According to the report analysis, ‘Global Blockchain AI Market 2020-2030 by Component (Platform & Tools, Services), Technology (ML, NLP, Computer Vision), Deployment (Cloud-based, On-Premises), Application (Logistics, Asset Tracking, BPO, Data Security, Data Sharing, Payment, Smart Contracts), Industry Vertical, Organization Size, and Region: Trend Forecast and Growth Opportunity’ states that global blockchain artificial intelligence (AI) market is predicted to propel owing to significant growth in development of AI-based blockchain technologies, development in cryptocurrency and increasing investments in blockchain AI projects.
AI-Blockchain, Alpha Networks, Bext Holdings Inc., Blackbird.AI, Burst IQ, LLC, Coin Genius, Core Scientific, Inc., Cyware Labs Inc., Fetch.AI, Figure Technologies, Gainfy, Net Objex, Inc., Neurochain Tech, Stowk Inc, Verisart, Inc., WealthBlock.AI, LLC and many more are the foremost companies which extremely operating in global Blockchain AI market more efficiently for obtaining the competitive edge, leading the highest market growth, registering the great value of market share, generating the highest percentage of revenue, and keep maintaining the governing position by spreading the awareness connected to the applications and advantages of blockchain AI, improving the qualitative and quantitative measures of such, implementing the policies of profit making and strategies of expansion, increasing the features and benefits of blockchain AI, analysing the strategies and policies of government as well as similar entities and establishing the several research and development programs.
In addition, the Private companies are also employed in developing data-driven solutions to track the coronavirus. Acoer, for instance, has generated the Coronavirus Hash Log dashboard that allows the general public to understand the extent of the virus spread and its trends over time. The data used by Acoer is sourced from the WHO and the CDC and is discharged to the public through blockchain. Thus, AI and blockchain together are strengthening the global fight against COVID-19 and propelling the growth of this market.
Not only has this, the introduction of machine learning and AI into blockchain is projected to assist computers manipulate the data in several ways, owing to which the possibilities of getting positive results augment. Furthermore, AI improves the efficiency of blockchain which is not possible for standard computers, generating an opportunity for the technology developers to function in this area resulting in the growth of the global blockchain AI market.
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The rise in requirement for the amalgamation of blockchain and AI in making a well-organized software solution, monetization of data utilizing the blockchain technology and innovations in the field of AI and internet of things influence the growth of the global blockchain AI market. In addition to this, big data technology solutions are projected to contrivance data monetization among the enterprises. Furthermore, shortage of skilled workforce and implementation cost is projected to limit the growth of the market. However, affluence of implementation, growth in requirement for blockchain technology, and surge in blockchain AI applications are projected to propel the growth of blockchain AI market throughout the forecast period. Therefore, it is predicted that during the coming years, the market of blockchain AI will increase around the globe more actively over the near years.
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Global Blockchain AI Market Future Outlook
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