Blockchain and AI: The EU prepares for a new future

The European Union (EU) has taken an important step towards integrating blockchain technology and artificial intelligence (AI). The European Blockchain Observatory and Forum (EUBOF) has published a final report highlighting the potential of blockchain and AI.

The potential of blockchain

The EUBOF report identifies a strong trend of increasing convergence between blockchain and AI. This convergence can improve the security of sensitive AI datasets, which can be particularly useful in healthcare and the financial sector, where data security is critical.

The future of AI and blockchain

The convergence of blockchain and AI can also enable the development of decentralized AI networks. This could reduce the risk of data monopolies and promote the collaborative development of AI. In addition, AI can improve the functionality of smart contracts, which can be used in various sectors.

The growth of DeFi and the future of blockchain

The research further acknowledges the continued growth of the decentralized finance (DeFi) ecosystem and expects the launch of new protocols and emerging applications. The inherent sustainability and energy efficiency of blockchain technology will be key drivers for its continued adoption.

Recommendations for the future

EUBOF makes various recommendations, including acting as a global knowledge center for blockchain, strengthening European engagement with various stakeholders, and addressing issues that arise from new innovations.

The future of AI in Europe

At the same time as the EUBOF report, the EU announced plans to change the current regulations for the European High Performing Computer Joint Undertaking (EuroHPC). EuroHPC, which manages nine supercomputers in Europe, has made significant progress since the initiative was launched. The new AI factories proposed by the amendment will further support this mission.

This is an important step forward for the EU and could pave the way for new innovations and applications of blockchain and AI.

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