Blockchain and Machine Learning: A Critical Review on Security

Abstract

Blockchain is the foundation of all cryptocurrencies, while machine learning (ML) is one of the most popular technologies with a wide range of possibilities. Blockchain may be improved and made more effective by using ML. Even though blockchain technology uses encryption to safeguard data, it is not completely reliable. Various elements, including the particular use case, the type of data, and legal constraints can determine whether it is suitable for keeping private and sensitive data. While there may be benefits, it is important to take into account possible hazards and abide by privacy and security laws. The blockchain itself is secure, but additional applications and layers are not. In terms of security, ML can aid in the development of blockchain applications. Therefore, a critical investigation is required to better understand the function of ML and blockchain in enhancing security. This study examines the current situation, evaluates the articles it contains, and presents an overview of the security issues. Despite their existing limitations, the papers included from 2012 to 2022 highlighted the importance of ML’s impact on blockchain security. ML and blockchain can enhance security, but challenges remain; advances such as federated learning and zero-knowledge proofs are important, and future research should focus on privacy and integration with other technologies.