Odaily Planet Daily News: The European Blockchain Observatory and Forum (EUBOF) is an initiative launched by the European Commission to monitor and analyze the development of blockchain across Europe and released a conclusion report on May 24. The report, written by the Directorate-General for Communications Networks, Content and Technology, emphasizes the potential of blockchain to combine with other technologies and drive innovation. EUBOF found strong trends related to the continued integration of blockchain and artificial intelligence. Sensitive AI data sets can be securely stored on the chain. According to EUBOF, this is very useful in "healthcare and financial fields where data security is critical." In addition, the fusion of the two technologies can enable decentralized AI networks. "This can reduce the risk of data monopoly and promote the collaborative development of artificial intelligence," the report added. EUBOF also said that artificial intelligence can improve the functionality of smart contracts and can be applied to various industries. Its research also acknowledges the continued growth of the DeFi ecosystem and expects new protocols and emerging applications to be launched. EUBOF expects the inherent interoperability, sustainability and energy efficiency of blockchain technology to be the main driving force for its continued adoption. (Cointelegraph)
