BLOCKCHAIN AND AI ENABLED NEW BUSINESS MODELS AND APPLICATIONS

Abstract

In recent years, the convergence of block chain technology and artificial intelligence (AI) has emerged as a transformative force, shaping new business models and driving innovative applications across various industries. This abstract provides an overview of the synergistic potential of block chain and AI, highlighting their impact on shaping new business models and applications. Block chain, a distributed ledger technology, offers a decentralized and immutable platform for secure data storage and transparent transactions. It provides the foundation for trust and enables the creation of smart contracts, which are self-executing agreements that eliminate the need for intermediaries. AI, on the other hand, encompasses a range of techniques and algorithms that enable machines to perform tasks that typically require human intelligence, including natural language processing, machine learning, and computer vision.