How blockchain empowers artificial intelligence

Data remains in silos in a digital environment and there is no real incentive to share it. Presently, artificial intelligence (AI) platforms give power to those few organizations that process a bulk of data. With sensors embedded in connected cars and devices across the Internet of Things, there is the exponential rise in consumer data generated by these devices and stored in databases. A race has begun to get this data, which invites questions on privacy. A blockchain is a decentralized, public digital ledger that keeps track of cryptocurrency transactions in a chronological order.