Blockchain and artificial intelligence (AI) aren’t just buzzwords anymore. They are now, undeniably, the leading technologies powering innovation across almost every industry. From blockchain’s ability to track-and-trace food supply chains to AI’s use in almost every facet of healthcare, these technologies have evolved to take on some of the world’s biggest challenges.
Artificial intelligence refers to machines built to carry out intelligent tasks previously performed only by humans. Meanwhile, blockchain is a decentralized network of computers that records and stores data to display a chronological series of events on a transparent and immutable ledger system .
Curious about blockchain and AI? Click here to take a deeper look at technologies that are shaping the future.
Blockchain and AI are powerful technologies on their own. What happens, then, if you combine them? Does blockchain have a greater impact on AI or vice versa? It turns out they actually work in unison to build and organize immense databases, strengthen cybersecurity protocols and perform tasks in a fraction of the time it takes humans.
Here are 14 companies that are combining blockchain and AI with great results.
How it’s using blockchain: Bext360 uses AI and blockchain to boost supply chain transparency and efficiency in the coffee, timber, seafood and mineral industries. The company’s artificial intelligence analyzes crops and predicts growing patterns, while blockchain ensures the recording of a product's supply chain from seed to finished product.
Industry impact: Bext360 has applied mobile apps, bots and blockchain to the coffee supply chain to create a more transparent and ethical journey from bean to cup. The company’s AI measures the quality of coffee beans and predicts weather and growing patterns, while the blockchain immutably records the farm where the beans originated and the exact specifications of a coffee shipment. It even acts as a payment ledger to ensure that all parties are paid quickly and fairly.
Location: Santa Monica, Calif.
How it’s using blockchain: LiveEdu is an online learning platform, where content creators teach students how to build real products. The platform offers classes on everything from AI creation to instructions on how to develop cryptocurrencies. The platform practices what it preaches because LiveEdu uses blockchain-backed smart contracts in their payment systems to content creators.
Industry impact: The LiveEdu platform has more than 270,000 educational videos on how to create everything from video games and augmented reality tools to data science databases and artificially intelligent robots.
Location: Pasadena, Calif.
How it’s using blockchain: ObEN is a blockchain and AI company that combines the two technologies to create a platform for intelligent AR and VR avatars. Celebrities, professors and any other users can create their own virtual avatars that can then interact with each other on the ObEN platform. The combination of AI, blockchain and VR helps to create more personal and social experiences in a virtual world.
Industry impact: ObEN and South Korean talent agency, SM Entertainment, are teaming up to form the world’s first celebrity AI agency. The companies envision using AI for “AI-tainment," whereby virtual celebrities could act as a personal assistant or perform a consumer's favorite songs.
Location: Salt Lake City
How it’s using blockchain: Neureal is a prediction engine that combines AI, blockchain and cloud technologies to predict everything from the stock market to Google searches. The company’s AI scans past predictions to predict future occurrences. Additionally, its blockchain ledger logs every outcome so the computer networks can pinpoint trends in correct predictions.
Industry impact: Neureal is working on its AI/blockchain combination for a variety of sectors. Most recently, the company said it was working on an AI-based method for predicting the exact path of hurricanes.
Location: San Francisco
How it’s using blockchain: NUMERAI is a decentralized hedge fund at which hundreds of data scientists from all over the world are constantly working on AI and blockchain problems. Featuring a weekly data science competition that runs Ethereum and machine learning, NUMERAI gives scientists raw data on machine learning problems, the scientists create models based on the data. The scientists with the best models are rewarded with their own Numeraire (NMR) crypto.
Industry impact: Every time a data scientist proposes a model to NUMERAI, they must stake a certain portion of their NMR token. If a scientist's proposed model is chosen, that scientist will double or even triple his or her bet. So far, scientists have earned more than $7 million in NMR tokens.
Location: San Francisco
How it’s using blockchain: Computable Labs develops blockchain-based tools that build decentralized data marketplaces for AI applications. By building decentralized AI marketplaces, the company facilitates access to a wider group of data and algorithms that can be viewed, bought and sold by the Computable community.
Industry impact: Computable is in the process of developing specific marketplaces for the healthcare, civics and business industries to collect and share data — with the permissioned members in a community — that will increase efficiency.
