Integrating a Blockchain-Based Governance Framework for Responsible AI

Rameez Asif (), Syed Raheel Hassan and Gerard Parr
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Rameez Asif: School of Computing Sciences, University of East Anglia, Norwich Research Park, Norwich NR4 7TJ, UK
Syed Raheel Hassan: School of Computing Sciences, University of East Anglia, Norwich Research Park, Norwich NR4 7TJ, UK
Gerard Parr: School of Computing Sciences, University of East Anglia, Norwich Research Park, Norwich NR4 7TJ, UK

Future Internet, 2023, vol. 15, issue 3, 1-21

Abstract: This research paper reviews the potential of smart contracts for responsible AI with a focus on frameworks, hardware, energy efficiency, and cyberattacks. Smart contracts are digital agreements that are executed by a blockchain, and they have the potential to revolutionize the way we conduct business by increasing transparency and trust. When it comes to responsible AI systems, smart contracts can play a crucial role in ensuring that the terms and conditions of the contract are fair and transparent as well as that any automated decision-making is explainable and auditable. Furthermore, the energy consumption of blockchain networks has been a matter of concern; this article explores the energy efficiency element of smart contracts. Energy efficiency in smart contracts may be enhanced by the use of techniques such as off-chain processing and sharding. The study emphasises the need for careful auditing and testing of smart contract code in order to protect against cyberattacks along with the use of secure libraries and frameworks to lessen the likelihood of smart contract vulnerabilities.

Keywords: blockchain; smart contracts; security; privacy; artificial intelligence; cybersecurity; algorithms (search for similar items in EconPapers)
JEL-codes: O3 (search for similar items in EconPapers)
Date: 2023
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