Integral role of blockchain and artificial intelligence in sustainable economic development

Title

Integral role of blockchain and artificial intelligence in sustainable economic development

Creator

Pandey, Ananya; Joseph, Jipson

Description

Blockchain technology and Artificial Intelligence (AI) play variety of roles in sustainable economic growth tackling a range of social, economic, and environmental issues. AI boosts labor productivity and propels economic growth by automating processes and increasing productivity across industries. Transparency in transactions is guaranteed by blockchain's decentralized and unchangeable structure, which is essential for sustainable business processes. Since they foster social inclusion, economic prosperity, and environmental sustainability, blockchain and AI are in line with the Sustainable Development Goals. Ultimately, AI and blockchain are formidable tools that advance sustainable economic growth. Their unique set of abilities provides ground-breaking ways to improve performance, inclusion, and transparency across a wide range of industries. Keeping in view the above, this chapter analyzes the integral role of blockchain and AI in enhancing sustainable economic development. It explores the legal framework concerning the usage of blockchain and AI in several regions and countries. 2025, IGI Global Scientific Publishing.

Source

Driving Socio-Economic Growth With AI and Blockchain;pp.271-290

Date

01-01-2025

Publisher

IGI Global

Coverage

Pandey A., Christ University, Bangalore, India; Joseph J., Christ University, Bangalore, India

Rights

Restricted Access; Hardcopy may be available in the library

Relation

ISBN: 979-836938666-8; 979-836938664-4;

Format

online

Language

English

Type

Book chapter

Identifier

https://doi.org/10.4018/979-8-3693-8664-4.ch012

https://www.scopus.com/pages/publications/105001276637?origin=resultslist