The Necessity of Artificial Intelligence and its Impact on Electronic Transactions

Abstract

The technological revolution, fueled by the sweeping changes of the information age, has profoundly impacted all spheres of life. This transformation has revolutionized the realms of inventions and communications, setting the stage for the rise of Artificial Intelligence (AI). AI has evolved into a formidable force that rivals human intellect, increasingly becoming a focal point of research aimed at integrating it across all aspects of daily life. Its capacity to address individual needs and provide tailored solutions has made it an indispensable tool in today’s digital world. This rapid scientific progression and the burgeoning interest in AI have established it as a critical necessity, offering significant benefits in various fields. These advancements have transformed traditional, human-controlled mechanisms into intelligent systems that emulate human reasoning and decision-making processes. This shift is particularly evident in the realm of electronic transactions, where AI has played a pivotal role in advancing these technologies and has been instrumental in the development of smart electronic contracts.