At the Intersection of Blockchain and Big Data

Friends, most of us know that Blockchain is an enabling technology that is poised to transform industries and their business processes. Even more exciting is the potential when Blockchain is integrated into other emerging technologies such as Machine Learning, AI and Big Data. Such nexuses are boni fide strategic multipliers. Big Data analyses are performed by building models, based on the data we can collect, and then running simulations, modifying the value of data points each time and monitoring how it impacts our results. Blockchains greatly improve transparency in data analytics. Unlike previous algorithms, Blockchain design rejects any input that it cannot verify and is deemed suspect. Analysts in industries like Retail only deal with data that is completely transparent. The customer behavior patterns that Blockchain systems identify are likely to be much more accurate than it is today. That is the concept. But in reality will the nexus of Blockchain and Big Data fulfill this vision? Send us your comments. Lawrence, Cryptocurrency Academy (https://cryptocurrencyacademy.blogspot.com)