News
EUBOF Report Highlights Integration of Blockchain and AI in Europe
The European Union (EU) is experiencing a technological revolution driven by the convergence of blockchain and artificial intelligence (AI).
A recent one relationship published by the Directorate-General for Communications Networks, Content and Technology sheds light on future trends and policy actions for blockchain in Europe.
Blockchain and AI synergy
European Union Blockchain Observatory and Forum (EUBOF) report highlights secure storage of sensitive data AI data on blockchain, particularly in the healthcare and financial sectors. The tamper-proof nature of Blockchain ensures data integrity and privacy, which are critical for managing sensitive information. This ability increases trust and ensures compliance with data protection regulations, making blockchain an essential technology in data management.
The convergence between blockchain and artificial intelligence favors the creation of decentralized AI networks. These networks distribute AI models and data through a decentralized accounting system, reducing the risk of data monopoly. The EUBOF report highlights that decentralized AI networks improve industry applications by providing a more secure and transparent framework for AI development.
Integrating AI with blockchain can streamline operations, reduce costs, and minimize human error in contract execution. The report also notes the continued growth of decentralized finance (DeFi) ecosystem. EUBOF anticipates news DeFi Emerging protocols and applications driven by interoperability, sustainability and energy efficiency.
To know more: How will artificial intelligence (AI) transform cryptocurrencies?
“The Observatory’s valuable work, including its thematic papers and workshops, will remain an essential resource for stakeholders, academia and policymakers exploring future advances in blockchain technology,” said Pierre Marro, senior policy officer at the general direction of communication networks, Content and Technology.
Furthermore, EUBOF has made several recommendations to strengthen Europe’s commitment to new technologies. He advocates for the EU to act as a global knowledge hub and strengthen collaborations with various stakeholders.
The convergence between blockchain and TO THE represents a significant opportunity for the EU to drive future innovation. By building a secure and collaborative environment, Europe can leverage these technologies to enhance various sectors. The EU’s proactive approach positions it as a leader in technological advances, ensuring economic growth and a global competitive advantage. Continued investment in research, development and policymaking will unlock new potential, creating an ecosystem that supports innovation and sustainability.
Disclaimer
In compliance with Trust Project guidelines, BeInCrypto is committed to providing impartial and transparent reporting. This news article aims to provide accurate and timely information. However, readers are advised to independently verify the facts and consult a professional before making any decisions based on this content. Please note that our Terms and conditions, Privacy PolicyAND Disclaimer They have been updated.