Type | Digital agreement |
Benefits | Computational adaptability • Fraud reduction • Error minimization • Efficiency increase |
Limitations | Risk of black box problem • Potential AI bias • Ethical considerations • Cybersecurity concerns |
Technology used | Non-blockchain advanced AI |
Possible domains | Transportation • Finance • Criminal justice |
Enforcement method | Artificial intelligence |
Examples of applications | Automated loan approvals • Intelligent traffic management • Sentencing algorithms in criminal justice |