Revolutionizing Next-Generation Industry with AI-Blockchain Synergy for Enhanced Security and Automation

AI and blockchain are making future enterprises safer, more automated, and more open. This article proposes combining machine learning algorithms with open blockchain networks to improve corporate operations and protect private data. We tried using it for safe industrial processes, smart contract-based banking, and autonomous supply chain management. Technology performance, transaction speed, data loss, and cost were the KPIs. The trial found that blockchain's safety reduced data breaches by 41%, automation improved by 38%, and smart contracts ran 23% quicker. Technology reduced operational expenses by 27% compared to conventional methods. A detailed scalability analysis demonstrated that the proposed system could handle 1.5 million events per second and make 99.9% accurate automated judgments. Data shows that merging AI with blockchain makes things safer, more automated, and cheaper, making it a smart choice for digital-first companies.

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Publication Details

Published
2024-12-06
DOI
https://doi.org/10.1109/ihcsp63227.2024.10959914
Primary Topic
Blockchain Technology Applications and Security
Type
article
Field-Weighted Citation Impact
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article

Revolutionizing Next-Generation Industry with AI-Blockchain Synergy for Enhanced Security and Automation

Haewon Byeon, V Kiran Kumar, Pramod Kumar, Devender Kumar et al.
Blockchain Technology Applications and Security
article

Revolutionizing Next-Generation Industry with AI-Blockchain Synergy for Enhanced Security and Automation

Haewon Byeon, V Kiran Kumar, Pramod Kumar, Devender Kumar, Mukesh Soni
article en

Abstract

AI and blockchain are making future enterprises safer, more automated, and more open. This article proposes combining machine learning algorithms with open blockchain networks to improve corporate operations and protect private data. We tried using it for safe industrial processes, smart contract-based banking, and autonomous supply chain management. Technology performance, transaction speed, data loss, and cost were the KPIs. The trial found that blockchain's safety reduced data breaches by 41%, automation improved by 38%, and smart contracts ran 23% quicker. Technology reduced operational expenses by 27% compared to conventional methods. A detailed scalability analysis demonstrated that the proposed system could handle 1.5 million events per second and make 99.9% accurate automated judgments. Data shows that merging AI with blockchain makes things safer, more automated, and cheaper, making it a smart choice for digital-first companies.

Inje University (KR), Baba Mastnath University (IN), Graphic Era University (IN)
Industry, innovation and infrastructure
Openalex Percentile: Top 53%
Blockchain Technology Applications and Security
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Revolutionizing Next-Generation Industry with AI-Blockchain Synergy for Enhanced Security and Automation — Haewon Byeon, V Kiran Kumar, et al. · (2024) | TGRS Research Map | TGRS