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Economics of Cryptocurrencies: Artificial Intelligence, Blockchain, and Digital Currency

In: Information for Efficient Decision Making Big Data, Blockchain and Relevance

Author

Listed:
  • J. D. Agarwal
  • Manju Agarwal
  • Aman Agarwal
  • Yamini Agarwal

Abstract

Artificial intelligence (AI) is becoming more dynamic and efficient for routine tasks than humans by the day, the question is will it replace humans in every sector. It is not true. Technology and human complement and do not compete with each other. Initially, it might create disruption in an existing ecosystem, later it helps in creating opportunities. Business must now embrace a new culture, where innovation and continuous learning are core components of the organizational culture. It sets the stage for agility, adaptability and growth. There are of course risks. AI and machine learning (ML) tools and techniques can be misused, intentionally or inadvertently. Obvious risk is misuse of AI by those intent on threatening individual’s physical, digital, financial, and emotional security. We have used worldwide real-life case scenarios to understand the importance of AI, its threats, and the role it plays in contributing toward the growth and prosperity of the society.

Suggested Citation

  • J. D. Agarwal & Manju Agarwal & Aman Agarwal & Yamini Agarwal, 2020. "Economics of Cryptocurrencies: Artificial Intelligence, Blockchain, and Digital Currency," World Scientific Book Chapters, in: Kashi R Balachandran (ed.), Information for Efficient Decision Making Big Data, Blockchain and Relevance, chapter 13, pages 331-430, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789811220470_0013
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    More about this item

    Keywords

    Accounting; Decision Making; Economic Information; Stock Trading; Acquisitions; Mergers; Financing Reporting; Reliable Information; Company Decisions;
    All these keywords.

    JEL classification:

    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting
    • A1 - General Economics and Teaching - - General Economics

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