Industries Thriving In Productivity From Blockchain + AI (Part-II)

Original article was published by Krishna Patel on Artificial Intelligence on Medium


Case studies on industries thriving on

Blockchain+AI

1. HealthyTail:

HealthyTail is a company that shares pets health data between scientists, breeders, and pet owners.

The functionalities provided by HealthTail company

Here, the pet owners share the data regarding their pets’ health disease issues through the blockchain platform. Their blockchain allows pet owners to earn back the money spent on genetic testing by sharing the data. That data is used by pharma companies to develop and deliver new personalised drugs for their pets. These data are also used for training an AI-based model for further classification of relevant drug manufacture for the pet diseases. The core of HealthyTail is blockchain-based storage and compute platforms for genome-wide association studies. HealthyTail also pioneers services on HealthyTail core platform — such as genetic diagnostics, genetic-assisted breeding, breed certificates, personalised medicine.

Below given is their business model, where the financial model expects the following costs and revenue:

Find more insights and facts HealthyTail here

2. BurstIQ:

BurstIQ was founded with one mission: to enable this next era of health. BurstIQ is the leading provider of blockchain-enabled data network solutions for the healthcare industry. The company’s private, permissioned data network allows health systems, payers, digital health companies, pharma & life science companies and governments to unlock the full potential of health-related data. The unique platform uses blockchain, Big Data, machine intelligence, and granular data ownership and consent to build longitudinal profiles of people, places, and things and empower the interactions between them. The platform connects any data from any source in a global network of businesses, researchers and people — all connected directly to each other. The result is a global, secure data network that allows health systems, payers, digital health companies, pharma & life science companies and governments to collaborate, share, analyze and unlock a deeper understanding of the diverse factors that influence health.

Their core technical specifications include: Cloud Enablement, Cyber Security, Agile Transformation, Big Data and Analytics, Digital Health, Blockchain, Digital Currency, Data-driven Research, Healthcare, Machine Intelligence, Deep Learning, and Artificial Intelligence

Explore more information about BurstIQ here

3. EUKLID:

Euklid company has new way to manage savings and investments through thousands of different algorithms. It is based on concrete data processed with Artificial Intelligence technologies.
It is transparent and secure, because it’s based on blockchain a technology which lies at the heart of Bitcoin time stamp and encryption system, that guarantees clients a constant monitoring and an absolute certainty that nobody can manipulate his account.The algorithms are based on the most advanced technologies that reached remarkable results through extensive experimentation and are secured by Euklid LTD exclusive proprietary mathematical models.

Their algorithms includes:
• Like fingerprints
• Horizontally arranged
• Bio-computed
• Adaptive to change

The collective psychology of the economic agents that works on specific stock or index leave a fingerprint not recognizable by human eye, but only by Artificial Intelligence models.
Their algorithms are specifically trained to recognize conservative and innovative behaviours, selecting from chaos and randomness, catching the result of mutual dynamic interaction. The algorithms have not a sequencing horizontal arrangement of the trading rules that is opposed to a vertical arrangement, which implies that, by principle, the same result cannot happen twice, rethinking time by time what are the current trading rules.
They are based on biocomputing, a science linked to maths, physics and biology. Biocomputing allows to perform calculations involving the storing, retrieving, and processing of data.

The optimization process is ensured by:
• Swarm Intelligence, that catches the logic of a moltitude of informations moving in an apparently disordered manner.

• Neural Networks, interconnecting information through artificial neurons and processes utilizing a linked calculation approach;

• Genetic Logic, an adaptive system that changes its structure based on external or internal information flowing through the net during its learning process.

Their algorithms work like Nature: select and reproduce the fittest model as an evolutionary process.

You can search for more information about EUKLID here

Summary:

The two extreme sides of the technology continuum are blockchain and AI: one supporting centralised knowledge on specified operating information networks, and the other supporting decentralised applications in an open-data setting. However, if we discover an intelligent way to create them operating along, the overall positive externalities may well be intensified.