Artificial intelligence and the Blockchain / Essential tools for the financial digital world
With the arrival of the Covid-19 pandemic we were able to observe or witness the usefulness and versatility of this type of technological application, proving that the path towards the digital era of business is already part of our present and both artificial intelligence and Blockchain are technological applications that have helped the acceleration and transformation of our digital era.
In relation to the above we can say that in this sense has been structured two essential technological tools for strengthening digital negotiations and the same every day are increasingly recognized by every person on this planet, as these applications are increasingly extending to any area of our lives and among which is the financial area.
We could say then that both Blockchain technology and Artificial Intelligence are complementary to each other in the world of finance, to name an example, remember that artificial intelligence (AI) gives machines a set of algorithms that allow them to mimic the behavior of humans especially in relation to their cognitive functions, and also, The application of AI technology in machines has the advantage that they do not have emotions which allows them to give us with greater precision a better decision making in the search for opportunities for the success of a particular investment, as for the Blockchain allows us to both verify and execute, and also to record all those transactional parts of the process.
Therefore, both technological applications in this sense we could say that they are complementary to each other for any digital business, because while AI gives us enough intelligence and information needed throughout the process for a better decision or opportunity, Blockchain technology offers us the fundamental principles of security, integrity and above all the decentralization of the environment where transactions are made, no doubt this combination contributes fully to improve the entire process in this financial area.
It is important to express that both technologies implement a set of algorithms, in the case of AI it uses them to give fulfillment to its cognitive objective, and also of perception, and in relation to Blockchain they become (algorithms) means of validation as well as veracity of the different transactions, therefore my dear readers we can say that AI constitutes the creative part of the machine, that is, the one that thinks abstractly and therefore analyzes all those complexities that are in the environment of a certain digital business.
As for the Blockchain is responsible for telling us the reality of the whole process, and also guaranteeing it by acting as a mediator and thus achieve an agreement between the parties in order to document the agreement unalterably, this action generates confidence thereby achieving that the machines can act on our behalf and full consent.
Until another opportunity my dear readers.