Artificial Intelligence and Blockchain in Online Trading - A Game-Changing Duo
Trading has evolved considerably over the last 50 years, with most functions today being executed by programs and machines. Artificial Intelligence finds a wide array of application scenarios in trading – from data processing to signals and portfolio adjustments, it is believed that it could soon completely take over most tasks that are still performed by humans, including decision making. Another novel technology that has a particularly wide scope of use cases in fintech and trading is blockchain. Many claim that blockchain can eliminate some of the most pressing issues in the financial sector such as high transactional fees, lack of transparency and security in traditional methods, informational asymmetries and intermediaries. In this article, we will take a closer look at the use cases of AI and blockchain for trading, analyze their potential synergy effects and introduce a new blockchain initiative that has made its mission to not only take a major step towards a future of trading that is greatly underpinned by technological innovation but to also bring this technology in the hands of the average investor.
May-26-2021, 03:50:29 GMT