AI-Driven Smart Contracts

Abstract

Combining AI with blockchain smart contracts is possible and can significantly improve smart contracts' functionality, flexibility, and performance. In this paper, concepts of intelligent contracts, advanced through artificial intelligence, are described as potential solutions for increasing the efficiency and security of numerous industries. Some of these are explained by showing the application of the technology in financial services, supply chains, healthcare, and legal processes, as well as the practical enhancements brought about by this technology. Furthermore, the paper explores the prospects for developing the AI smart contract regarding compatibility, expansibility, ethical artificial intelligence, and superior automation. AI and blockchain integration are predicted to have immense impacts on economics and social advancements that will lead to increased automation and decentralization.