{"id":6849,"date":"2022-08-23T04:43:53","date_gmt":"2022-08-23T04:43:53","guid":{"rendered":"https:\/\/47billion.com\/?p=6849"},"modified":"2024-12-23T05:17:04","modified_gmt":"2024-12-23T05:17:04","slug":"integrating-blockchain-in-machine-learning-data-storage-and-management-part-2","status":"publish","type":"post","link":"https:\/\/47billion.com\/blog\/integrating-blockchain-in-machine-learning-data-storage-and-management-part-2\/","title":{"rendered":"Integrating Blockchain in Machine Learning- Data Storage and Management Part 2"},"content":{"rendered":"\n

Welcome to the second part of the blog series “The Symbiosis between Machine Learning and Blockchain.” In the previous blog, we discussed use cases of Machine Learning integrated with Blockchain<\/a>. Please go through the blog.\u00a0\u00a0<\/p>\n\n\n\n

In this blog, we will learn more about the challenges faced in machine learning and how integrating Blockchain into machine learning can solve those challenges.    <\/p>\n\n\n\n

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As we know, access to Machine Learning algorithms is centralized with giant tech companies. They have control over an unprecedented amount of data in their data silos.    <\/p>\n\n\n\n

Here is a scenario! What if everyone – individual or organization- can contribute their private data and get compensated to create a database that preserves the privacy of the data yet allows AI models to train on them? It would provide data scientists with the required organized and labeled data. Decentralized Machine Learning (DML) can assist in making this feat possible.   <\/p>\n\n\n\n

DML involves training a machine learning model on data from a blockchain-based data marketplace. It is an infrastructure that addresses issues related to centralization in AI. These include data privacy, centralized model training, and expensive computation.    <\/p>\n\n\n\n

Let’s see in detail how DML solves these problems. Decentralization can mainly affect ML’s three main building blocks: the data, the model, and the computing power.    <\/p>\n\n\n\n

We recommend a smart contract-based data marketplace where individuals get incentives to provide data. This data is referred to but is not limited to the medical and financial sectors, where data security and privacy are of utmost importance. Interested researchers can use this data with permission to train their ML models. Some of these data marketplaces are Datum, Ocean-Protocol, and BigChainDB.   <\/p>\n\n\n\n

Let’s discuss in brief how they work.  <\/p>\n\n\n\n

Datum <\/strong> <\/h3>\n\n\n\n

Datum Network provides a blockchain-based decentralized private data storage platform. Here the users can securely store their private data or the data extracted from edge devices like smartphones, IoT sensors etc. with which they interact. Here are some of its key features-  <\/p>\n\n\n\n