The Impact of Blockchain and AI in the Finance Industry

Blockchain's impact on the finance sector has been monumental, overturning age-old financial systems and clearing the path for innovative financial offerings. AI has similarly had a profound effect on the industry. Blockchain and AI are merging forces in this paper, which explores their shared capacity to reshape the financial landscape… Enhanced stability and openness will be crucial for success. Fostering inclusivity is essential in the current climate. The study examines particular scenarios, including DeFi platforms and AI-powered credit scoring utilizing blockchain technology. The analysis explores the challenges encountered when implementing innovations in the financial sector, explicitly addressing regulatory compliance issues, security concerns, scaling difficulties, and data privacy concerns. This paper offers perspectives on the forthcoming landscape of these technologies. These perspectives shed light on regions ripe for growth and the significance of international collaboration. Tackling global economic difficulties is imperative in this respect.