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Global Blockchain AI Market Size to grow USD 980.70 Million by 2030 | CAGR of 24.06%

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New York, United States , Nov. 03, 2022 (GLOBE NEWSWIRE) — The Global Blockchain AI Market Size was valued at USD 230.10 Million in 2021, the market is projected to grow USD 980.70 Million in 2030, at a CAGR of 24.06%, as per the latest research report by Spherical Insights & Consulting. AI and blockchain are two of the greatest trending methods in the current scenario. The two most popular technologies. Both combined is able to provide robust outcomes, and become highly benefited for various applications such as financial security, supply chain logistics, creating diverse datasets and many others. The Asia Pacific region is anticipated to grow over the next few years of global blockchain AI market due to the rapid adoption of new technologies and is expected to have the highest CAGR in the global Blockchain AI market during the forecast period.   

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Blockchain is a technology that has ability to track transactions between users in a public ledger that was developed originally for Bitcoin. But now it is highly used commercial applications such as tracking ownership documents, digital assets and others. Both artificial intelligence and blockchain contain technical complexity and there seems to be a sense of agreement among experts that these technologies will have serious business implications in coming years. There are various prominent projects for which AI and blockchain technologies form the core of the product or service. Such as AICoin, it is a concept in finance where a token combines with the benefits of artificial intelligence modelling. In this project, the developers developed artificial intelligence models that learn to identify and trade patterns that are hidden in the dozen or so most liquid cryptocurrency markets. This project aims to enable investors in the token to build wealth through the power of artificial intelligence and the blockchain.

The combination of blockchain and AI is useful for business leaders. Some of its major applications are AI marketplaces, crowdsourced predictive models for hedge funds, and investment management Platforms. Artificial intelligence refers to machines that are able to perform intelligent tasks that have traditionally been accomplished by humans. And blockchain is a decentralized network of computers that records and stores data to display a chronological series of events on a transparent and immutable ledger system.

The demand for blockchain AI is increasing with each passing day. The businesses in this industry facing major competition at United States scale with leading players of the market that includes Figure Technologies, Core Scientific, and Cyware Labs holds 26.01% of market share. Many international as well as regional service providers are also participants in the industry and directly compete with leaders. It has been identified that market leading players are investing heavily in growth strategies such ad technological development, resource utilization to enhance their market position.

Browse key industry insights spread across 210 pages with 123 market data tables and figures & charts from the report “Global Blockchain AI Market Size, Share & Trends, COVID-19 Impact Analysis Report, By Component (Platform/Tools, and Services), By Deployment (On-premises, and Cloud), By Technology (ML, NLP, Context-Aware Computing, And Computer Vision), By Application (Smart Contracts, Payment & Settlement, Data Security, Data Sharing/Communication, Asset Tracking & Management, Logistics & Supply Chain Management, And Business Process Optimization), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2021 – 2030”, in detail along with the table of contents

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Development in digitization is becoming one major source and driver of transformational change across all industry verticals. Artificial intelligence is able to enhance the industry toward a high level of efficiency. The United States is digitizing so quickly that most users are scrambling to adapt. The blockchain AI accelerates and also connects the ecosystem of artificially intelligent bots and software. The combination of both delivers universal registration, identity validation, bot audit, and compliance capabilities.

The use of artificial intelligence is becoming more and more predominant across the tech ecosystem. Companies are increasingly looking to integrate artificial intelligence into their products and services in order to stay competitive. To develop artificial intelligence applications, companies frequently essential access to massive datasets. Governments in the United States are adopting Blockchain technology and artificial intelligence at a rapid pace. The United States is busy themselves to become a fully digitalized society, hopefully before the expiration of the current decade. Moreover, the rising demand for digitization across different industry verticals worldwide is expected to drive market growth during the forecast period. This is due to the increasing demand for encryption, transparency, decentralized, and invariable, and demand for blockchain AI for applications such as smart healthcare.

Cloud-based security solutions provide great advantages, including cost-effectiveness, easy deployment, security, and single management facility crossways on all endpoint devices. Cloud-based solutions decrease upfront costs and remove concerns regarding the maintenance of servers. Therefore, cloud-based Blockchain AI solutions are highly applicable as they enhance scalability and are cost-effective for small and medium-size organizations because they are not able to afford on-premises solutions expensive. The increasing adoption of cloud-based technologies and the Internet of Things is a great opportunity for AI solution providers, removing various concerns related to expenditure and installation expenses.

