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Artificial Intelligence (AI), Blockchain, and Cryptocurrency in Finance: Current Scenario and Future Direction

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Proceedings of the 2nd International Conference on Emerging Technologies and Intelligent Systems (ICETIS 2022)

Abstract

By combining artificial intelligence (AI), big data, and cloud computing, the blockchain revolutionises the production of both ascendable information technology systems and diverse applications. The combination of AI and blockchain has enormous potential for developing new financial service models that are enabled by digitalization. Although there are a few investigations on the application and conjunction of AI and blockchain, our extant literature findings on the financial services’ value of their integration are still fragmented. To close this gap, the goal of this research is to evaluate the uses and benefits of integrated AI and blockchain platforms across many financial service platforms. We further discussed the impact of decentralized cryptocurrency on financial sectors. This study revealed that AI and Blockchain have the potential of causing an increase in banking services, lending efficiency, collection and payment competency, and asset management. Furthermore, we highlight cryptocurrencies are encountering cybersecurity, mining, privacy, anonymity, and regulatory challenges that policymakers need to act on.

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Correspondence to Mosharrof Hosen .

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Hosen, M., Thaker, H.M.T., Subramaniam, V., Eaw, HC., Cham, TH. (2023). Artificial Intelligence (AI), Blockchain, and Cryptocurrency in Finance: Current Scenario and Future Direction. In: Al-Sharafi, M.A., Al-Emran, M., Al-Kabi, M.N., Shaalan, K. (eds) Proceedings of the 2nd International Conference on Emerging Technologies and Intelligent Systems. ICETIS 2022. Lecture Notes in Networks and Systems, vol 584. Springer, Cham. https://doi.org/10.1007/978-3-031-25274-7_26

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