European Union (EU) researchers have identified the potential of merging blockchain technology with artificial intelligence (AI), stating that it could have significant implications. In a comprehensive study conducted by the EU’s Blockchain Observatory and Forum (EUBOF), which closely monitors the progress of distributed ledger technology across Europe, the current regulatory landscape of crypto assets in the 27 EU member states, the United Kingdom (UK), and Switzerland was investigated. Additionally, the researchers explored possible future trends in the digital asset sector, highlighting the synergistic relationship between AI and blockchain.

According to the researchers, blockchain has the ability to establish a secure and transparent framework for AI data, guaranteeing data integrity and privacy. This is particularly crucial in sectors like healthcare and finance, where data security is of paramount importance. Furthermore, blockchain can facilitate the development of decentralized AI networks, where AI models and data are distributed across a blockchain network. This decentralized approach reduces the risk of data monopolies and fosters collaborative AI development.

The researchers also emphasized that AI can enhance the functionality of smart contracts by enabling more complex and adaptable contract conditions. Consequently, this can lead to more efficient and automated processes across various industries.

In addition to these findings, the EUBOF researchers predict that the decentralized finance (DeFi) sector will continue to expand, more blockchain networks will adopt interoperable capabilities, and there will be a growing focus on environmentally sustainable blockchain solutions.

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