Rise of blockchain and its synergy with AI/ML in transforming financial services

Authors

  • RVS Praveen Director Utilities Americas, LTI Mindtree, Houston, Texas, USA
  • Hari Krishna Vemuri Enterprise Performance, Deloitte Consulting LLP, 1111 Bagby St Suite 4500, Houston, Texas, USA
  • Satya Subramanya Sai Ram Gopal Peri Business Integration Architecture Manager, HCM Payroll Capability, Accenture, Houston, Texas, USA
  • Sriharsha Sista Engagement Manager, AWS, Amazon, Houston, Texas, USA
  • Vinay Saxena Professor, Department of Mathematics, Kisan Post Graduate College, Bahraich - 271801 Uttar Pradesh, India
  • Parul Saxena Associate Professor, Department of Computer Science, Soban Singh Jeena University, Almora- 263601, Uttarakhand, India

Keywords:

Blockchain, Artificial Intelligence, Machine Learning, Financial Services, DeFi, Smart Contracts

Abstract

The rapid evolution of blockchain technology, alongside the growing sophistication of artificial intelligence (AI) and machine learning (ML), is reshaping the global financial services landscape. While blockchain ensures data immutability, transparency, and decentralized trust, AI/ML adds layers of predictive intelligence, automation, and real-time decision-making capabilities. Together, these technologies are driving innovations in fraud detection, smart contracts, decentralized finance (DeFi), Know Your Customer (KYC) compliance, and credit risk modeling. This paper explores how the synergy between blockchain and AI/ML is creating a new paradigm of secure, intelligent, and decentralized financial services. It also examines current applications, technological challenges, regulatory considerations, and future opportunities. Through a multi-disciplinary approach, the paper underscores the transformative potential of integrating blockchain and AI/ML to enable more resilient, inclusive, and efficient financial systems.

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Published

26-06-2025

How to Cite

Praveen, R. V. S., Vemuri, H. K., Peri, S. S. S. R. G., Sista, S., Saxena, V., & Saxena, P. (2025). Rise of blockchain and its synergy with AI/ML in transforming financial services. The International Tax Journal, 52(3), 1105–1122. Retrieved from https://internationaltaxjournal.online/index.php/itj/article/view/132

Issue

Vol. 52 No. 3 (2025)

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Online Access

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