Blockchain Supercharged with AI The Next Revolution.

In the last decade, Blockchain and Artificial Intelligence (AI) are among the rare developments in technology that is poised to become so disruptive that they have become synonymous with innovation and the future.So much so, that startups aiming to bring an amalgamation of these technologies have raised a whopping $437 million to date. But what are these technologies and why are they so disruptive?Blockchain technology, created by an anonymous figure known as Satoshi Nakamoto, is the underlying technology behind the sensational Bitcoin. The Blockchain is a distributed ledger technology (DLT) that enables the storage of data in a secure and transparent way.  While cryptocurrencies have been taking the financial ecosystem by storm, blockchain has permeated into almost every industry sector imaginable, from Healthcare to Gaming. The technology is gaining momentum at an unprecedented pace, so much so that by 2023 the global blockchain market is expected to grow to $23 billion by 2023. Artificial Intelligence, first described by John McCarthy in 1956, is the ability of a machine/ program to learn from its experiences, much like a conscious being does. Often in most cases, an AI system requires a vast amount of data to “learn” from its experiences and make a decision accordingly. Even though the technology is still in its nascent stages, a good example of the capabilities of current AI technology is the array of virtual assistants available like from Tech giants like Google, Amazon and Apple.  Similar to blockchain, AI is making waves in scores of industry sectors by helping augment existing technologies by increasing its efficiency. The global AI market is expected to reach a whopping $190 billion by 2025.