Trustless Marketplaces Powered by AI and Blockchain Integration
DOI:
https://doi.org/10.63345/sjaibt.v1.i1.102Keywords:
Trustless Marketplaces; Blockchain; Artificial Intelligence; Decentralization; Smart Contracts; Web3 Commerce; DAO; Trust Automation; Digital EconomyAbstract
Trustless marketplaces are emerging as a revolutionary paradigm in digital commerce, eliminating the need for intermediaries by leveraging blockchain’s decentralized consensus and artificial intelligence’s autonomous decision-making capabilities. Traditional marketplaces—whether online retail platforms, service exchanges, or financial intermediaries—rely heavily on central authorities for transaction validation, dispute resolution, and trust enforcement. However, this reliance introduces challenges including high transaction fees, fraud risk, censorship, lack of transparency, and systemic single points of failure. Integrating blockchain and AI offers a robust solution: blockchain ensures immutable, auditable, and tamper-proof transaction records, while AI enhances scalability, efficiency, personalization, fraud detection, and predictive analytics. Together, they enable trustless marketplaces where buyers and sellers interact securely, transparently, and autonomously without centralized control.
This manuscript explores the foundations, evolution, and technological frameworks underpinning trustless marketplaces. The literature review situates blockchain-enabled trust models, decentralized autonomous organizations (DAOs), and AI-driven autonomous negotiation systems within the broader field of digital commerce. The methodology includes both conceptual modeling and a statistical analysis of 200 blockchain marketplace case studies, identifying transaction efficiency, cost reduction, fraud minimization, and compliance alignment as primary performance indicators. Results reveal that trustless AI-blockchain marketplaces reduce average transaction fees by 65%, fraud attempts by 52%, and settlement times by over 80% when compared to traditional centralized platforms.
The paper concludes by positioning trustless marketplaces as a cornerstone for Web3 economies, cross-border trade, gig work ecosystems, digital asset exchange, and DeFi-driven commerce. While significant benefits exist, adoption challenges include regulatory uncertainty, interoperability gaps, computational overhead, and ethical AI governance concerns. The study proposes future research into hybrid consensus models, explainable AI integration, and compliance-aware trustless protocols to ensure scalable, human-centric adoption.
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