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Artificial Intelligence and Blockchains in Financial Services. Potential Applications, Challenges, and Risks

Author : Aditi Shet Shirodkar

Publisher :

Page : 58 pages

File Size : 16,18 MB

Release : 2017-10-06

Category :

ISBN : 9783668537330

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Book Description

Master's Thesis from the year 2017 in the subject Computer Science - Commercial Information Technology, grade: A- (94/100), language: English, abstract: The aim of this dissertation is to identify the use cases for AI and Blockchain technologies in the Financial Services. It will also provide the possible applications for these technologies in the future and identify the challenges and risks of using the same. Artificial Intelligence (AI) and Blockchain technologies have been at the centre of research for the past couple of years. AI is more widely used and implemented by Tech companies and we come across it in some form or another in our daily lives. Bitcoin (the original Blockchain) is also gaining popularity. Financial Industry however have been slow in accepting these technologies due to several reasons such as need for higher security in financial firms, some shortfalls in the technologies, and lack of standardized regulations. There are certain firms who have taken up the initiative to work in these fields and have come up with various Proof-Of-Concepts (POCs) specifically for the financial industry. There also firms that are working towards integrating the two. These technologies are individually effective, but integrating the two could provide better and faster solutions. Both these technologies, AI and Blockchain, will prove to be disruptive. AI would make our lives easier and more efficient while Blockchain would provide us with a secure and decentralized data system. Effective use of both these technologies would provide considerable cost benefits to financial institutions.



Artificial Intelligence

Author : Marco Antonio Aceves-Fernandez

Publisher : BoD – Books on Demand

Page : 466 pages

File Size : 26,5 MB

Release : 2018-06-27

Category : Computers

ISBN : 178923364X

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Book Description

Artificial intelligence (AI) is taking an increasingly important role in our society. From cars, smartphones, airplanes, consumer applications, and even medical equipment, the impact of AI is changing the world around us. The ability of machines to demonstrate advanced cognitive skills in taking decisions, learn and perceive the environment, predict certain behavior, and process written or spoken languages, among other skills, makes this discipline of paramount importance in today's world. Although AI is changing the world for the better in many applications, it also comes with its challenges. This book encompasses many applications as well as new techniques, challenges, and opportunities in this fascinating area.



Blockchain Technology: Applications and Challenges

Author : Sandeep Kumar Panda

Publisher : Springer Nature

Page : 307 pages

File Size : 11,74 MB

Release : 2021-04-30

Category : Technology & Engineering

ISBN : 3030693953

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Book Description

This book discusses the various open issues of blockchain technology, such as the efficiency of blockchain in different domains of digital cryptocurrency, smart contracts, smart education system, smart cities, cloud identity and access, safeguard to cybersecurity and health care. For the first time in human history, people across the world can trust each other and transact over a large peer-to-peer networks without any central authority. This proves that, trust can be built not only by centralized institution but also by protocols and cryptographic mechanisms. The potential and collaboration between organizations and individuals within peer networks make it possible to potentially move to a global collaborative network without centralization. Blockchain is a complex social, economic and technological phenomenon. This questions what the established terminologies of the modern world like currency, trust, economics and exchange would mean. To make any sense, one needs to realize how much insightful and potential it is in the context and the way it is technically developed. Due to rapid changes in accessing the documents through online transactions and transferring the currency online, many previously used methods are proving insufficient and not secure to solve the problem which arises in the safe and hassle-free transaction. Nowadays, the world changes rapidly, and a transition flow is also seen in Business Process Management (BPM). The traditional Business Process Management holds good establishment last one to two decades, but, the internal workflow confined in a single organization. They do not manage the workflow process and information across organizations. If they do so, again fall in the same trap as the control transfers to the third party that is centralized server and it leads to tampering the data, and single point of failure. To address these issues, this book highlights a number of unique problems and effective solutions that reflects the state-of-the art in blockchain Technology. This book explores new experiments and yields promising solutions to the current challenges of blockchain technology. This book is intended for the researchers, academicians, faculties, scientists, blockchain specialists, business management and software industry professionals who will find it beneficial for their research work and set new ideas in the field of blockchain. This book caters research work in many fields of blockchain engineering, and it provides an in-depth knowledge of the fields covered.



