Blockchain technology is being used beyond cryptocurrencies to gain insights from large amounts of data in various industries and provides immediate, shared, and transparent information stored on an immutable ledger.
- The World Economic Forum estimates that up to 10% of global GDP could be stored on blockchains by 2025.
- AI and ML play a crucial role in the evolution of blockchain technology.
- Their advancements help keep blockchain secure against hacking and cybercrime.
- Moving data to digital storage and transmission systems offers several benefits for businesses.
- Modern document management systems enabled by AI and ML make files easily accessible, editable, searchable, and automatically backed up.
- AI systems can tag, save, and store files across multiple locations on a distributed network, making them easy to find and remotely accessible.
- AI systems can screen documents for sensitive information and ensure proper security measures are in place.
- AI software can detect and prevent unauthorized access to certain files while allowing wider viewing for other files.
- AI also helps identify threats, both internal and external, within an organization.
