Romanian Journal of Information Science and Technology (ROMJIST)

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ROMJIST is a publication of Romanian Academy,
Section for Information Science and Technology

Editor – in – Chief:
Academician Dan Dascalu

Secretariate (office):
Adriana Neagu
Adress for correspondence: romjist@nano-link.net (after 1st of January, 2019)

Editing of the printed version: Mihaela Marian (Publishing House of the Romanian Academy, Bucharest)

Technical editor
of the on-line version:
Lucian Milea (University POLITEHNICA of Bucharest)

Sponsors:
• National Institute for R & D
in Microtechnologies
(IMT Bucharest), www.imt.ro
• Association for Generic
and Industrial Technologies (ASTEGI), www.astegi.ro

ROMJIST Volume 22, No. 3-4, 2019, pp. 284-299, Paper no. 634/2019
 

Răzvan MIHAI, Tom Einar NYBERG, Einar MICHAELSEN, Ioana RIZEA-POPP, Monica DASCĂLU, and Gheorghe M. ȘTEFAN
IT-Based Financial Confirmation & Diagnosis Mechanisms

ABSTRACT: The increasing complexity and dynamics of the financial domain impose appropriate tools to keep transactions efficient and secure. We propose to use a new technology, BlockChain (BC), and a revived technology, Artificial Intelligence (AI), to build IT-based tools for financial confirmation and diagnosis. We describe first the mechanisms for both, confirmation and diagnosis. Then, the type of computation involved is analysed. The two technologies involved in our proposal, BC and AI, are very computationally intensive. The time and energy involved cannot be minimized using off-the-shelf solutions. Therefore, finally, the architectural environment for an efficient implementation is proposed and evaluated. The paper represents the description of the approach we propose for solving critical problems affecting the current financial systems.

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