Convergence Of Artificial Intelligence And Blockchain Technologies, The: Challenges And Opportunities

Author : Sam Goundar

Publisher : World Scientific

Page : 462 pages

File Size : 16,25 MB

Release : 2022-05-18

Category : Computers

ISBN : 9811225087

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Book Description

This book covers the growing convergence between Blockchain and Artificial Intelligence for Big Data, Multi-Agent systems, the Internet of Things and 5G technologies. Using real case studies and project outcomes, it illustrates the intricate details of blockchain in these real-life scenarios. The contributions from this volume bring a state-of-the-art assessment of these rapidly evolving trends in a creative way and provide a key resource for all those involved in the study and practice of AI and Blockchain.



Handbook of Research on Blockchain Technology

Author : Saravanan Krishnan

Publisher : Academic Press

Page : 478 pages

File Size : 22,68 MB

Release : 2020-02-04

Category : Science

ISBN : 012820415X

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Book Description

Handbook of Research on Blockchain Technology presents the latest information on the adaptation and implementation of Blockchain technologies in real world business, scientific, healthcare and biomedical applications. The book's editors present the rapid advancements in existing business models by applying Blockchain techniques. Novel architectural solutions in the deployment of Blockchain comprise the core aspects of this book. Several use cases with IoT, biomedical engineering, and smart cities are also incorporated. As Blockchain is a relatively new technology that exploits decentralized networks and is used in many sectors for reliable, cost-effective and rapid business transactions, this book is a welcomed addition on existing knowledge. Financial services, retail, insurance, logistics, supply chain, public sectors and biomedical industries are now investing in Blockchain research and technologies for their business growth. Blockchain prevents double spending in financial transactions without the need of a trusted authority or central server. It is a decentralized ledger platform that facilitates verifiable transactions between parties in a secure and smart way. - Presents the evolution of blockchain, from fundamental theories, to present forms - Explains the concepts of blockchain related to cloud/edge computing, smart healthcare, smart cities and Internet of Things (IoT) - Provides complete coverage of the various tools, platforms and techniques used in blockchain - Explores smart contract tools and consensus algorithms - Covers a variety of applications with real world case studies in areas such as biomedical engineering, supply chain management, and tracking of goods and delivery



Applications of Blockchain Technology in Business

Author : Mohsen Attaran

Publisher : Springer Nature

Page : 116 pages

File Size : 16,46 MB

Release : 2019-09-25

Category : Business & Economics

ISBN : 3030277984

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Book Description

The book discusses the various ways that blockchain technology is changing the future of money, transactions, government, and business. The first two chapters walk through the foundation of blockchain. Chapters 3–12 look at applications of blockchain in different industries and highlight its exciting new business applications. It show why so many companies are implementing blockchain, and present examples of companies who have successfully employed the technology to improve efficiencies and reduce costs. Chapter 13 highlights blockchain’s powerful potential to foster emerging markets and economies including smart cities, value-based healthcare, decentralized sharing economy, machine to machine transactions, data-sharing marketplace, etc. Chapter 14 offers a conceptual model, provides information and insights, and covers a step-by-step approach to plan and develop blockchain-based technology.



