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The Convergence of AI and Blockchain: Transforming Financial Data Management

In today's rapidly evolving technological landscape, two groundbreaking innovations are making waves across industries: Artificial Intelligence (AI) and Blockchain technology. While each offers distinct advantages, their integration is poised to revolutionize how financial institutions handle data, ensure security, and streamline operations.

Understanding Blockchain and Distributed Ledger Technology

Blockchain, a subset of broader Distributed Ledger Technology (DLT), provides a decentralized, transparent, and secure way of recording data. Essentially, it creates a chain of linked data blocks that are securely linked together, forming a distributed database that is tamper-resistant.