Utilizing Block Chain Technology in Various Application Areas of Machine Learning

Abstract

The BlockChain is a New Era Technology that provides secure technological impacts on various exchanges. It totally revolves over the distributed database. That framework helps to eliminate the failure at any single point that may affect in saving time and for the reduction of cost. Till now most of the work regarding BlockChain is limited to inventing technologies that are related to the encrypted form of money. The famous crypto currency like Bitcoin and Etherium are examples that are utilizing this technology. These are widely known as cryptographic money. The exchanges are done with the help of the Blockchain technique eliminate the presence of middleman. With the advancement of various smart devices and the field of Artificial Intelligence and Machine Learning, the interdisciplinary collaboration with Blockchain Technology may be very beneficial for future researches. As Blockchain technology provides a decentralized structure and huge amount of data is to be analyzed in Machine learning area, there are huge exploring abilities in the collaboration of the technology. In this paper, various aspects of the utilization of the Blockchain technology framework in the context of machine learning are discussed. The application areas of Machine learning where the implementation of Blockchain is beneficial are also explored.