Integrating AI and blockchain technologies offers great potential for efficiency and security in the financial sector. However, the automation of tasks brings new challenges․
Efficiency Driven by AI and Blockchain
According to research by Ke Gao and Alireza Zamanpour, the use of AI technologies in the financial sector helps automate routine tasks, allowing workers to focus on more important activities. AI minimizes human errors and accelerates data processing. Blockchain provides a secure and immutable framework for data recording, reducing risks of manipulation and hacking․
Psychological Challenges and New Skills
Despite the benefits, AI and blockchain demand enhanced competencies from financial sector workers. The research indicates that AI introduces stress and uncertainty related to the need for continuous skill improvement. This results in a dynamic work environment where workers need to adapt to updates. According to Tidio, AI potentially takes over many jobs, such as cashiers and drivers. Organizations must consider workers' welfare by creating supportive environments and providing proper training․
Synergy of AI and Blockchain
The integration of AI and blockchain offers significant innovative opportunities for the financial industry. AI processes and analyzes large data sets, helping companies develop strategies, while blockchain ensures the security of the data analyzed by AI systems. The research also shows that AI application in financial engineering has favorable evaluations, with results exceeding a Cronbach's Alpha level of 4․
AI and blockchain are powerful tools for enhancing efficiency in various sectors, including finance and healthcare. However, their successful adoption requires attention to the psychological well-being of workers and ensuring their readiness for these developments․
