things, AI and IoT. Now, almost a decade since it first started, it can be seen being used widely by many companies and I believe that this is just the beginning.” This point is echoed by Professor Andrew K. Hacker of Harrisburg University, and founder of Thought AI. “Blockchain technologies hold the promise of adding structure and accountability to AI algorithms and the quality and usefulness of the intelligence they produce,” he said. This is borne out in a report from Accenture (NYSE:ACN) titled: Powered by Blockchain: Realizing AI’s Full Potential. The report claims that blockchain is the “perfect partner for AI data”, argu...