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The companies are exploring the market in new regions by adopting mergers & acquisitions, expansions, investments, new solution launches and collaborations as their strategies. Key players are exploring new areas through expansions and acquisitions across the world to avail competitive advantage through combined synergies. For instance, in Jun 2021 IBM and Telefonica Tech, Telefonica’s digital business holding announced a hybrid cloud solution, this solution helps organizations to fuel their digital transformation with the help of artificial intelligence and blockchain technology. This AI powered virtual assistant and a blockchain platform to embrace an open hybrid cloud strategy. Furthermore, the concept of cloud based blockchain AI is another major factor expected to retain the market growth and generate huge opportunities for market vendors during the forecast period.

Key Companies & Recent Developments: The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

Browse Related Reports

Global FinTech Blockchain Market Size, Share & Trends, COVID-19 Impact Analysis Report, By Application (Smart Contracts, Exchanges and Remittance, Clearing and Settlements, Identity Management, Compliance Management/KYC, Others), By End-User (Small and Medium Size Enterprises (SMEs), Large Enterprises), By Industry (Banking, Non-Banking Financial, Insurance): Global Opportunity Analysis and Industry Forecast, 2021 – 2030

https://www.sphericalinsights.com/reports/fintech-blockchain-market

Global Cloud Computing Market Size, Share & Trends, COVID-19 Impact Analysis Report, By Type (Public Cloud, Private Cloud, and Hybrid Cloud), By Service (Infrastructure as a Service (IaaS), Platform as a Service (PaaS), and Software as a Service (SaaS)), By End User (IT and Telecom, BFSI, Manufacturing, Healthcare, Retail and Consumer Goods, Media and Entertainment, Energy and Utilities, Government and Public Sector, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2021 – 2030

https://www.sphericalinsights.com/reports/cloud-computing-market

Global Cryptocurrency Exchange Platform Market Size, Share, and COVID-19 Impact Analysis, By Cryptocurrency (Bitcoin, Ethereum, Cardano, Solana and Others), By End-use (Commercial and Personal) and by Region (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa), Analysis and Forecast 2021 – 2030

https://www.sphericalinsights.com/reports/cryptocurrency-exchange-platform-market 

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Artificial Intelligence

SQream’s No-Code Platform Panoply Earns 21 G2 Badges in Key Customer Satisfaction Categories for Spring 2024 Report

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These badges demonstrate Panoply’s Continuously Unparalleled Excellence in data warehousing and data extraction based on compiled user reviews
NEW YORK, April 16, 2024 /PRNewswire/ — SQream, the GPU accelerated data processing and analytics company, announced today the remarkable achievement that its no-code ELT and analytics platform Panoply, has received 21 prestigious G2 badges for Spring 2024. These accolades highlight Panoply’s continued commitment to excellence and innovation in the data warehouse and ELT (Extract, Load, Transform) space, and underscores Panoply’s dedication to their customers, particularly in the realm of ease of use, and marks the highest number of badges awarded to the company in one report to date.

