Application Areas, Benefits, and Research Challenges of Converging Blockchain and Machine Learning Techniques

Blockchain and machine learning are both recent technologies. Machine learning allows a machine to identify the pattern autonomously with self-pace of learning method. It makes robots more independent by making their own decisions without human input. It is one of the most intriguing breakthroughs because it allows machines to learn, making them similar to human brain. However, the main role of blockchain is to safeguard transactions between participants. This is an important step since it eliminates intermediaries like governments and banks who want to profit from our transactions. It will be interesting to observe how these two innovations interact. A few revolutionary ideas are visible. Blockchain and AI, already revolutionary technologies, have the potential to be even more so when integrated. Both can boost capacities and increase transparency, trust, and communication.