NEW YORK: European blockchain company The Bitfury Group, valued recently at more than US$1 billion, has launched its artificial intelligence division, the company's top official told Reuters in an interview.
"Data is becoming the next oil," Vavilov said."We have collected so much data, but only 2per cent of all this data has been analyzed; 98per cent is sitting idle and waiting to be analyzed.""We also need to trust that data so that's where blockchain comes in," Vavilov said.Blockchain, a digital ledger of transactions, gained prominence as the software underpinning virtual currency bitcoin .
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