How Artificial Intelligence Will Change Blockchain-Based Finance-banner-imageResearch

How Artificial Intelligence Will Change Blockchain-Based Finance

As one of the leading areas of technological advancement, the financial sector is in constant evolution with innovations such as blockchain and artificial intelligence. Let's take a look at how these two revolutionary technologies can transform the world of finance.

Blockchain and Web3: Foundations of the New Financial Infrastructure

The future of finance is being shaped around decentralized Web3 technology. This technology enables users to interact directly and transparently with each other on a global scale, moving beyond closed-loop systems and enabling the globalization of finance. In particular, the development of smart currencies such as stablecoins allows money to take on a more functional role. In this process, blockchain provides a critical infrastructure for the construction of a global financial network where borders are eliminated.

Integration of Artificial Intelligence with Financial Systems

The integration of AI into the financial sector will contribute to making existing processes and technologies more efficient and secure. Studies on various aspects of this integration highlight the following potential innovations:

Portfolio and Risk Management: AI is predicted to be able to master market trends and developments faster and with a broader perspective than humans. This capability can improve asset management processes and increase the efficiency of financial advisors. Moreover, AI-enabled systems can proactively warn investors about potential risks and take necessary precautions. In this way, investors will be able to make more profitable and protected transactions with much less effort.

Algorithmic Trading: Although algorithmic trading usually requires complex technical knowledge, artificial intelligence is thought to make this process more understandable. This could facilitate access to algorithmic trading for investors of all levels. With this access, many investors will be able to generate passive income without having to make the investments themselves.

Customer Service: It is stated that AI assistants can offer personalized investment advice to investors 24/7 by constantly analyzing their personal data. By learning users' investment habits and risk profiles over time, these assistants can make more accurate and personalized recommendations.

Combating Fraud and Fraudulent Transactions: The capacity of artificial intelligence to detect problems such as fraud and forgery, which are common in the financial sector, is emphasized. By analyzing large data sets, it is expected to develop systems that can identify suspicious transactions and take preventive actions.

Automating Manual Processes: It is suggested that artificial intelligence will automate manual processes, especially in repetitive financial transactions. Large technology companies such as Microsoft, Amazon and SAP aim to provide faster and more efficient services to customers by integrating artificial intelligence solutions into their financial services. The AI-powered CoPilot feature integrated into applications such as Microsoft Office not only facilitates users' business processes, but also enables financial software to run more efficiently.

Predictions of how these innovations will transform the financial sector offer valuable insights into how technological advancement can impact not only financial transactions but also broader economic structures. The combination of artificial intelligence and blockchain technologies is expected to make financial services more accessible, efficient and secure.