The Benefits of Combining AI and Blockchain in Enhancing Decision-Making in Banking Industry
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F75081431%3A_____%2F24%3A00002717" target="_blank" >RIV/75081431:_____/24:00002717 - isvavai.cz</a>
Result on the web
<a href="https://link-springer-com.ezproxy.techlib.cz/chapter/10.1007/978-3-031-35751-0_22" target="_blank" >https://link-springer-com.ezproxy.techlib.cz/chapter/10.1007/978-3-031-35751-0_22</a>
DOI - Digital Object Identifier
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Alternative languages
Result language
angličtina
Original language name
The Benefits of Combining AI and Blockchain in Enhancing Decision-Making in Banking Industry
Original language description
Artificial intelligence (AI) and blockchain technologies are revolutionizing the banking industry and impacting how banks operate. Not only do these technologies help increase the speed of transactions and reduce security risks, but they can also help financial institutions develop blockchain smart contracts that further enhance digital transactions. AI and blockchain are innovative technologies that pave the way for digital transformation and that will bring about disruptive changes in various industries. Technological innovations such as robotics, cloud technology, and the mobile economy have asserted themselves very quickly in recent years through evolution such as social media and digital identities and have become an important part of the commercial and social economy. The combination of artificial intelligence and blockchain creates what is perhaps the most reliable technology-enabled decision-making system in the world, one that is virtually tamper-proof and delivers robust insights and decisions. This technology enables the exchange of digital information without external users or intermediaries. Utilizing decentralization through blockchain makes digital transactions more secure. Moreover, combining AI and blockchain can contribute to improving cyber security, streamlining financial operations, improving marketing, providing better health care, etc.
Czech name
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Czech description
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Classification
Type
C - Chapter in a specialist book
CEP classification
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OECD FORD branch
50200 - Economics and Business
Result continuities
Project
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Continuities
V - Vyzkumna aktivita podporovana z jinych verejnych zdroju
Others
Publication year
2024
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Book/collection name
Integrating Blockchain and Artificial Intelligence for Industry 4.0 Innovations
ISBN
9783031357503
Number of pages of the result
22
Pages from-to
305-326
Number of pages of the book
329
Publisher name
Springer Cham
Place of publication
Neuveden
UT code for WoS chapter
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