Author:
Mat Rahim Siti Rohaya,Mohamad Zam Zuriyati,Abu Bakar Juliana,Mohsin Farhana Hanim,Md Isa Norhayati
Abstract
This study examines the two important aspect of latest technology issues in Islamic finance that related to artificial intelligence (AI) and smart contract. AI refers to the ability of machines to understand, think, and learn in a similar way to human beings, indicating the possibility of using computers to simulate human intelligence. Smart contract is a computer code running on top of a block-chain containing a set of rules under which the parties to that smart contract agree to interact with each other. The main objectives of this article are to evaluate the operations of AI and smart contract, to make comparison between the operations of AI and smart contract. This article concludes that AI and smart contract will have a huge impact in future for Islamic Finance industry.
Publisher
Canadian Center of Science and Education
Subject
General Economics, Econometrics and Finance,General Social Sciences,General Arts and Humanities
Cited by
27 articles.
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