Check out the companies making blockchain and AI into a powerful pair.
Written by Sam Daley Image: Shutterstock UPDATED BY Brennan Whitfield | Feb 24, 2023Blockchain and artificial intelligence (AI) have evolved into leading technologies that drive innovation across almost every industry — and they’re even more powerful together.
Blockchain offers a secure and transparent database to store information, while AI can model problem-solving capabilities of the human mind.
When used together, blockchain can improve the trustworthiness of data resources that AI models pull from and increase the speed of AI operations by connecting models to automated smart contracts .
Blockchain and AI combined can improve operational efficiency, information accuracy and data security.
Combining blockchain and AI can help build and organize immense databases, strengthen cybersecurity protocols and perform tasks in a fraction of the time it takes humans.
As a result, we may see improved healthcare recommendations, optimized food traceability in the supply chain and up-to-date market predictions for real estate or stocks.
And that’s just a few use cases for blockchain and AI. To give you an even better idea of how these two technologies work together, we rounded up a list of 26 companies combining blockchain and AI.
Location: New York, New York
CertiK provides tools powered by AI and formal verification to secure blockchain, smart contract and Web3 applications. With its product suite, CertiK technology helps identify security risks, monitor data insights and visualize where crypto funds are going.
Location: Bellevue, Washington
Core Scientific integrates personalized blockchain and AI infrastructure with current business networks, upgrading a business’ physical infrastructure, servers and software in the process.
Spanning across five U.S. states, the Core Scientific facilities are designed for long-term digital asset mining and to maximize hashrate. 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 to reduce energy and time consumption.
Location: Austin, Texas
Token Metrics is a tool that uses AI to analyze cryptocurrency trends for personal investment purposes. The technology scans the data of over 6,000 crypto and NFT projects and extracts market insights to help users make investment decisions. Token Metrics has been used by companies such as Coinbase, Amazon and Facebook.
Location: New York, New York
AI BlockChain hosts a digital asset cloud platform built on blockchain and AI. The company applies artificially intelligent agents to its blockchain to detect changes and ensure platforms are secure. AI Blockchain products aim to be a scalable and tamper-evident database solution for businesses, which can support supply chain, finance and bar code tracking operations.
Location: Denver, Colorado
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.
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.