Integration of Blockchain Technologies with AI for Enhanced Payment Security

Abstract

In order to enhance payment security, it is important to monitor and analyse each transaction made by the sender and
the details of the payment receiver. It is too critical for a person to monitor each transaction continuously. For that
reason, the organisation needs to adopt advanced technologies such as blockchain technology, artificial intelligence,
and automation technologies to monitor and detect fraudulent transactions. These days people and multiple
organisations are suffering through this financial fraud. This research aims to evaluate the role of blockchain and AI in
enhancing payment security and to evaluate the effectiveness of integrating blockchain technology with AI. In order to
develop the research a mixed method was chosen and data were collected from secondary sources. This study finds out
the importance of blockchain technology and artificial intelligence to make transparent and secure transactions in the
financial sector. It is important to adopt the technology after developing knowledge of the advantages and challenges of
the advanced technology. This research will play an essential role in monitoring and preventing fraudulent activities
during transactions and enhancing payment security.