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AI’s Surge in Usage Highlights Need for Enterprise Blockchain Adoption

Nov 07, 2023 - techbullion.com
The rapid growth of artificial intelligence (AI) could lead to an increase in enterprise blockchain adoption, according to IBM’s blockchain consultant, Agata Slater. AI platforms, such as OpenAI's ChatGPT, are generating massive amounts of data and transactions, leading to questions about data privacy, transparency, and immutability. Blockchain technology, known for its security, privacy, and transparency, could provide a solution to these issues.

Enterprise blockchain, designed for large-scale use, can process larger data blocks and a higher number of transactions at low fees. For example, the BSV Blockchain can process 50,000 to 100,000 transactions per second at a transaction time of less than two seconds. This scalability and efficiency make it a suitable choice for the AI industry to keep up with consumer demands. Therefore, the rise in AI adoption could also drive enterprise blockchain adoption.

Key takeaways:

  • The AI market is expected to grow to $407 billion by 2027, and it's predicted that one in 10 cars will be self-driven by 2030.
  • OpenAI’s generative AI platform ChatGPT has reached over a billion users worldwide, indicating the rapid growth and usage of AI.
  • Experts believe the rise of AI may lead to an increase in enterprise blockchain adoption, as blockchain can provide a base layer for other emerging technologies and platforms.
  • The BSV Blockchain is already processing 50,000 to 100,000 transactions per second, making it a more scalable and efficient option for AI industry compared to other blockchains like Ethereum.
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