Integration of Artificial Intelligence and Blockchain Technology

Abstract

This chapter comprehensively reviews the integration of artificial intelligence (AI) and blockchain technology. AI is a machine simulation of human intelligence to create systems that can perform tasks that typically require humans to recognize patterns and solve problems. It has been successfully applied across various sectors such as healthcare, finance, transportation, education, etc. Blockchain technology is a decentralized distributed ledger system that records transactions across networks. Although it gained popularity when Bitcoin was introduced, it can be applied to various sectors such as decentralized finance (DeFi), healthcare, supply chain management, etc. An extensive review of journal articles was conducted to explore the synergies, challenges, and potential research directions of AI and blockchain convergence, especially in the financial sector. The contents of the selected articles were summarized to evaluate the current applications and future research directions were outlined.