Blockchain and Machine Learning Integration for Safe Data Sharing in Finance and HR

Abstract

Modern finance and HR businesses have challenges in exchanging data due to centralized systems that are subject to hacking and lack transparency. The study proposes employing blockchain technology and machine intelligence (ML) to address these issues holistically. The proposed system enhances integrity and resilience to assaults by utilizing a decentralized ledger for secure data exchange. ML algorithms enable predictive analytics, risk management, and personalized insights. The proposed system outperforms the existing system in terms of accuracy, security, and efficiency. The accuracy of fraud detection increases from 0.75 to 0.90, as does the estimate of staff turnover from 0.80 to 0.95. The proposed system achieves an overall accuracy of 95%, surpassing the existing system's 85%. Blockchain and ML integration can alter data management methods in finance and HR industries, with improved security measures resulting in a risk score of 2 compared to 7 in the existing system.