Integration of Blockchain and AI: Exploring Application in the Digital Business
Teo Rong Xuan, Stephanie Ness
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.