Guest Editors
Dr. Prabhu Kavin, Sri Ramachandra faculty of Engineering and Technology, India.
Dr. Imran Siraj, GGS IP University, India.
Dr. Gagan Singla, Chandigarh University, India.
Dr. Chuya Seimiya, Technological Institute of Philippines, Philippines.
Summary
Today,
blockchain technology, internet of things (IoT), and artificial intelligence
(AI) are recognized as innovations that have the potential to improve current
business processes, create new business models, and disrupt whole industries.
Blockchain, for example, can increase trust, transparency, security, and
privacy of business processes by providing a shared and decentralized
distributed ledger. A blockchain, or generally a distributed ledger, can store
all kinds of assets similar to a register. Primarily, these data can be related
to money and identities. IoT drives the automatization of industries and
user-friendliness of business processes that is essential for the German and
the European industry. Finally, AI improves processes by detecting patterns and
optimizing outcomes of these business processes
With
this issue we try to answer the questions that come to our minds more and more
often as the days are passing: Will our lives, education and the known world of
the Internet change with this convergence of the blockchain, the Internet of
things and artificial intelligence? Will we, people, be able to keep up with
these amazing changes? Are companies willing to invest in new technology? What are
the advantages and disadvantages for society, in general? Are the managers of
companies aware of these phenomena of the new information technologies and are
they open to these changes? Through the statistical data that we have accessed
by researching various information sources, we have come to some conclusion,
but the phenomenon is in full development and until now we do not known all its
mysteries
We
predicted that these technologies will converge and will allow for new business
models: Autonomous agents (i.e., sensors, cars, machines, trucks, cameras, and
other IoT devices) will in the future act as own profit centers that (1) have a
digital twin leveraging IoT, (2) send and receive money leveraging blockchain
technology on their own, and (3) autonomously make decisions as independent
economic agents leveraging AI and data analytics
Up
to this point, the interconnection between these three innovations is often
neglected, and blockchain, IoT, and AI are typically used separately. However,
these innovations can and should be applied jointly and will converge in the
future. One possible connection between these technologies could be that IoT
collects and provides data, blockchain provides the infrastructure and sets up
the rules of engagement, while AI optimizes processes and rules. By design,
these three innovations are complementary and can exploit their full potential
if combined. The convergence of these technologies can be particularly
promising for data management and the auto-matization of business processes
that we analyze and discuss in the following.
We
hope that with this issue we could this prove that convergence will drive the
development of such autonomous business models and, with it, the digital
transformation of Education and economics
Keywords
1. Blockchain-Based Identity
2. Improving Standardization, Privacy, Security, and Scalability of Data
3. The Joint Potential of Blockchain, IoT, and AI in Educations section
4. The impact of The Joint Potential of Blockchain, IoT, and AI on Economy
5. Security and blockchain convergence with Internet of Multimedia Things: Current trends, research challenges and future directions
6. Convergence of IoT and distributed ledger technologies (DLT): Opportunities, challenges, and solutions
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