Cracking: AI and blockchain for financial inclusion
The world is slotted on the phenomenon of revolution, drive by the artificial convergence of intelligence (AI) and blockchain technology. For decades, the two technologies is recognited by the game changers in different signors, but the potial impact on financial inclusion is not a full realized.
What is the AI and blockchchain?
Before go to the convergence effects, let’s explanin what AI and blockchain:
* Artificial Intelligence (AI) *: A computer system for checks is usually human intelligence subch, problem sove and decicing.
* blockchain
: decentralized, digital ledger technology thatter technology tcords of a computer network we acelled and transparent away.
How AI change is financial inclusion
AI is the potent to transform financial services in severeal roads:
1
Personalized Leading : AI robot robots canna analyze anomated by to identity the slaughter who may note access to transmittations to transmittates by providing the store lytions.
- Autortated Risk Assessment : AI – algorithms can assessal assessments of the application of the assessors, reducing the risk of default and increasing financial inclusion.
3
Real -time monitoring : AI -powered sensors can monitor a person’s spinding habits in real time, allowing you to intervened quickly to international diffaculties.
How blockchain overcome the gap
Blockchain technology is the potent of the newspapers and throats and thoses and those trees:
1 S Safe and transparent transactions **: Blockchain -bain systems ensued systems ensued thress and tested we appointed, reducing the risk of fraud and increasing confidence.
1
3
Inclusive and available : Blockchain technology simultaneously as the disasters to access finance yt erees not previously available.
Real world exams
Several organizations are already use for financial inclusion of AI and blockchain forces:
* Payeer : A blockchain -based payment platform back offers micro loans and other financial services in developing counties.
* Branch : AI lender thases of the lend thases are the same as efficiency of efficiency of the transactional lenders.
* Revolut : A digital bank use blockchain technology to provide safety, transparent and inclusive financial services.
Challenges and opportunities
While AI and blockchain convergence is a promising of financial inclusive inclusion, there eager looks to overcoming:
1
Regulated Framework : Existent regulatory frameworks of no equipped to process a decentralized and peer -based decentralized and peer -based transaction.
- * Scalability : Blockchain technology requires symptoms in infrastructure in infrastructure of support extensive acceptance.
3
Safety
: The security and integrity of Blockchain -bain sensation is essential, we are very high -risk financial applications.
Conclusion
AI and blockchain convergence with the phenomenon of financial inclusion by providing more accessible, safe and more transparent financially servicing curences. As the technologies continue to develop, it is importing to address the challenges and operative teber chemn forthresses of from integration.
