Artificial intelligence-based blockchain-driven financial default prediction
This work addresses credit risk management for financial institutions, but it appears incremental as it combines existing technologies without introducing a new method.
The study tackled financial default prediction by combining blockchain for data credibility and machine learning for modeling, aiming to enhance credit risk mitigation and financial system stability for financial institutions.
With the rapid development of technology, blockchain and artificial intelligence technology are playing a huge role in all walks of life. In the financial sector, blockchain solves many security problems in data storage and management in traditional systems with its advantages of decentralization and security. And artificial intelligence has huge advantages in financial forecasting and risk management through its powerful algorithmic modeling capabilities. In financial default prediction using blockchain and artificial intelligence technology is a very powerful application. Blockchain technology guarantees the credibility of data and consistency on all nodes, and machine learning builds a high-level default prediction model through detailed analysis of big data. This study offers financial institutions new thoughts on financial technology in terms of credit risk mitigation and financial system stabilization.