Information Systems Integration – Tony Messina


Artificial Intelligence and Blockchain

Image result for artificial intelligence and blockchain

Artificial Intelligence (AI) and blockchain are two new emerging technologies that can be revolutionary for business. In its current state, artificial intelligence is known as narrow or weak AI which means it is one dimensional and is only capable of accomplishing one task. For example, AI that can only drive cars or internet searches. Blockchain is a filing and storage system for encrypted digital information consisting of a public ledger and is best known for its use for cyptocurrencies. One benefits of the combined use of these two technologies is that they work well together. Although information is encrypted and secure of the blockchain, algorithms are still able to work with the data.  The information gained from AI can be hard to understand, but integrated with blockchain it can help  understand the logic and decisions made by AI. This is important if companies want to use this information to their advantage.

What do you think potential capabilities of AI and blockchain? In the future do you see companies using these two technologies together?

Hacking Cryptocurrency







Blockchain is a digital ledger in which transactions made in a cryptocurrency are recorded chronologically and publicly. The attractiveness of this new technology is that it allows users complete financial control since there are no banks or other third parties involved in the process. However, there are some risks that come with purchasing cryptocurrenices such as Bitcoin, Ethereum, and Ripple.

Due to the rise of cryptocurrencies, hackers have been discovering new ways to breach data. Since blockchain technology is still in the early stages, it is vulnerable to security issues. The article below discusses how hackers have used an app named Coinhive to mine digital currency. In the past few weeks, numerous US and UK government websites have been compromised. Hacking is enticing since the currency is not on anyone’s phones or computers, instead it is held on companies websites alongside many other user’s transactions. Because of this framework, multiple user’s sensitive data have been breached simultaneously. There is now an increasing market for software, services, and hardware to secure blockchain activity and it was estimated that $259 million was spent in 2017 for businesses looking for a solution.

Do you think investing in cryptocurrency is secure? Does it have a bright future? Would you/have you invested in any?


Blockchain in Financial Services Industry

Blockchain technology is a digital, decentralized, and distributed transaction ledger with a growing list of records that is linked and secured by using cryptography. Due to its recent growth in popularity, corporations are starting to understand the technical capabilities for blockchain technology and finding use cases for it, especially in the financial services industry. Currently, the third largest cryptocurrency Ripple (XRP), with a market cap of approximately $50 billion was founded in 2012. Ripple has gained a tremendous amount of popularity since its one of the most scalable cryptocurrency. XRP connects banks and payment providers through its blockchain, RippleNet, simplifying global financial transactions. It’s advantages are quicker transaction times, lower transaction costs, and tracking transactions on its network. In comparison to Bitcoin, cross-border payments could take hours that is associated with ridiculously high transaction fees while Ripple can be completed in a matter of seconds for a fraction of the price.  It has locked partnerships with large organizations such as American Express, Santander, and other financial services companies in Europe, Japan, and South Korea.

In the future, do you think Ripple gain mass adoption and replace our current financial system? What are some of the risks if there was a full scale adoption of Ripple? What are some other applications can blockchain technology be used for?