Salesforce Looks to Use Blockchain Technology to Cash in on the Ongoing AI Robot Hype

  • Earlier last month, Adam Caplan launched a Hyperledger Sawtooth driven project called ‘Salesforce Blockchain’.
  • The venture is designed to allow enterprises and educational institutions to come together and form groups that can allow participants to save on resources (both financial and digital) by making use of a shared distributed ledger.

Over the past couple of years companies like Google and Amazon have been trying to monopolize the AI market but with little success — mainly because their algorithms have often spawned glaring, bias filled results that have left people skeptical of the technology.

However, Adam Caplan — Salesforce’s head of blockchain — is of the opinion that by structuring unorganized data using a blockchain-based platform, we can map out the origin of biased data (and therefore avoid being misled by it completely). Not only that, during his address at the fifth annual Blockchain Summit, Adam was quoted as saying:

“Blockchain can be really powerful in terms of how these algorithms are made and what’s influencing them. Or if there is bias in AI to be able to understand how that came about.”

It is believed that if Salesforce’s new venture turns out to be a success, it will help the firm tap into a market (A.I) that is estimated to be worth more than $1 trillion.

As mentioned previously, Salesforce’s ongoing research is primarily focused on making use of blockchain technology to track the company’s AI data.

At presstime, very little is known about Salesforce’s latest project but Caplan has stated in many interviews that as and when the time comes, he will reveal more information regarding the venture.

A report released back in 2017 indicates that the AI market will not only help create 800k jobs around the world (by 2021) but will also allow associated tech firms to rope in more money on a yearly basis.

Some big name players that have shown interest in Salesforce’s latest blockchain platform include S&P Global and Arizona State University.

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