Procurement Magazine April 2025 | Page 147

BLOCKCHAIN
( Grandview Research reports)

ACY

enhance data privacy, security and decentralised decision-making.
He observes that“ the blockchain landscape in AI is evolving rapidly,” driven by a need for secure data management. Blockchain provides a“ verifiable, immutable data trail,” which is essential for compliance with privacy regulations and establishes trust in data sourcing.
Cristiano identifies three primary areas where blockchain is being utilised in AI: data security and privacy, decentralised AI marketplaces and AI governance. He explains that blockchain can safeguard sensitive data, allowing for a more transparent and secure sharing process. Furthermore, he notes the emergence

88 %

THE PERCENTAGE THE GLOBAL BLOCKCHAIN PROCUREMENT MARKET IS ON TRACK TO EXPAND AT OVER THE NEXT SIX YEARS
of“ decentralised marketplaces for AI models,” enabling developers to access and monetise AI assets without intermediaries, thus fostering a more democratised AI landscape.
Looking ahead, Cristiano anticipates significant shifts driven by data privacy demands, interoperability advancements, and regulatory clarity. He asserts that the future may see blockchain acting as a foundational layer for“ decentralised, community-governed AI ecosystems,” enhancing transparency and accountability in various sectors such as healthcare and finance. This integration could ultimately lead to more ethical and resilient AI systems.
procurementmag. com 147