Ripple CTO and AWS Explore the Explosive the $20 Trillion AI-Blockchain Opportunity
The post Ripple CTO and AWS Explore the Explosive the $20 Trillion AI-Blockchain Opportunity appeared on BitcoinEthereumNews.com.
Ripple CTO David Schwartz and Dimitri Restaino discussed how AI and blockchain convergence may create a $20 trillion economic opportunity by 2030. They emphasized how supply chain management, healthcare, and finance are already changing as a result of the convergence of blockchain and artificial intelligence. In a recent episode of Ripple’s Block Stars podcast, Ripple CTO David Schwartz and AWS Senior Solutions Architect Dimitri Restaino talked about the possibilities of integrating artificial intelligence (AI) and blockchain. During their discussion, they highlighted how the integration of these two technologies can unleash a $20 trillion economic opportunity across sectors by 2030. During the conversation, Schwartz posed a question: “What are some ways that AI can improve blockchain or blockchain can improve AI?” Restaino replied that at first blush, blockchain and AI seem like they’re opposites. AI is automation and intelligent decision-making and typically operates unseen. Blockchain, he said, is all about openness, making things verifiable and tamper-proof. But he pointed out that these two technologies have a tendency to complement one another in different ways. Blockchain enhances AI by providing an unalterable, secure, and decentralized repository of information such that AI systems can employ datasets with high integrity that are verifiable and secure. On the contrary, AI pushes blockchain ahead with increased functionality in content generation, customized experience, and NFTs. In addition, AI devices like language models (LLMs) enable inquiry of blockchain information through identifying crypto transaction trends, and suggesting bordering accounts using available blockchain data. AI’s Role in Blockchain Data Analysis Restaino offered an example of how AI is affecting blockchain analysis. Users are now able to pose advanced blockchain questions in natural language instead of composing sophisticated SQL queries, thanks to AI-based models. He illustrated this by saying, “I could potentially have an AI and say, ‘These 10 Bitcoin accounts…
