Artificial Intelligence (AI) and Blockchain: A Powerful Combination for a Better Future
Artificial intelligence (AI) and blockchain are two powerful technologies that have the potential to revolutionize various industries and aspects of our lives. However, it is essential to use these technologies to make lives better, not just as buzzwords to attract investors, says Ana Gallacher, the founder of BabyReady Finance.
BabyReady Finance is a financial platform that helps parents plan ahead for their children’s future by offering rewards, savings plans, and more. Gallacher recently spoke with CoinGeek Backstage about how she is leveraging AI in her startup.
Enhancing User Experience with AI
BabyReady is not a native AI platform, but it is using AI to enhance its users’ experiences and offer new products. One application of AI is in financial advising. Gallacher notes that last year, only 5% of U.K. residents had access to a financial advisor, leaving a huge gap. BabyReady is targeting this market by leveraging AI to “give customers insight about their finances as much as their financial advisor, and allowing them to make smarter financial decisions.”
The Importance of Integrating AI and Blockchain
Gallacher emphasizes the importance of integrating AI and blockchain from the customers’ perspective. Founders must ensure that the integration benefits the users and is not just a hype word for investors. She also highlights that AI relies on data, and with blockchain, this data can be securely collected and stored, making the two a perfect match.
Masterclass Takeaways
Gallacher attended the AI Forge’ Intro to AI and blockchain masterclass, which was steered by Nav Kumar from Astroware AI and Richard Boase from BSV Mint. The masterclass delved into the intersection of the two technologies and some areas they could impact the most. Gallacher’s takeaways from the masterclass include the importance of not rushing into either technology and ensuring that the integration benefits the users.
Conclusion
In conclusion, AI and blockchain have the potential to revolutionize various industries and aspects of our lives. However, it is essential to use these technologies to make lives better, not just as buzzwords to attract investors. By integrating AI and blockchain from the customers’ perspective and ensuring that the integration benefits the users, we can unlock the full potential of these technologies and create a better future for all.
FAQs
Q: What is BabyReady Finance?
A: BabyReady Finance is a financial platform that helps parents plan ahead for their children’s future by offering rewards, savings plans, and more.
Q: How is BabyReady using AI?
A: BabyReady is using AI to enhance its users’ experiences and offer new products, including financial advising.
Q: Why is it important to integrate AI and blockchain?
A: It is essential to integrate AI and blockchain from the customers’ perspective and ensure that the integration benefits the users. AI relies on data, and with blockchain, this data can be securely collected and stored, making the two a perfect match.
Q: What are the takeaways from the AI Forge’ Intro to AI and blockchain masterclass?
A: The takeaways from the masterclass include the importance of not rushing into either technology and ensuring that the integration benefits the users.
Q: What is the potential of AI and blockchain?
A: The potential of AI and blockchain is vast, with the ability to revolutionize various industries and aspects of our lives. However, it is essential to use these technologies to make lives better, not just as buzzwords to attract investors.
