Use of Artificial Intelligence and Blockchain in Banking Sector : A Study of Scheduled Commercial Banks in India

Kishore Meghani

Volume : X, Issue : VIII, August - 2020

Use of Artificial Intelligence and Blockchain in Banking Sector : A Study of Scheduled Commercial Banks in India

Kishore Meghani

Abstract :

Artificial Intelligence (AI) is rapidly transforming the global financial services industry. Artificial Intelligence studying the thought processes of human beings and it deals with representing those processes via machines (like computers, robots, etc.). on the other side The Block–chain Technology is a technology in which digital information is stored in a public shared data–base. This technology got famous mainly after introducing the first cryptocurrency which is the Bitcoin. The study was conducted to know the importance of using Artificial Intelligence and Block Chain especially in the Banks to reduce the dependency on the human element also to understand what can be the possible implications of the use of artificial intelligence and Block Chain.