The rapid uptake of blockchain and artificial intelligence (AI) technologies
like machine learning (ML) in particular has brought about a paradigm change that is
elevating the digital ecosystem for smart cities. The development of new technology
can be used to create intelligent societies within smart cities in this era of rapid digital
communication. Uses of blockchain technology and ML technologies are proliferating,
guaranteeing solutions for issues in a multitude of sectors, such as financial services,
cryptocurrency, threat intelligence, social and public services, and the Internet of
Things. These “smart cities” are constructed using various technologies, including
artificial intelligence and blockchain. As a result, the way these technologies are
applied in smart cities both present and future will alter not only the character of
governance and human interaction but also the way business is done. The research
suggests doing an experimental study to find out how blockchain technology and
artificial intelligence are affecting the creation of smart cities. It tries to set the scene
for queries like how traditional business models are getting ready for this disruption,
what obstacles they might encounter, and what effects both technologies might have on
the organization's growth. Blockchain technology and artificial intelligence have a lot of potential to help create smart cities. The results of the research will provide
corporations with the rationale to start concentrating on these technologies and putting
early adoption strategies into place, which will eventually cause them to change their
smart city business models advance.
Keywords: Artificial intelligence, Blockchain, Development, Electronic commerce, Smart city.
