Blockchain is a decentralized transaction and data management technology developed first for bitcoin cryptocurrency.
A digital ledger that keeps record of all transactions taking place on a peer to peer network.It is decentralized and so, there is no need of any central certifying authority.Encrypted information can be shared among multiple providers without the risk of a privacy breach.
It represents an innovation in information registration and distribution that eliminates the need for a trusted party to facilitate digital relationships.Authentication and authorization, vital to digital transactions are established as a result of the configuration of blockchain technology.
Artificial intelligence refers to the machine's ability to imitate intelligent human behaviour.
In other words, artificial intelligence techniques are algorithms that try to imitate things that humans do. On the other hand, automated learning is a science and geometry that gives computers the ability to learn without the need for an explicit programmer.
Some examples of AI technologies that are commonly used today include:
*Speech Recognition: Taking audio and working out what the words spoken are.
*Natural Language Understanding: Taking sequences of words and determining the intended meaning.
*Computer Vision: Recognizing objects and understanding the world — to provide sensory input for control of a driverless car, for example.
*Dialogue Management / Conversational AI: Ability to conduct a natural conversation with a user. Taking in the meaning conveyed by the user, thinking, and deciding what to SAY and DO next.
The Internet of Things (IoT) is a broad term that refers to everyday devices like lights, thermostats, and locks that are able to connect to the Internet and to each other. These connected devices can exchange data and work together, automating tasks that used to be manually performed. By 2020, it is predicted that there will be anywhere between 26 billion to 200 billion devices connected to the Internet.