How leveraging Blockchains aid the growth of Machine Learning models ?

Machine learning is a sub-field of Artificial Intelligence ( AI ), which leverages AI algorithms trained on data in order to make predictions or classifications as of a human mind, also learning and getting smarter over time. If these applications are used widely, it could be one of humanity’s best allies. However, there are a lot of challenges to deal with :

• Resources : the bare minimum requirement to deploy and maintain a ML model is around 60.000$ for the first five years, sometimes up to 95000$

• Data acquisition : not only ML models require good quality data to train on, but also new data need to be added regularly, or else they will soon be outdated

• Lack of trust and security : since users are not 100% sure of what they are interacting with, they won’t use ML models no matter how good they are

What features does blockchain have and how do they tact with these problems ? Blockchains offer two main features that could solve the problems of Machine learning model : smart contracts and incentives mechanisms

1. Smart contracts :

• Since it is changeless and permanently record all the datas on chain => improve people trust

• Blockchain like Ethereum has thousands of decentralized machines all over the world => improve stability

• Hosting a model on blockchain costs much less cheaper, only a few dollars are required

1. Incentive mechanisms

• Blockchains allow users to freely contribute to their community. Then, these users will be rewarded based on their contributions => helping the model evolves continuously

Some Usecase for this new type of model

• Financial Services : by combining trust from blockchain and automation in ML model, this could result in improving customer satisfaction, which is the key in this field

• Healthcare : with patient data stored on blockchain, AI could help to impove care while protecting patients privacy

• Supply chain : By digitizing a largely paper-based process into shareable and trustworthy datas, also adding intelligence and automation to execute transactions, AI and blockchain are transforming supply chains across industries and creating new opportunities  In my opinion, blockchains and ML models together can provide ground-breaking breakthroughs

How leveraging Blockchains aid the growth of Machine Learning models ?

Machine learning is a sub-field of Artificial Intelligence ( AI ), which leverages AI algorithms trained on data in order to make predictions or classifications as of a human mind, also learning and getting smarter over time. If these applications are used widely, it could be one of humanity’s best allies. However, there are a lot of challenges to deal with :

• Resources : the bare minimum requirement to deploy and maintain a ML model is around 60.000$ for the first five years, sometimes up to 95000$

• Data acquisition : not only ML models require good quality data to train on, but also new data need to be added regularly, or else they will soon be outdated

• Lack of trust and security : since users are not 100% sure of what they are interacting with, they won’t use ML models no matter how good they are

What features does blockchain have and how do they tact with these problems ? Blockchains offer two main features that could solve the problems of Machine learning model : smart contracts and incentives mechanisms

1. Smart contracts :

• Since it is changeless and permanently record all the datas on chain => improve people trust

• Blockchain like Ethereum has thousands of decentralized machines all over the world => improve stability

• Hosting a model on blockchain costs much less cheaper, only a few dollars are required

1. Incentive mechanisms

• Blockchains allow users to freely contribute to their community. Then, these users will be rewarded based on their contributions => helping the model evolves continuously

Some Usecase for this new type of model

• Financial Services : by combining trust from blockchain and automation in ML model, this could result in improving customer satisfaction, which is the key in this field

• Healthcare : with patient data stored on blockchain, AI could help to impove care while protecting patients privacy

• Supply chain : By digitizing a largely paper-based process into shareable and trustworthy datas, also adding intelligence and automation to execute transactions, AI and blockchain are transforming supply chains across industries and creating new opportunities  In my opinion, blockchains and ML models together can provide ground-breaking breakthroughs