A new white paper from Veritone examines how artificial intelligence can help green cryptocurrency -- one of the dirtiest industries around. Cryptocurrency mining is one of the dirtiest industries there is, according to a new white paper from Veritone. The paper says that mining for Bitcoin alone, just one of many popular cryptocurrencies, consumes seven times the total amount of energy used by Google for all of its operations. This presents an enormous challenge: How can mining operations be both good corporate stewards and keep pace with industry growth? The answer, Veritone says, is artificial intelligence (AI).

Pick an industry – any industry – and you can virtually guarantee that AI will have been hailed as its next big thing. The cryptocurrency sector is no different, with many of 2017's ICOs shoehorning the concept into their whitepapers somewhere in a bid to appear "cutting edge" and in touch with the zeitgeist. But beyond all the hype, what impact will artificial intelligence have on the crypto industry, and could its rise ultimately render human traders obsolete? AI is to tech what "blockchain" is to the cryptocurrency industry: a concept whose genuine applications are significantly outnumbered by the projects interested solely in latching onto the buzzword and surfing it for all it's worth. Given that startups described as being involved with AI attract 15-50% more funding than other tech firms, it's understandable why companies are so keen to cash in on the hype.

While there is almost no industry that has remained untouched from the impact of blockchain technology, the cryptocurrency industry is entirely an offshoot of this technology. Although extremely powerful, blockchain, and therefore, cryptocurrencies, have many limitations too. While some of them are technology-related, others are a result of the old-minded culture that the financial services sector bred for ages. However, all of them can be affected by AI in some or the other way. This article will help you understand the potentialities realized through the intersection of blockchain technology and AI.

Pick an industry – any industry – and you can virtually guarantee that AI will have been hailed as its next big thing. The cryptocurrency sector is no different, with many of 2017's ICOs shoehorning the concept into their whitepapers somewhere in a bid to appear "cutting edge" and in touch with the zeitgeist. But beyond all the hype, what impact will artificial intelligence have on the crypto industry, and could its rise ultimately render human traders obsolete? AI is to tech what "blockchain" is to the cryptocurrency industry: a concept whose genuine applications are significantly outnumbered by the projects interested solely in latching onto the buzzword and surfing it for all it's worth. Given that startups described as being involved with AI attract 15-50% more funding than other tech firms, it's understandable why companies are so keen to cash in on the hype.

Pick an industry – any industry – and you can virtually guarantee that AI will have been hailed as its next big thing. The cryptocurrency sector is no different, with many of 2017's ICOs shoehorning the concept into their whitepapers somewhere in a bid to appear "cutting edge" and in touch with the zeitgeist. But beyond all the hype, what impact will artificial intelligence have on the crypto industry, and could its rise ultimately render human traders obsolete? AI is to tech what "blockchain" is to the cryptocurrency industry: a concept whose genuine applications are significantly outnumbered by the projects interested solely in latching onto the buzzword and surfing it for all it's worth. Given that startups described as being involved with AI attract 15-50% more funding than other tech firms, it's understandable why companies are so keen to cash in on the hype.