Blockchain technology is a decentralized digital ledger system that records transactions across multiple computers in such a way that the registered transactions cannot be altered retroactively. This technology ensures transparency, security, and integrity of data by using cryptographic principles, where each block in the chain contains a list of records, timestamps, and a reference to the previous block. This creates a continuous and secure chain of information. Blockchain is commonly associated with cryptocurrencies like Bitcoin, but its applications span various industries, including finance, supply chain, healthcare, and more, as it facilitates trustless interactions and reduces the need for intermediaries. Each participant in the network can have access to the entire ledger, which enhances accountability and reduces fraud.
Lightchain AI pioneers the integration of artificial intelligence and blockchain technology through its Artificial Intelligence Virtual Machine (AIVM). The Proof of Intelligence (PoI) consensus mechanism rewards nodes with AI computations,…