The Synthesis of Blockchain, Artificial Intelligence and Internet of Things

Abstract

This paper is an exploration of several theories on the synthesis of the Blockchain(BC), the Internet of Things (IoT), and Artificial Intelligence(AI) through a literature review. Blockchain technology is a decentralized peer-to-peer network that stores records and transactions in immutable blocks secured by cryptography. The decentralization aspect of blockchain eliminates the need for trusted third party interceder. Internet of Things(IoT) is an interrelated computer system that makes a connection between computers and humans to communicate in several areas; smart devices like homes, cars, radio are just a few examples. IoT challenges are security, connectivity, issues with the analysis of big data, centralization, and vulnerability to attacks.  Artificial Intelligence(AI) machine learning technology is the advanced decision-making process that influences daily routines such as banking, healthcare, gaming, transportation, and space exploration, among others. AI’s challenges are; security, centralized architecture, and resource limitations. The methodology will be a comprehensive quantitative analysis of the existing research and how these technologies can be a transformative impact on how information is accessed through enterprise and society. The convergence of BC, AI, and IoT will provide scalable, secure high-level intellectual functioning that will be the new paradigm of digital information.