The Intersection of AI and Blockchain in Digital Identity Verification Systems

Abstract

This paper is dedicated to the Artificial Intelligence (AI) and Blockchain-based solution in digital identity verification. Blockchain offers secure and immutable storage of any data, and AI enhances accuracy and efficiency because of more advanced data analysis and detection of abnormalities. They are combinedly employed to eliminate central points of failure, improve authentication and protect privacy. However, concerns like regulatory challenges, interoperability of technology and ethics are prevailing. In the conclusion of the paper, it is stated that AI and Blockchain can change a lot but certain further developments and consideration of privacy and regulatory challenges need to be implemented until such technologies can become mainstream