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Practical Artificial Intelligence and Blockchain
A guide to converging blockchain and AI to build smart applications for new economies
Ganesh Prasad Kumble
- 290 pagine
- English
- ePUB (disponibile sull'app)
- Disponibile su iOS e Android
Practical Artificial Intelligence and Blockchain
A guide to converging blockchain and AI to build smart applications for new economies
Ganesh Prasad Kumble
Informazioni sul libro
Learn how to use AI and blockchain to build decentralized intelligent applications (DIApps) that overcome real-world challenges
Key Features
- Understand the fundamental concepts for converging artificial intelligence and blockchain
- Apply your learnings to build apps using machine learning with Ethereum, IPFS, and MoiBit
- Get well-versed with the AI-blockchain ecosystem to develop your own DIApps
Book Description
AI and blockchain are two emerging technologies catalyzing the pace of enterprise innovation. With this book, you'll understand both technologies and converge them to solve real-world challenges.
This AI blockchain book is divided into three sections. The first section covers the fundamentals of blockchain, AI, and affiliated technologies, where you'll learn to differentiate between the various implementations of blockchains and AI with the help of examples. The second section takes you through domain-specific applications of AI and blockchain. You'll understand the basics of decentralized databases and file systems and connect the dots between AI and blockchain before exploring products and solutions that use them together. You'll then discover applications of AI techniques in crypto trading. In the third section, you'll be introduced to the DIApp design pattern and compare it with the DApp design pattern. The book also highlights unique aspects of SDLC (software development lifecycle) when building a DIApp, shows you how to implement a sample contact tracing application, and delves into the future of AI with blockchain.
By the end of this book, you'll have developed the skills you need to converge AI and blockchain technologies to build smart solutions using the DIApp design pattern.
What you will learn
- Get well-versed in blockchain basics and AI methodologies
- Understand the significance of data collection and cleaning in AI modeling
- Discover the application of analytics in cryptocurrency trading
- Get to grips with open, permissioned, and private blockchains
- Explore the DIApp design pattern and its merit in digital solutions
- Find out how LSTM and ARIMA can be applied in crypto trading
- Use the DIApp design pattern to build a sample contact tracing application
- Get started with building your own DIApps across various domains
Who this book is for
This book is for blockchain and AI architects, developers, data scientists, data engineers, and evangelists who want to harness the power of artificial intelligence in blockchain applications. If you are looking for a blend of theoretical and practical use cases to understand how to implement smart cognitive insights into blockchain solutions, this book is what you need! Knowledge of machine learning and blockchain concepts is required.
Domande frequenti
Informazioni
- Chapter 1, Getting Started with Blockchain
- Chapter 2, Introduction to the AI Landscape
- Blockchain versus distributed ledger technology versus distributed databases
- Public versus private versus permissioned blockchain
- Privacy in blockchains
- Understanding Bitcoin
- Introduction to Ethereum
- Introduction to Hyperledger
- Other blockchain platforms – Hashgraph, Corda, and IOTA
- Consensus algorithms
- Building DApps with blockchain tools
Technical requirements
Blockchain versus distributed ledger technology versus distributed databases
Feature | Blockchain | DLT | Distributed Database |
Immutability | The information persisted in blockchains cannot be removed or updated without a new identifier to the target data. | Although most DLTs are pro-immutability, there are a few exceptions where immutability is not a design constraint. | Most distributed databases are not immutable due to design limitations. |
Logical execution | Smart contracts can be used to enforce business logic on data from a blockchain. | DLTs offer the execution of logic on the data within them, as well as on user inputs. | User-defined functions and stored procedures are normal approaches that are used here. |
Accessibility | Data in a public blockchain is stored in the form of a transaction or account states in a block and is visible and accessible with middleware. | Data is private in a DLT and may, in some cases, be encrypted in the DLT entry. Data can only be accessed by participating stakeholders. | Data is persisted within the distributed data clusters spread across the globe for faster access, using traditional client-server techniques. |
Verifiability | All the transactions are verified before a change is made to the state of an account. | Most DLTs do not offer verification algorithms or modules as a design restriction to applications. | The verifiability of data is not offered as the state of accounts is not persisted in a specific structure. |
Incentivization | Most blockchains use several economic models to incentivize their stakeholders. | Stakeholders in a DLT group host the nodes and are self-incentivized to run their business more confidently. | The company manages the data for sustainability and so no extra incentivization can be observed. |
Comparing the technologies with examples
Public versus private versus permissioned blockchains
Comparing usage scenarios
Attribute versus variant | Public blockchains | Private blockchains | Permissioned blockchains |
Network barrier | Access to the network is not restricted. The details inside public blockchains are widely accessible to all users. | Access to the network is limited by an IP or a DNS. Only a few people with suitable credentials can join the network. | Access to the network is limited to verified participants. Only selected people can join the network with limited permissions to read, write, or both. |
Restrictions | There are many different actions that the user can perform, such as develop a smart contract and use it, host a node as a validator, and so on. | Virtually, there are only two common roles for members in a private blockchain—facilitated nodes as validators and DApps users. | Based on the role of the members, the users may be able to deploy DApps, use DApps, validate transactions, or all three. |
Encryption | Almost all of the user data in blocks is not encrypted as the general goal is to serve the information to a public audience. | Encryption may not be used if there is a trust quotient between the participating stakeholders. | Encryption is widely used as it involves various stakeholders in the networks with potential conflicts of interest. |
Privacy in blockchains
- Motivations: Several applications on blockchains are not just built for enterprise use cases. Many blockchain applications are now targeting mass consumer audiences. The internet, in recent years, has become a testbed for various approaches in preserving the privacy of users. Unlike any other trend or improvement on the current state of the internet, most blockchain projects aim to deliver a privacy-first mode of operation to users by leveraging pseudonymous cryptographic wallets without revealing the identity of the senders and receivers. Some examples of privacy-first blockchains include Monero, Quorum, and Zcash.
- Approaches: As we already know, public blockchains have design limitations with respect to privacy. As global access to user data is one of the prominent objectives of a public blockchain, we see very few applications of cryptography in them. However, the emerging blockchains such as Zcash, Monero aim to offer untraceable, secure, and analysis-...
Indice dei contenuti
- Title Page
- Copyright and Credits
- About Packt
- Foreword
- Contributors
- Preface
- Section 1: Overview of Blockchain Technology
- Getting Started with Blockchain
- Introduction to the AI Landscape
- Section 2: Blockchain and Artificial Intelligence
- Domain-Specific Applications of AI and Blockchain
- AI- and Blockchain-Driven Databases
- Empowering Blockchain Using AI
- Cryptocurrency and Artificial Intelligence
- Section 3: Developing Blockchain Products
- Development Life Cycle of a DIApp
- Implementing DIApps
- The Future of AI with Blockchain
- Moving Forward - Resources for you
- Other Books You May Enjoy