Artificial Intelligence (AI) and Blockchain Technology in Transitioning to Decentralized and Automated Finance


Authors : Ahmad Pathan

Volume/Issue : Volume 8 - 2023, Issue 12 - December

Google Scholar : http://tinyurl.com/4cjaxeja

Scribd : http://tinyurl.com/29wmyw4b

DOI : https://doi.org/10.5281/zenodo.10441906

Abstract : Blockchain technology and artificial intelligence (AI) have the potential to transform the economy and bring about a financial revolution in automation and distribution. This study examines how blockchain technology and artificial intelligence might influence various business practices and provide a synergy that could potentially revolutionize traditional finance. The study looks at how decentralization enabled by blockchain technology and AI-driven automation might increase accessibility, security, efficiency, and transparency in loans, payments, business, and risk management. This article offers insight into the difficulties, benefits, and potential future implications of integrating artificial intelligence and blockchain technology into financial markets by evaluating the available research, case studies, and developing trends. This review paper is divided into a few main sections, each devoted to a specific perspective on the study's objectives. The next sections will delve into the specifics of AI and blockchain in various monetary contexts, examine their interaction, present convincing case studies, address obstacles, and outline potential research avenues.

Keywords : Blockchain technology, Artificial intelligence (AI), DeFi banking, Transactions, Decentralisation.

Blockchain technology and artificial intelligence (AI) have the potential to transform the economy and bring about a financial revolution in automation and distribution. This study examines how blockchain technology and artificial intelligence might influence various business practices and provide a synergy that could potentially revolutionize traditional finance. The study looks at how decentralization enabled by blockchain technology and AI-driven automation might increase accessibility, security, efficiency, and transparency in loans, payments, business, and risk management. This article offers insight into the difficulties, benefits, and potential future implications of integrating artificial intelligence and blockchain technology into financial markets by evaluating the available research, case studies, and developing trends. This review paper is divided into a few main sections, each devoted to a specific perspective on the study's objectives. The next sections will delve into the specifics of AI and blockchain in various monetary contexts, examine their interaction, present convincing case studies, address obstacles, and outline potential research avenues.

Keywords : Blockchain technology, Artificial intelligence (AI), DeFi banking, Transactions, Decentralisation.

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