According to the new EU report, blockchain is playing a key role in the secure storage of AI data and the growth of DeFi. The integration of blockchain and AI is driving innovation across Europe.
The European Union (EU) is making significant strides in technology with the integration of blockchain and artificial intelligence (AI). A new report from the Directorate-General for Communications Networks, Content, and Technology explores how this synergy is transforming various industries, particularly healthcare and finance.
According to the report by the European Union Blockchain Observatory and Forum (EUBOF), blockchain technology provides secure and tamper-proof storage for sensitive AI data. This capability is crucial for maintaining data integrity and privacy, ensuring compliance with stringent data protection regulations.
The convergence of blockchain and AI is also driving the development of decentralized AI networks. These networks distribute AI models and data across a decentralized ledger, reducing data monopolies and enhancing transparency. The EUBOF report highlights that this approach not only boosts operational efficiency but also fosters the growth of decentralized finance (DeFi).
As AI and blockchain continue to integrate, the report anticipates advancements in DeFi protocols and applications, driven by increased interoperability, sustainability, and energy efficiency.
