One of the clear benefits to
blockchain applications are the decentralized factor. One application is to use a federated learning algorithm. With this being decentralized, the algorithms
get the benefits of collective machine learning across the multiple data owners.
This trial is being used in Munich, Germany to assist commuters in finding a
parking spot. This innovation is created by Fetch.ai. This is designed to work
with the decentralized machine learning network in smart infrastructures. The area
being used is titled M-Zone. This was engineered to use multi-agent
blockchain services with AI. The goal is to optimize the local parking
resources in commercial real estate properties. A positive by-product of this
is a reduction in the city’s carbon footprint. This is accomplished by the AI
system search for the nearest parking spot to the user’s destination, booking
it for the user, and providing the user directions to the parking spot. When
the user leaves, the fee is calculated and paid. This is another example of
applying technology to improve the user’s life and our environment.
BLOCKCHAIN is a decentralized
digital ledger consisting of records called blocks that is used to record
transactions across many computers so that any involved block cannot be changed
retroactively, without the alteration of subsequent blocks. This is especially
beneficial for logs which cannot or should not be altered or to add a layer of
cybersecurity.
BLOCKCHAIN is useful for
applications requiring logs which may not be adjusted, automated processes, and
cybersecurity.
Please contact us when we may be
of assistance with showing you when and how to apply blockchain to your
business, products, and processes.
Charles Parker, II; Principal
Scientist; MBA/MSA/JD/LLM/PhD/DCS (IP)
810-701-5511
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