Year: 2024
Type: article
Abstract: Artificial Intelligence (AI) and Distributed Ledger Technology (DLT) together address complex tasks by optimizing and automating business processes and creating innovative new products. Despite their shared digital nature, integrating these two technologies is a challenging process that requires sophisticated solutions. AI relies on large amounts of data and computational power, which are difficult to provide within distributed ledgers. However, the integration of DLT with AI, particularly its interaction with smart contracts, is made possible through the use of an intermediary data exchange and transfer mechanism known as an oracle. This paper analyzes various methods of smart contract interaction with distributed ledgers and hypothesizes the existence of decentralized AI technology. By exploring the methods and techniques for using oracles to facilitate AI and blockchain interaction, we can assess new opportunities for the decentralized economy arising from their combination with AI services and models, and predict the emergence of new decentralized products enhanced by AI technologies.
Authors: Virovets, Denis, Obushnyi, Sergiy, Zhurakovskyi, B., Skladannyi, Pavlo, Sokolov, Volodymyr
Language: English
Subfield: Information Systems
Field: Computer Science
Domain: Physical Sciences
Open Access status: green
OpenAlex ID: W6991942742