ABSTRACT

Blockchain, Artificial Intelligence (AI), and the Internet of Things (IoT) are believed to be the driving force of the future digital transformation as the convergence of these three technologies will pave the way for new business models. In the future, many things can be autonomous that can make their profit centers. For example, people can do money transactions by leveraging blockchain technology; by leveraging AI and data analytics, autonomous decisions can be made and have a digital twin leveraging IoT. The convergence of blockchain, IoT, and AI makes easier of the digital transformation process. For instance, the number of entities involved in the business process will have a collaboration, communication, and transaction without any human intervention, which is highly efficient and agile. This transformation would provide a better experience, streamlined operations, value-added services, and consistent workflow with huge benefits. This chapter demystifies the affiliation of blockchain, AI, and IoT in a broad manner.