Artificial Intelligence (AI), Blockchain, and Cryptocurrency in Finance: Current Scenario and Future Direction

Hosen, Mosharrof; Thaker, Hassanudin Mohd Thas; Subramaniam, Vasanthan; Eaw, Hooi-Cheng; Cham, Tat-Huei

doi:10.1007/978-3-031-25274-7_26

Cited by 9 publications

(6 citation statements)

References 38 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…AI can also be utilized to analyze large amounts of data and provide insights into market trends, thereby assisting traders and investors in making informed decisions about buying or selling cryptocurrencies. AIpowered trading bots can also be deployed to automate trading strategies and execute trades based on predetermined criteria [6][7][8][9][10][11][12][13][14].…”

Section: The Main Research Materialsmentioning

confidence: 99%

“…As a result, industry regulation has become a major focus in order to ensure the safety and security of investors. The cryptocurrency market is constantly evolving and experiencing both positive and negative developments [8][9][10][11][12][13][14][15][16].…”

Section: The Main Research Materialsmentioning

confidence: 99%

“…Additionally, AI can be integrated with natural language processing (NLP) to improve customer service interactions, allowing financial institutions to provide personalized and efficient support to their clients. As the possibilities for AI and other innovative technologies continue to expand, it is important for financial institutions to stay up-to-date and explore new avenues for growth and advancement [6][7][8][9][10][11][12][13][14].…”

Section: The Main Research Materialsmentioning

confidence: 99%

See 2 more Smart Citations

Integration of Artificial Intelligence Into the Blockchain and Cryptocurrency Market

MANDYCH,

STAVERSKA,

MALIY

2023

MDES

View full text Add to dashboard Cite

This article explores the transformative potential of integrating artificial intelligence (AI) into blockchain technology and the cryptocurrency market. Highlighting the growing attention towards blockchain and cryptocurrencies, emphasizing their decentralized, secure, and transparent nature. However, challenges, including the need to address scalability issues and ensure responsible usage, prompt a focus on AI integration as a viable solution. The study delves into the benefits of AI in the cryptocurrency market, showcasing its ability to predict trends, identify risks, and optimize trading strategies. The research emphasizes the relevance of investigating the integration of AI into blockchain and its specific applications, particularly in detecting and preventing fraud. The article recognizes the potential for increased efficiency, reduced costs, and improved security in transactions through this integration. Acknowledging potential challenges such as AI decision-making implications and technical hurdles, the article advocates for ongoing research and development. It highlights the need for responsible AI adoption to maximize benefits while addressing concerns like algorithmic biases and potential market manipulation. Also explores AI's role in risk management, fraud detection, and investment management within the financial sector. It underscores the importance of ethical considerations, transparency, and accountability to ensure AI's integration aligns with the best interests of all stakeholders. As the article concludes, it emphasizes the dynamic and transformative potential of the integration of AI into blockchain and the cryptocurrency market. It advocates for a collaborative approach among stakeholders, policymakers, and developers to ensure responsible usage, compliance with regulations, and ongoing innovation. The synthesis of AI and blockchain technologies has the potential to revolutionize industries, enhance security, and contribute to a more efficient, transparent, and innovative future.

show abstract

Section: The Main Research Materialsmentioning

confidence: 99%

Section: The Main Research Materialsmentioning

confidence: 99%

Section: The Main Research Materialsmentioning

confidence: 99%

See 1 more Smart Citation

Integration of Artificial Intelligence Into the Blockchain and Cryptocurrency Market

MANDYCH,

STAVERSKA,

MALIY

2023

MDES

View full text Add to dashboard Cite

show abstract

“…Global governmental efforts to formulate cryptocurrency regulations aiming to deter malefactions and shield consumers have been recognized [41,42]. It is anticipated, based on trends, that as the gravitas of cryptocurrencies amplifies, regulatory architectures will adapt in tandem [43].…”

Section: Regulatory Fluxmentioning

confidence: 99%

Cryptocurrency Investigations in Digital Forensics: Contemporary Challenges and Methodological Advances

Raza,

Shaikh,

Tahira

2023

IDA

View full text Add to dashboard Cite

Digital forensics, a crucial subset of cybersecurity, encompasses sophisticated tools and methodologies for the interpretation, analysis, and investigation of digital evidence, facilitating the identification and mitigation of cybercrimes and security breaches. With the advent of cryptocurrencies, an array of unique challenges has emerged in the domain of digital forensic investigations. This review elucidates the prevailing state of digital forensic practices vis-à-vis cryptocurrencies, emphasizing the obstacles and limitations inherent in probing decentralized and intricate technologies. Notable deficiencies in extant investigative practices were observed. Solutions proffered encompass the formulation of novel software applications tailored for cryptocurrency analyses, the integration of machine learning and artificial intelligence capabilities, and the employment of advanced analytics to discern patterns and irregularities within blockchain transactions. Furthermore, a pioneering methodology, merging traditional digital forensic strategies with blockchain-specific techniques, is posited for efficacious cryptocurrency inquiries. The analysis underscores the imperative for a renewed paradigm in digital forensic examinations to surmount the challenges integral to cryptocurrency probes. By forging novel methodologies and standardizing investigative procedures, support for legal enforcement endeavors can be enhanced, facilitating the efficacious detection and prosecution of cryptocurrency-associated misdemeanors.

show abstract

“…Modern tools and technologies, such as cloud computing, artificial intelligence, machine learning, blockchain, and big data, will allow companies to improve data analysis, risk management, and process transparency [5,43]. It will also help companies adapt more easily to market demands, regulatory changes, and environmental challenges [44][45][46]. The implementation of Accounting 4.0 will allow fuel and energy companies to realize the benefits of digital transformation, including increased productivity, reduced costs, increased competitiveness, and greater resilience in response to global challenges.…”

Section: Literature Reviewmentioning

confidence: 99%

Implementation of information technologies in the international accounting system of fuel and energy sector enterprises

Kuzmenko,

Zakharkina,

Tranchenko

et al. 2023

E3S Web Conf.

View full text Add to dashboard Cite

The study aims the analysis the introduction of information technologies into the international accounting system of organisations in the fuel and energy sector, in particular, to establish the optimal nomenclature composition of digital transformation tools for accounting and auditing tools for the economic activities of organisations in the fuel and energy sector, as well as to establish practical steps to implement these tools in the accounting policies of the studied enterprises. The use of two principles for determining the appropriate range of technological solutions of Accounting 4.0, namely, the expert principle (based on the analysis of 10 professional resources) and the scientometric one (based on the analysis of 500 relevant publications) with their subsequent correlative and analytical comparison, allows providing an independent and high-quality solution to the issue of identifying solutions and tools for digital transformation and modernisation of accounting processes in the economic and economic activities of fuel and energy companies. It is established today, among information technologies, the following digital tools of Accounting 4.0 are the highest priority for integration into the international accounting policy of fuel and energy companies: Cloud Computing, Blockchain Technology, Big Data, Artificial intelligence (AI), AI-based automation, Machine learning and Internet of things.

show abstract

Artificial Intelligence (AI), Blockchain, and Cryptocurrency in Finance: Current Scenario and Future Direction

Cited by 9 publications

References 38 publications

Integration of Artificial Intelligence Into the Blockchain and Cryptocurrency Market

Integration of Artificial Intelligence Into the Blockchain and Cryptocurrency Market

Cryptocurrency Investigations in Digital Forensics: Contemporary Challenges and Methodological Advances

Implementation of information technologies in the international accounting system of fuel and energy sector enterprises

Contact Info

Product

Resources

About