Integration of Blockchain and AI: Exploring Application in the Digital Business

Abstract

Artificial intelligence (AI) and blockchain are two disruptive technologies that have emerged from the Fourth Industrial Revolution (IR4.0) and have brought about significant transformations in the industry. The convergence of artificial intelligence (AI) with blockchain technology presents significant opportunities for the development of novel business models facilitated by digitalization. The current body of research pertaining to the integration of artificial intelligence (AI) with blockchain technology is available, although there is a lack of comprehensive understanding of the practicality and effectiveness of this integration within the business context. In order to bridge this existing knowledge gap, the primary objective of this research endeavor is to comprehensively analyze and delineate the various applications and advantages of integrated artificial intelligence (AI) and blockchain platforms within diverse sectors of the business industry.

The Convergence of Artificial Intelligence and Blockchain: The State of Play and the Road Ahead

“…However, at that juncture, the integration of blockchain and AI was germinal and unclear, as evidenced by the solitary work found from that time [92]. Also with reference to Table 1, a more thorough and concerted exploration into the amalgamation of these technologies emerged in subsequent years (2018-2023), as indicated by a series of publications [7,[17][18][19]47,58,[74][75][76][79][80][81][82][83][84][85][86][87][88][89][90][91]93,94].…”

“…(g) Sustainability: AI algorithms manage resources in sustainable, large-scale distributed systems like electric power. These systems share characteristics with blockchain and microeconomics, both featuring decentralized computation platforms [7,80]. Nevertheless, microeconomics face challenges in managing limited resources for unlimited needs.…”

“…At the other end of the spectrum, modern conceptions of AI began when mathematician and computer scientist Dr. Turing (1950) introduced the foundational concept of machine intelligence through his examination of whether machines could think [4]. Currently, the ongoing integration of blockchain and AI into a unified methodology is transforming business paradigms by incorporating the principles of decentralization, data immutability, and procedural democracy [5][6][7].…”

The Role of AI in Cyber Security: Safeguarding Digital Identity

“…AI can analyze vast Figure 1. The artificial intelligence Artificial Intelligence (AI) is the Cyber security market size between the years, 2022 and 2032 (US billion) [3]. amounts of data, detect attack patterns and signatures, inform intrusion tools, and improve decision-making capabilities [4].…”

“…Research focused on applying neural network models to enhance cyber resilience in the military. Despite a decade, opportunities and threats of auto AI remain open for exploration and development [3].…”