The European Union (EU) has been advised by the European Blockchain Observatory and Forum (EUBOF) to prepare for the convergence of blockchain technology and artificial intelligence (AI). The report, written by the Directorate General of Communications Networks, Content and Technology, highlights the potential for blockchain to integrate with other technologies that will drive innovation even further.
EUBOF identified a strong trend regarding the ongoing convergence between blockchain and AI. Sensitive AI data sets can be stored securely via blockchain, which, according to EUBOF, could be useful in âhealth and financial services, where data security is paramount.â EUBOF also concluded that AI can improve the functionality of SmartContracts, which can be applied simultaneously in various industries.
