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Artificial Intelligence: Blockchain Integration for Modern Business
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Author(s): K.R. Pundareeka Vittala (Faculty of Management, Jain University, Bengaluru, India), Senthil Kumar Arumugam (Department of Professional Studies, Christ University, Bengaluru, India), N. Satish Kumar (Malla Reddy Engineering College, Hyderabad, India)and Amit Kumar Tyagi (National Institute of Fashion Technology, New Delhi, India)
Copyright: 2024
Pages: 18
Source title:
Advancing Software Engineering Through AI, Federated Learning, and Large Language Models
Source Author(s)/Editor(s): Avinash Kumar Sharma (Sharda University, India), Nitin Chanderwal (University of Cincinnati, USA), Amarjeet Prajapati (Jaypee Institute of Information Technology, India), Pancham Singh (Ajay Kumar Garg Engineering College, Ghaziabad, India)and Mrignainy Kansal (Netaji Subhas University of Technology (NSUT), Delhi, India)
DOI: 10.4018/979-8-3693-3502-4.ch006
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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.
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