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September 30, 2024· Applications of Blockchain and Artificial Intelligence in Finance and Governance
book-chapter

Convergence of artificial intelligence and blockchain in finance and governance

Authors:S. RajarajeswariM. ArunachalamS. NachiyappanS. Senthil KumarA M Viswabharathy

Abstract

Artificial Intelligence (AI) and blockchain are leading-edge technologies, discovering the future today. Blockchain is a secure and verifiable mechanism for decentralized transaction validation; AI technology is gradually promoting the intelligent development of various industries. AI has already made significant strides in mimicking human intelligence, cutting costs while improving efficiency. Blockchain makes artificial intelligence more autonomous and credible, and artificial intelligence can prompt blockchain toward intelligence. This chapter discusses the convergence of blockchain and AI in finance and governance from a more comprehensive and three-dimensional point of view. This chapter focuses on the research work in the combination of AI and blockchain and challenges related to these convergences of both technologies.

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