Integral role of blockchain and artificial intelligence in sustainable economic development
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.
creator: Pandey, Ananya; Joseph, Jipson
source: Driving Socio-Economic Growth With AI and Blockchain;pp.271-290
publisher: IGI Global
date: 01-01-2025
rights: Restricted Access; Hardcopy may be available in the library
relation: ISBN: 979-836938666-8; 979-836938664-4;
language: English
type: Book chapter
coverage: Pandey A., Christ University, Bangalore, India; Joseph J., Christ University, Bangalore, India