Impact of AI and Blockchain Combination on Industries

[Paglamon]

The combination of Blockchain and AI can do wonders in industries like Healthcare, Supply Chain, Retail and Finance. Let’s know about the impact of these technologies on various industries individually.

Healthcare:

Although both AI and blockchain are working to revolutionize the services in Healthcare independently. not only for the patients but for healthcare service providers. But if both the technologies have to work together, it would be the next level of everything. While blockchain will help to secure medical data against theft or cyberattacks, AI will help the patients and service providers get a personalized experience.

Retail:

AI is already trying its best to improve the retail business with all its capabilities and combining it with blockchain will only double its impact. Retailers will now not only be able to personalize their experience but also better manage the customer’s data as well as everything in the process. Moreover, it will also secure payment processes by reducing the risk of frauds.

Finance:

The combination of blockchain and AI will help predict human emotions and what needs to be done next while still building trust in the industry. Both the technologies will take the Finance sector to the next level in terms of performance as well as automation.

What do you think?