AI-Driven Smart Contracts for Blockchain Networks

Abstract

With its decentralized structure and unchangeable record-keeping system, blockchain technology has gained widespread acceptance in a number of industries, including supply chain management, healthcare, and finance. However, there are issues with scalability, security, and efficiency with its conventional implementation. One way to automate transactions and processes on the blockchain is through smart contracts, which are self-executing agreements with the terms of the contract directly written into lines of code. When combined with smart contracts, artificial intelligence (AI) can unleash a new range of capabilities, such as predictive analytics, adaptive contract execution, and autonomous decision-making. The potential, design, implementation, and effects on blockchain networks of AI-driven smart contracts are the main topics of this paper. It explores the advantages, difficulties, and uses of this integration in addition to the direction that AI-enhanced smart contract systems will take in the future.