AI-Driven Blockchain Analytics: Leveraging Deep Learning for Fraud Detection in Decentralized Networks

Authors

  • John Smith Ph.D., Senior Researcher, Department of Computer Science, University of Technology, New York, USA Author

Keywords:

AI, blockchain

Abstract

The emergence of blockchain technology has revolutionized various industries by enabling decentralized transactions with enhanced security and transparency. However, the increasing complexity of blockchain data also opens avenues for fraudulent activities, posing significant challenges to the integrity of decentralized networks. This research explores the application of artificial intelligence (AI), particularly deep learning techniques, in analyzing blockchain data for the effective detection of fraudulent activities. By leveraging advanced algorithms such as convolutional neural networks (CNNs) and recurrent neural networks (RNNs), this study aims to improve the accuracy of fraud detection systems while minimizing false positives. Additionally, the paper discusses the architecture of deep learning models tailored for blockchain analytics, the challenges associated with data privacy and model training, and potential solutions to enhance the robustness of these systems. Through a comprehensive review of existing literature and real-world case studies, this research highlights the transformative potential of AI-driven blockchain analytics in safeguarding decentralized networks against fraud.

Downloads

Download data is not yet available.

References

Gayam, Swaroop Reddy. "Artificial Intelligence in E-Commerce: Advanced Techniques for Personalized Recommendations, Customer Segmentation, and Dynamic Pricing." Journal of Bioinformatics and Artificial Intelligence 1.1 (2021): 105-150.

Chitta, Subrahmanyasarma, et al. "Decentralized Finance (DeFi): A Comprehensive Study of Protocols and Applications." Distributed Learning and Broad Applications in Scientific Research 5 (2019): 124-145.

Nimmagadda, Venkata Siva Prakash. "Artificial Intelligence for Predictive Maintenance of Banking IT Infrastructure: Advanced Techniques, Applications, and Real-World Case Studies." Journal of Deep Learning in Genomic Data Analysis 2.1 (2022): 86-122.

Putha, Sudharshan. "AI-Driven Predictive Analytics for Maintenance and Reliability Engineering in Manufacturing." Journal of AI in Healthcare and Medicine 2.1 (2022): 383-417.

Sahu, Mohit Kumar. "Machine Learning for Personalized Marketing and Customer Engagement in Retail: Techniques, Models, and Real-World Applications." Journal of Artificial Intelligence Research and Applications 2.1 (2022): 219-254.

Kasaraneni, Bhavani Prasad. "AI-Driven Policy Administration in Life Insurance: Enhancing Efficiency, Accuracy, and Customer Experience." Journal of Artificial Intelligence Research and Applications 1.1 (2021): 407-458.

Vangoor, Vinay Kumar Reddy, et al. "Energy-Efficient Consensus Mechanisms for Sustainable Blockchain Networks." Journal of Science & Technology 1.1 (2020): 488-510.

Kondapaka, Krishna Kanth. "AI-Driven Demand Sensing and Response Strategies in Retail Supply Chains: Advanced Models, Techniques, and Real-World Applications." Journal of Artificial Intelligence Research and Applications 1.1 (2021): 459-487.

Kasaraneni, Ramana Kumar. "AI-Enhanced Process Optimization in Manufacturing: Leveraging Data Analytics for Continuous Improvement." Journal of Artificial Intelligence Research and Applications 1.1 (2021): 488-530.

Pattyam, Sandeep Pushyamitra. "AI-Enhanced Natural Language Processing: Techniques for Automated Text Analysis, Sentiment Detection, and Conversational Agents." Journal of Artificial Intelligence Research and Applications 1.1 (2021): 371-406.

Kuna, Siva Sarana. "The Role of Natural Language Processing in Enhancing Insurance Document Processing." Journal of Bioinformatics and Artificial Intelligence 3.1 (2023): 289-335.

George, Jabin Geevarghese. "Advancing Enterprise Architecture for Post-Merger Financial Systems Integration in Capital Markets laying the Foundation for Machine Learning Application." Australian Journal of Machine Learning Research & Applications 3.2 (2023): 429-475.

Katari, Pranadeep, et al. "Cross-Chain Asset Transfer: Implementing Atomic Swaps for Blockchain Interoperability." Distributed Learning and Broad Applications in Scientific Research 5 (2019): 102-123.

Sengottaiyan, Krishnamoorthy, and Manojdeep Singh Jasrotia. "SLP (Systematic Layout Planning) for Enhanced Plant Layout Efficiency." International Journal of Science and Research (IJSR) 13.6 (2024): 820-827.

Venkata, Ashok Kumar Pamidi, et al. "Implementing Privacy-Preserving Blockchain Transactions using Zero-Knowledge Proofs." Blockchain Technology and Distributed Systems 3.1 (2023): 21-42.

Namperumal, Gunaseelan, Akila Selvaraj, and Deepak Venkatachalam. "Machine Learning Models Trained on Synthetic Transaction Data: Enhancing Anti-Money Laundering (AML) Efforts in the Financial Services Industry." Journal of Artificial Intelligence Research 2.2 (2022): 183-218.

Soundarapandiyan, Rajalakshmi, Praveen Sivathapandi, and Debasish Paul. "AI-Driven Synthetic Data Generation for Financial Product Development: Accelerating Innovation in Banking and Fintech through Realistic Data Simulation." Journal of Artificial Intelligence Research and Applications 2.2 (2022): 261-303.

Pradeep Manivannan, Priya Ranjan Parida, and Chandan Jnana Murthy, “Strategic Implementation and Metrics of Personalization in E-Commerce Platforms: An In-Depth Analysis”, Journal of AI-Assisted Scientific Discovery, vol. 1, no. 2, pp. 59–96, Aug. 2021

Yellepeddi, Sai Manoj, et al. "Blockchain Interoperability: Bridging Different Distributed Ledger Technologies." Blockchain Technology and Distributed Systems 2.1 (2022): 108-129.

Downloads

Published

23-09-2024

How to Cite

[1]
J. Smith, “AI-Driven Blockchain Analytics: Leveraging Deep Learning for Fraud Detection in Decentralized Networks”, J. of Artificial Int. Research and App., vol. 4, no. 2, pp. 50–55, Sep. 2024, Accessed: Nov. 21, 2024. [Online]. Available: https://aimlstudies.co.uk/index.php/jaira/article/view/256

Similar Articles

1-10 of 121

You may also start an advanced similarity search for this article.