Connecting AI and IoT with blockchain-based platforms

To fully realize the promise of IoT and the wealth of data it can provide, it's essential to connect it to artificial intelligence, aka. There are, however, several challenges associated with both running AI at the edge of networks and sharing databases securely. Combining AI and IoT enables "making a series of valuable predictions about devices that are embedded within the real world," said Christian Catalini, assistant professor of technological innovation, entrepreneurship and strategic management, and founder of the Cryptoeconomics Lab at Massachusetts Institute of Technology. "This allows you to change how you respond to changes in the environment and to new information coming in." But you can only make valuable predictions if you have access to good data. "Blockchain can help create marketplaces for data and their exchange, and also improve data privacy," Catalini added.