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AI-enhanced blockchain technology: A review of advancements and opportunities

This review paper offers a comprehensive survey of the convergence between artificial intelligence and blockchain technology. The author categorizes recent adva

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Abstract

This review paper offers a comprehensive survey of the convergence between artificial intelligence and blockchain technology. The author categorizes recent advancements into three main domains: AI-driven optimization of blockchain consensus mechanisms, AI-enhanced smart contract security, and the development of decentralized AI marketplaces. The paper synthesizes literature to explain how machine learning algorithms can predict mining difficulty, detect anomalies in transaction patterns, and optimize shard management in scaling solutions. Furthermore, it addresses the technical challenges of reconciling AI’s computational requirements with the resource-constrained environment of blockchain nodes. The research findings indicate that AI can significantly reduce the energy consumption of Proof-of-Work systems through predictive resource allocation. The paper concludes by highlighting future research trajectories, specifically focusing on privacy-preserving machine learning and the integration of federated learning models within decentralized networks. It serves as a foundational resource for researchers looking to understand the interplay between autonomous agents and distributed ledgers. Authors: D. Ressi Publication: Academic Paper Publication date: 2024-01-01

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Key findings

  • Machine learning can optimize blockchain resource management and energy efficiency.
  • AI models improve smart contract security by detecting vulnerabilities prior to deployment.
  • Decentralized AI marketplaces are enabled by blockchain-based incentive structures.
  • Resource reconciliation between AI computational needs and blockchain node limitations is a critical hurdle.

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Citation

D. Ressi (2024). AI-enhanced blockchain technology: A review of advancements and opportunities. Academic Paper. https://www.sciencedirect.com/science/article/pii/S1084804524000353
Canonical knowledge ID: research:ai-enhanced-blockchain-technology-a-review-of-advancements-and-opportunities