Affiliation:
1. Faculty of Management, Jain University, Bengaluru, India
2. Department of Professional Studies, Christ University, Bengaluru, India
3. Malla Reddy Engineering College, Hyderabad, India
4. National Institute of Fashion Technology, New Delhi, India
Abstract
In the rapidly evolving landscape of modern business, the integration of artificial intelligence (AI) and blockchain technologies has emerged as a potent strategy to address various challenges and unlock new opportunities. This chapter presents a comprehensive overview of the integration of AI and blockchain, highlighting its significance and potential implications for businesses across diverse sectors. The synergy between AI and blockchain offers novel solutions for enhancing transparency, security, and efficiency in business operations. AI algorithms enable the automation of complex tasks, data analysis, and decision-making processes, while blockchain provides a decentralized, immutable ledger for secure and transparent data management. By combining these technologies, businesses can streamline processes, reduce costs, mitigate risks, and create new business models. Few key applications of AI-Blockchain integration in modern business include supply chain management, financial services, healthcare, identity verification, and intellectual property protection.