Location: San Francisco
How it’s using blockchain: The Synapse AI network rewards members with cryptocurrency (SYN Tokens) for sharing personal data. By sharing data in the Synapse marketplace, users can trade in their Synapse Tokens (SYN) for Bitcoin, Ethereum or USD.
Synapse AI’s reward-based data sharing marketplace encourages users to share their data, which in turn enables data purchasers in the advertising, education, entertainment and pharmaceutical industries to access a larger data pool.
Industry impact: Synapse AI is currently in its ICO stage, distributing 110 million SYN Tokens to early investors, developers and companies that buy into its decentralized marketplace.
How it’s using blockchain: BurstIQ created a “Health Wallet,” which combines AI, blockchain and big data to holistically manage a patient's data. The Burst IQ wallet gives a patient’s team of healthcare professionals access to his or her health records and wellness plans. The healthcare professionals can then choose to buy, sell or trade patient data for different scientific studies or to learn more about a specific disease. However, the blockchain lets patients keep private their personal identifying information while sharing only big-picture health data.
Industry impact: BurstIQ is using its technology to combat the opioid crisis. By logging a patient’s drug use history, BurstIQ can suggest different treatments, physicians or services that can help reduce opioid dependence.
Location: New York
How it’s using blockchain: Dopamine is a decentralized platform for AI and data providers to monetize their intellectual property. Data providers share their discoveries, databases and AI and blockchain solutions with the Dopamine community and are rewarded based on whether their contributions are successful in solving problems. The company’s blockchain keeps a ledger on each data provider to quantify community reputation and to log rewards.
Industry impact: Dopamine is teaming up with LangNet to tap even further into its databases. LangNet, an AI company focused language data, will use Dopamine’s platform to expand its AI’s knowledge of language, voice and speech models.
How it’s using blockchain: BotChain enables universal registration, audit, evaluation and coordination of AI agents for software. AI-enabled bots, verified on the BotChain ecosystem, are certified to log all data on a blockchain and can even earn “BotCoin” by running applications across the distributed network.
Industry impact: BotChain is working with AI companies in the healthcare industry to bring its blockchain record-keeping technology to bots to enhance security and organization.
Location: Hoboken, N.J.
How it’s using blockchain: AI BlockChain is a digital ledger that employs intelligent digital agents to govern the chain. The company’s blockchain acts as a cybersecurity tool- and digital ledger- for the real estate, media, healthcare and financial industries. The company then employs AI to control the process of building and maintaining the blockchains.
Industry impact: Besides cybersecurity, AI BlockChain is working on ways to use its ledger as a platform for smart contracts, due diligence and loyalty reward tokens.
Location: San Francisco
How it’s using blockchain: Blackbird.AI uses its blockchain and artificial intelligence to rate the credibility of news content. In combating “fake news," the company deploys AI to classify and file content based on credibility indicators that identify misinformation, hate speech and satire.
The Blackbird.AI blockchain acts as a ledger that irrefutably stores the verified content created by AI and crowdsourced reports.
Industry impact: In the aftermath of the 2016 presidential election, Blackbird.AI has constantly scanned a myriad of news outlets for fake articles, references, websites, social media pages and even memes to ensure that content is truthful and credible.
Location: New York
How it’s using blockchain: Gainfy is a healthcare platform that employs blockchain, AI and IoT devices to improve the industry experience. There are many ways the company implements these technologies in the healthcare industry, including a digital urgent care platform, an identity verification system, a data encryption tool, a crypto payment system and a database for clinical trials.
Industry impact: As part of its current ICO, which will help to expand Gainfy's services in the healthcare industry, investors will receive tokens.
Location: Bellevue, Wash.
How it’s using blockchain: Core Scientific integrates personalized blockchain and AI infrastructure with current business networks, in the process upgrading a business's infrastructure, servers and software that perform everything from supply chain monitoring to real-time data reporting.
Industry impact: At more than 273 acres, the Core Scientific campus contains two on-site substations and a dam that collects hydroelectric power. Because blockchain and AI take up massive amounts of computer processing and power, Core Scientific ensures that company controlled data centers and blockchain and AI infrastructures always run at optimal efficiency.
Images via Shutterstock, social media and screenshots of company web pages.