Blockchain and AI in Reducing Inventory Fraud and Errors
Navdeep Singh, Daisy Adhikari · International Journal for Research in Applied Science and Engineering Technology · 2023
Abstract: This paper examines the integration of Blockchain and Artificial Intelligence (AI) in enhancing inventory management. It highlights how these technologies synergistically improve accuracy and efficiency, significantly reducing fraud and errors. The study explores Blockchain's secure ledger and AI's predictive analytics, emphasizing their practical applications in various industries. Challenges such as technical complexities and ethical considerations, including data privacy and regulatory compliance, are also addressed. The paper concludes by discussing the implications for businesses and researchers, underscoring the transformative impact of these technologies in inventory management and the necessity for ongoing innovation and ethical vigilance