What is explainable AI: can XAI and blockchain be used together?

Explainable gives better understanding of the AI model’s result.
Explainable AI is also used to verify the data analyzed by the AI

What is explainable AI –

Explainable artificial intelligence is a set of process and method which allows human users to verify and comprehend the output or result from machine learning algorithms. Explainable AI is used to verify the accuracy, fairness, transparency and result from the AI model. These explainable AIs are very crucial for the production unit when putting AI models at operational level.

It is important to understand how an AI-enabled system occurred to an outcome as it will ensure developers that the AI model is producing expected results. It might be necessary to meet the regulatory framework, or might be important for those who are affected by the decision or want to change that outcome.

Examples of XAI and blockchain used together –

Transparent supply chain – blockchain technology can be used in supply chain operation, and with the use of Explainable Artificial Intelligence(XAI) companies can analyze and interpret large amounts of data recorded in the blockchain. XAI can help top management in decision making process.
Fraud detection and prevention – XAI and blockchain can be helpful in detecting fraudulent activities and enhance prevention mechanisms. It will draw anomalies from the past record and on the basis of that, identify whether there is any fraud happening or not and can also give proper explanation for it.
Decentralized prediction market – in prediction market participants predict about future events. With the use of blockchain technology this market can operate more transparently, with more integrity and fairness.XAI can give better explanation for the predictions given by the AI model and can help participants to evaluate the factors which are undertaken by AI model to make prediction, from these factors participants can make more informed decision and can predict future events more accurately.
Healthcare data sharing – blockchain can be a very useful tool in the healthcare sector for storing data and ensuring privacy and integrity.XAI can give explanation for the prediction generated by the AI model, will help medical practitioners to understand reasoning behind diagnosis, treatment plan and research.
Audit and compliance – blockchain records all the transactions and being decentralized makes it transparent too, and because of this feature it is easy to audit. AI models can be used for analyzing vast data and creating anomalies and identifying any violations. XAI can provide explanations for decisions made by the AI model in the auditing process, allowing the auditor to understand the reasoning behind findings.
Fair and transparent voting system – blockchain can be used to create a secured and transparent electoral process which will maintain the integrity of the process. AXI technology can be used to understand the findings on analyzed voting patterns, detected anomalies and the decisions made by AI.
Personalized financial services – blockchain can provide a secured and decentralized platform for storing financial data while XAI can help in analyzing this data and provide personalized financial service.
Energy trading and grid optimization – with the help of blockchain technology, we can do peer-to-peer energy trading and optimize energy grids. With XAI users can get better explanation for the results generated by the AI model on energy consumption patterns, weather data and energy distribution charts.
Intellectual property rights – blockchain can give an immutable advantage as we can maintain distributable ledger records which will allow everyone to look at intellectual properties registered to who’s name. With the help of XAI we can verify the recorded data.