G2, a prominent authority in business software and service evaluations, leverages the collective knowledge of its user community to aid individuals in making well-informed choices regarding software and services for their enterprises. The G2 Spring 2024 Report rankings underscore Panoply’s significance to small- and medium-sized businesses grappling with data extraction challenges and highlight the exceptional simplicity of Panoply’s no-code approach.
“We are truly honored to receive 21 G2 badges, which reflect Panoply’s year-on-year growth in customer satisfaction. Simplifying data management in the no-code ELT space is at the core of our commitment to our customer base, and we are thrilled to see that Panoply’s exceptional solutions driving data transformation consistently receive this trusted stamp of approval,” said Ami Gal, CEO and Co-Founder of SQream. “We look forward to advancing our strategy of delivering robust data management solutions across all business types—from SMBs leveraging Panoply for streamlined cloud-based warehousing to enterprises implementing GPU-accelerated analytics with SQream, both in the cloud and on-prem. Our commitment remains to empower every organization to maximize their data potential and drive business success.”
Panoply has consistently set the industry standard for delivering user-friendly solutions that empower organizations to harness the full potential of their data. In the Spring 2024 G2 reports, Panoply earned badges in a wide array of categories, both for their data warehouse capabilities and ETL tools, showcasing its exceptional performance and dedication to simplifying complex data processes, including:
Data Warehouse Category: 
Best Estimated ROIBest Estimated ROI – Mid-MarketBest Support – Small BusinessEasiest AdminEasiest Admin – Mid-MarketEasiest Admin – Small BusinessEasiest Setup – Mid-MarketEasiest to Do Business With – Small BusinessEasiest to UseEasiest to Use – Small BusinessFastest Implementation – Small BusinessHigh PerformerHigh Performer – Asia PacificHigh Performer – EMEAHigh Performer – Mid-MarketHigh Performer – Small BusinessETL Tools Category: 
Easiest AdminEasiest SetupHigh PerformerHigh Performer – Mid-MarketHigh Performer – Small BusinessPanoply’s no-code approach to data management provides greater visibility into business performance by aggregating data from multiple data sources to deliver deeper insights. With Panoply, organizations can automatically store raw data in analysis-ready tables, create core business logic to keep metrics consistent, and explore and visualize their data within the platform’s workbench. Deploying a consolidated storage solution like Panoply also centralizes access to data assets to provide a single source of truth.
If you want to learn more about how Panoply can help you gain fast data insights, visit https://panoply.io and schedule a demo.
About Panoply by SQream
Panoply’s managed data warehouse plus ELT and dashboards make it easy for users to sync, store, access, and visualize their data without complex code. Panoply is a product line of SQream, specializing in data processing and analytics acceleration, revolutionizing the way organizations approach big data analytics and AI/ML workloads with its unique GPU-patented SQL engine. SQream’s solutions are designed to meet the needs of enterprises grappling with massive or complex datasets, offering unparalleled performance, scalability, and cost-efficiency. Tailored for industries ranging from finance to telecommunications, SQream empowers businesses to unlock actionable insights from their data with unprecedented speed and efficiency.
SQream is trusted by leading enterprises including LG Electronics, Samsung Display, Sinch, Orange, AIS, and more. To learn more, visit sqream.com or follow us on Twitter @sqreamtech.
Media Contact:Raz KaplanSenior Marketing Manager at SQream+972 [email protected]
Logo – https://mma.prnewswire.com/media/2068670/4641094/SQream_Logo.jpg
 
 

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TeachAI Announces Foundational Policy Ideas for AI in Education, a New Resource for Education Leaders and Policymakers

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SEATTLE, April 16, 2024 /PRNewswire/ — Today, TeachAI, an initiative led by Code.org, ETS, the International Society of Technology in Education, Khan Academy, and the World Economic Forum, announced the launch of a groundbreaking resource for education leaders and policymakers around the world – Foundational Policy Ideas for AI in Education. The development of this resource was led by AASA, CCSSO, Code.org, CoSN, COSSBA, Education Commission of the States, ExcelinEd, ETS, InnovateEDU, NASBE, NSBA, NEA, SEAMEO, and SETDA. It is designed to help education leaders and policymakers navigate the evolving landscape of artificial intelligence (AI) in education.

The resource, which has been informed by over 70 organizations representing industry, government, non-profits, and educator associations, offers policy ideas, informational briefs, talking points, and a customizable presentation. These materials propose five key policy ideas essential for the safe, effective, and responsible use of AI in education.
Foster Leadership: Establish an AI in Education Task Force to oversee policy development and implementation.Promote AI Literacy: Integrate AI concepts and skills into existing curriculum and instruction.Provide Guidance: Equip schools with guidance on the safe and responsible use of AI.Build Capacity: Provide funding and programs to support professional development on AI.Support Innovation: Promote the research and development of safe and effective AI in education practices, curricula, and tools.”These tools serve as practical resources, aiding leaders in understanding AI’s implications for education,” says Michele Blatt, State Superintendent of Schools, West Virginia. “It is critical that we ensure appropriate supports and guardrails are in place for our teachers and students to effectively use generative artificial intelligence. We must remember that AI is an additional technology tool that can increase productivity and support innovation while recognizing the importance of the teacher in the process.”
As AI becomes increasingly embedded in society and the workforce, education systems across the globe recognize the opportunity and the challenge posed by these advancements. From enhancing student engagement and addressing learning loss to transforming and redefining the essential skills of the workforce, AI offers possibilities for improving educational and career outcomes. This potential hinges on the responsible and ethical use of AI, taught through a framework that addresses critical concerns such as bias, misinformation, and the preparation of students for a world transformed by AI.
Nicolás Cataldo Astorga, Minister of Education, Chile, notes: “As educational systems, we must act swiftly to address a world where artificial intelligence is rapidly emerging. For public policy, this entails collaborating with communities, particularly educators, to creatively, critically, and safely harness these tools for learning, equity, and inclusion.”
“Artificial Intelligence will soon augment nearly every sector of our workforce, and our education system must prepare our students for that future,” says Chris Reykdal, Washington State Superintendent of Public Instruction. “Our mission is to embrace AI in our classrooms to enhance student learning; centering student inquiry, student reflection, and critical thinking.”
TeachAI invites education leaders and policymakers to explore these foundational policy ideas as a step towards embracing the transformative potential of AI in education while also addressing its challenges with foresight and responsibility.
Catherine Truitt, State Superintendent of Public Instruction, North Carolina, says: “By equipping educators and students with the knowledge and skills of AI, we are ensuring they are better prepared for their future. This valuable resource can help create policies and practices to responsibly incorporate AI into education.”
Visit www.teachai.org/policy to see the Foundational Policy Ideas for AI in Education.
About TeachAI
TeachAI brings together education leaders and technology experts to assist governments and education authorities in teaching with and about AI. The initiative is led by Code.org, ETS, the International Society for Technology in Education, Khan Academy, and the World Economic Forum and advised by a diverse group of 100+ organizations, governments, and individuals. TeachAI’s goals include guiding policy, building community and capacity, and increasing awareness. To learn more about TeachAI, please visit www.teachai.org/about.
 

