Technology is evolving day by day. We can see the emergence of one or two newly evolving technologies every decade. The most prominent among the recently evolved cutting edge technologies are Blockchain and Artificial Intelligence. These two technologies have gathered a great place in the current scenario. This is because of the field of application and their benefit to this present world.

The growing use of blockchain technology in financial services will include a healthy dose of artificial intelligence, as new, automated analytic techniques look for patterns in the "relationship data" about people, contracts and transactions. That merger of these two hot tech trends is one of the predictions made by Dr. Scott Zoldi, chief analytics officer at Silicon Valley analytic software firm FICO, and a recognised expert in the field of artificial intelligence. "Beyond its association with cryptocurrencies, blockchain technology will soon record'time chains of events,' as applied to contracts, interactions and occurrences," Dr. Zoldi wrote on the FICO Blog. "Think about renting a car. In the future, you will be able walk up to a car to lease it, but you'll do so with a micro-loan for which you are approved to lease the car for, say, an afternoon. This micro-loan will have insurance contracts attached to the blockchain, and a codified history of the car's history of drivers, events, and maintenance. As you drive through the city and interact with toll roads and parking spaces, all of this information will be automatically recorded and monitored on the blockchain. When you leave the car and lock it, the lease is complete and auditable on the chain. These kinds of data event chains will create new opportunities for graph analytics and novel new AI algorithms to consume relationship data at scale."