IBM is working on an
artificial intelligence that will use the
blockchain.
Thanks to the possibilities offered by the blockchain in terms of value exchange, the IBM artificial intelligence will be able to analyze tons of data in a small portion of time.
And thanks to Tim Hahn this will happen for real. He explained to CoinDesk:
“What we’re doing with blockchain and devices is enabling the information those devices supply to effect the blockchain…You begin to approach the kind of things we see in movies.”
The blockchain applications will include the possibility to allow devices to perform tasks at a certain set time.
Also, the devices wil be registered on the blockchain and – thanks to smart contracts – different types of access will be created, allowing lots of functionalities and customization.
For example, thanks to the blockchain, Watson software could be updated remotely.
“You better be ready to actively update your devices throughout the lifecycle of your devices. Vulnerabilities will be discovered long after the device is released”, commented Hahn.
Unfortunately Watson is still in a development phase and we don’t have more details about this disruptive invention.
“Its early days and we’re just playing around with prototypes now”, explained Hahn.
IBM invests in the Internet of Things
It was March when IBM announced its decision to invest $3bn to build an entire office that would be dedicated to the Internet of Things (IoT), or the smart connection between devices and Internet.
In a press release IBM explained that the company predicted to earn $235bn by the end of 2016 and an increase of 22% from 2014.
The statement also predicted 6.4 billion devices that will be used worldwide within the end of 2016, an amount that will reach 20.8 billion in 2020.
Previous statement
IBM, in fact, is also working on the
Hyperledger Project, an open-source blockchain led by
The Linux Foundation. Presented in December, this project stars thirty companies including ABN Amro, CME Group, Red Hat and several blockchain startups.
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IBM is working on an artificial intelligence that will use the blockchain.