how the EU is making tech magic

The post how the EU is making tech magic appeared on BitcoinEthereumNews.com. What happens when the secure world of blockchain meets the intelligence of AI? Discover how the EU is blending these technologies to create something magical. Blockchain and AI are two buzzwords you’ve probably heard a lot about. But what happens when these technologies join forces?  The European Union (EU) is exploring this very question. In fact, the European Blockchain Observatory and Forum (EUBOF), part of the European Commission, recently published a report citing the potential of integrating blockchain technology with artificial intelligence (AI). According to the EUBOF report, authored by the Directorate-General for Communications Networks, Content and Technology, the possibilities are immense.  Think about it: AI data, which needs to be super secure, can be stored on the blockchain. This is a big deal for industries like healthcare and finance, where data security is crucial. The EUBOF also points out that combining blockchain and AI can create decentralized AI networks. This means that instead of a few big companies controlling all the data, there can be a more collaborative approach to AI development. In other words, it levels the playing field. Another cool thing about this tech duo is how AI can make smart contracts smarter. These contracts, which automatically execute when conditions are met, can benefit from AI’s capabilities, making them more efficient and reliable. To lead the charge, the EUBOF recommends that Europe become a global hub for blockchain knowledge. They also suggest engaging more with various stakeholders and addressing the challenges that come with new innovations.  On top of that, the EU plans to amend regulations for the European High Performing Computer Joint Undertaking (EuroHPC), which manages supercomputers across Europe. These supercomputers will support AI development, with new AI factories set to enhance their capabilities. So, what does this mean for us? Let’s find out. Why AI…

May 28, 2024 - 04:00
 0  5
how the EU is making tech magic

The post how the EU is making tech magic appeared on BitcoinEthereumNews.com.

What happens when the secure world of blockchain meets the intelligence of AI? Discover how the EU is blending these technologies to create something magical. Blockchain and AI are two buzzwords you’ve probably heard a lot about. But what happens when these technologies join forces?  The European Union (EU) is exploring this very question. In fact, the European Blockchain Observatory and Forum (EUBOF), part of the European Commission, recently published a report citing the potential of integrating blockchain technology with artificial intelligence (AI). According to the EUBOF report, authored by the Directorate-General for Communications Networks, Content and Technology, the possibilities are immense.  Think about it: AI data, which needs to be super secure, can be stored on the blockchain. This is a big deal for industries like healthcare and finance, where data security is crucial. The EUBOF also points out that combining blockchain and AI can create decentralized AI networks. This means that instead of a few big companies controlling all the data, there can be a more collaborative approach to AI development. In other words, it levels the playing field. Another cool thing about this tech duo is how AI can make smart contracts smarter. These contracts, which automatically execute when conditions are met, can benefit from AI’s capabilities, making them more efficient and reliable. To lead the charge, the EUBOF recommends that Europe become a global hub for blockchain knowledge. They also suggest engaging more with various stakeholders and addressing the challenges that come with new innovations.  On top of that, the EU plans to amend regulations for the European High Performing Computer Joint Undertaking (EuroHPC), which manages supercomputers across Europe. These supercomputers will support AI development, with new AI factories set to enhance their capabilities. So, what does this mean for us? Let’s find out. Why AI…

What's Your Reaction?

like

dislike

love

funny

angry

sad

wow