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Blockchain and Artificial Intelligence for Intelligent and Secure Financial Transactions: an Implementation Perspective with Python

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  • Vasil Spasov

    (University of National and World Economy, Sofia, Bulgaria)

Abstract

Traditional financial systems suffer from slow interbank transfers, high fees, and fraud risks, with their centralized architectures creating critical vulnerabilities. This study proposes an architecture for a decentralized, intelligent financial transaction system based on blockchain and artificial intelligence, demonstrating its practical implementation using Python. The goal is a system that significantly reduces transaction costs and enables automated fraud detection. Python is suitable for this purpose due to its rich ecosystem of libraries.

Suggested Citation

  • Vasil Spasov, 2025. "Blockchain and Artificial Intelligence for Intelligent and Secure Financial Transactions: an Implementation Perspective with Python," Innovative Information Technologies for Economy Digitalization (IITED), University of National and World Economy, Sofia, Bulgaria, issue 1, pages 37-41, October.
    • Handle: RePEc:nwe:iitfed:y:2024:i:1:p:37-41
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    File URL: https://www.unwe.bg/doi/iited/2025/IITED.2025.04.pdf
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