Artificial Intelligence (AI), Machine Learning (ML), and Internet of Things
(IoT) are incredible instances of the technology paradigm and have brought about
revolutionary changes in the communication, internet, and digital sectors coalesced into
one and induced a landslide shift in the lifestyle of mankind. But the privacy concerns
of the individuals can be trustfully and transparently addressed only by the use of
ingenious contemporary technology, the Blockchain. Blockchain is a kind of
distributed ledger technology that uses a peer-to-peer, distributed network to make a
continuous, growing chain of time-stamped records to form a digital ledger. It is
decentralized, which means that it can not be controlled by a central authority. It has
numerous advantages like transparency, immutability, decentralization and can be
incorporated in almost any sector of the society to increase the security of the
transactions being carried out. This chapter predominantly focuses on the concepts of
Blockchain and aims to do a comprehensive survey on its advantages and applications
and also highlights the future prospects because even though it is so popular today, this
technology is still in its infancy.
Keywords: AI, Artificial Intelligence, Blockchain, Decentralization, Distributed
Ledger Technology, Immutability, Internet of Things, IoT, ML, Machine learning,
Transparency.