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Artificial Intelligence

SeeTrue’s AI Automated Threat Detection Solution Expands to Pafos Airport After Successful Implementation at Larnaka Airport

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Hermes Airports Boosts Security and Operational Efficiency with SeeTrue’s Solution
FRANKFURT, Germany, April 16, 2024 /PRNewswire/ — SeeTrue, the leading provider of AI Automated Threat Detection software solutions, announces today that it will now be implemented at Pafos Airport after a successful implementation at Larnaka Airport by Hermes Airports Group. This expansion marks a significant step in enhancing security measures at Pafos Airport and providing a smoother passenger journey with a fast and secure screening process.

Hermes, the operator of both Larnaka and Pafos International Airports, which set a record by serving 11.6 million passengers in 2023, aims to enhance the security screening process and overall passenger experience at each location. To this end, SeeTrue’s solution has been installed across all passenger terminal checkpoints at the airports.
This pioneering move has significantly enhanced the airport’s ability to expedite passenger flow through checkpoints, offering a superior experience characterized by smoother operations and consistent security standards. The implementation of SeeTrue AI technology has resulted in higher passenger throughput and streamlined the security screening process, leading to improved operational efficiency.
The SeeTrue AI solution is running an open architecture platform, making it compatible with multiple scanners across various models and OEMs. This adaptability is crucial for airports, such as Larnaka, which utilize security scanners from multiple vendors.
“We are excited about our partnership with Hermes Airports,” stated Assaf Frenkel, CEO and Co-Founder of SeeTrue. “This expansion is a testament to the effectiveness and reliability of our technology in enhancing airport security measures. We are committed to delivering top-tier solutions to ensure the safety and security of travelers and airport personnel.”
“Hermes Airports has an ongoing commitment to enhancing security and the passenger experience,” said Miltos Miltiadous, Chief Operating Officer at Hermes Airports. “With the SeeTrue AI technology, we have observed higher passenger throughputs and streamlined the security screening process.”
SeeTrue will be exhibiting at the Passenger Terminal Expo in Frankfurt on 16-18 April at Hall 5 Booth A170 to showcase its solutions.
About SeeTrue:
SeeTrue is a global leader in Security Screening Solutions, leveraging its state-of-the-art AI technology for secure, fast, and efficient threat detection. SeeTrue’s AI-based automatic threat detection software is implemented worldwide on top of X-ray and CT systems at airports, seaports, urban security checkpoints, customs, and shipment facilities, making security and travel as fast and secure as possible while improving operational efficiency.
SeeTrue operates in Tel Aviv, London, New York and Amsterdam. For more information, visit the company’s website at www.seetrue.ai
About Hermes Airports:
Hermes Airports Ltd. manages and operates Larnaka and Pafos International Airports, under a 25-year BOT (Build-Operate-Transfer) concession agreement with the Republic of Cyprus. The airports offer world-class, state of the art facilities, with an emphasis on excellent customer service. Hermes is committed to improving Cyprus’ connectivity and enhancing the overall passenger experience.
Contact Details:
Sharon SalzmanDirector of Marketing, [email protected]
Video – https://www.youtube.com/watch?v=nKE947hmJcg

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