Blockchain for Smart Cities

Author : Saravanan Krishnan

Publisher : Elsevier

Page : 386 pages

File Size : 39,33 MB

Release : 2021-08-25

Category : Social Science

ISBN : 0323859887

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Book Description

Focusing on different tools, platforms, and techniques, Blockchain and the Smart City: Infrastructure and Implementation uses case studies from around the world to examine blockchain deployment in diverse smart city applications. The book begins by examining the fundamental theories and concepts of blockchain. It looks at key smart cities' domains such as banking, insurance, healthcare, and supply chain management. It examines Using case studies for each domain, the book looks at payment mechanisms, fog/edge computing, green computing, and algorithms and consensus mechanisms for smart cities implementation. It looks at tools such as Hyperledger, Etherium, Corda, IBM Blockchain, Hydrachain, as well as policies and regulatory standards, applications, solutions, and methodologies. While exploring future blockchain ecosystems for smart and sustainable city life, the book concludes with the research challenges and opportunities academics, researchers, and companies in implementing blockchain applications. - Independently organized chapters for greater readability, adaptability, and flexibility - Examines numerous issues from multiple perspectives and academic and industry experts - Explores both advances and challenges of cutting-edge technologies - Coverage of security, trust, and privacy issues in smart cities



Applications of Blockchain and Artificial Intelligence in Finance and Governance

Author : A M Viswa Bharathy

Publisher : CRC Press

Page : 292 pages

File Size : 31,10 MB

Release : 2024-11-08

Category : Computers

ISBN : 1040130364

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Book Description

In the rapidly evolving landscape of finance and governance, the integration of blockchain technology and artificial intelligence is reshaping the way we perceive and interact with traditional systems. In Applications of Blockchain and Artificial Intelligence in Finance and Governance, the authors delve into the intricacies of this dynamic intersection, offering a comprehensive exploration of the transformative potential of these cutting-edge technologies. From dissecting the symbiotic relationship between artificial intelligence and blockchain to examining their profound impact on cryptocurrency markets, each chapter offers invaluable insights into the role of these technologies in shaping the future of finance. With a meticulous review of open risks and challenges, the book navigates through the complexities of data security in public and consortium blockchain systems, paving the way for enhanced trust and transparency in financial transactions. Through real-world case studies and theoretical frameworks, readers are guided through the application of intelligent resource allocation for data analytics, unlocking the potential for optimized decision-making in blockchain-enabled financial transactions. Moreover, the book explores the revolutionary implications of blockchain and AI in maintaining smart governance records, revolutionizing accountability and efficiency in public administration. This book: Introduces a step-by-step procedure for developing blockchain and artificial intelligence-based applications for the finance industry using decentralized applications and hyperledgers. Discusses improved trust framework and data integrity in the blockchain using artificial intelligence in the finance sector. Highlights the importance of blockchain in solving transaction costs, coordination costs, and supervision costs for efficient resource allocation. Explores the use of explainable artificial intelligence for policy development, service delivery, and regulatory compliance. Explains how federated learning can be used to build more accurate and robust models for financial risk assessment, fraud detection, and customer profiling. From the transformative effects on the accounting profession to the burgeoning adoption of blockchain technology in supply chain finance, this book serves as an indispensable guide for professionals, academics, and enthusiasts alike. Applications of Blockchain and Artificial Intelligence in Finance and Governance illuminates the path toward a more secure, efficient, and equitable financial future, where innovation and collaboration reign supreme.





Applications, Challenges, and Opportunities of Blockchain Technology in Banking and Insurance

Author : Gupta, S. L.

Publisher : IGI Global

Page : 303 pages

File Size : 11,66 MB

Release : 2022-06-03

Category : Business & Economics

ISBN : 1668441357

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Book Description

The surge in technological transformation affects all business model phases over many industries. Emerging technologies provide new avenues for industries to increase their competitive advantage and enhance economic progression. Blockchain technology’s ability to build an open and trustworthy network model seems to promote shared IT-based networks in banking, insurance, and other similar industries. The adoption of blockchain in the banking and insurance industry is developing rapidly. Applications, Challenges, and Opportunities of Blockchain Technology in Banking and Insurance explores how blockchain technologies optimize and integrate the transactions and operations in association with access to information and reduction in communication costs and negligible data transfer errors. It includes studies on various banking and insurance industries intending to use blockchain technology to make transactions convenient, simple, and safe. Covering topics such as cryptocurrency, digital transformation, and small and medium-sized enterprises, this premier reference source is an essential resource for policymakers, government officials, students and educators of higher education, libraries, banking managers, insurance professionals, researchers, and academicians.