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1. Blockchain and IoT IoT devices generate massive amounts of data, which often face security and scalability challenges. Blockchain addresses these issues by providing: Decentralized Security: Blockchain prevents data breaches by eliminating single points of failure. Immutable Data Records: All IoT data stored on the blockchain is tamper-proof, ensuring trust. Smart Contracts: IoT devices can execute automated actions based on predefined conditions, improving operational efficiency (e.g., automated payments for energy usage in smart grids). Example: In supply chain management, IoT devices track goods, while blockchain ensures data integrity and traceability. --- 2. Blockchain and AI AI benefits from blockchain’s transparency and decentralization, while blockchain can leverage AI’s processing power for better data analysis and decision-making: Data Transparency: Blockchain provides an auditable trail for AI algorithms, addressing the "black-box" problem of AI models.
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