An automation revolution is underway, and blockchain technology could play a pivotal role in it, according to Scott Helfstein. “As we think about … this broader transition to automation and digitization, blockchain can really play an important role in protecting information and facilitating data management,” he said. Helfstein, head of thematic solutions at Global X ETF, sat down with CNBC Pro at the Digital Asset Council of Financial Professionals VISION conference in Austin, Texas this week for a wide-ranging conversation covering AI, how to get exposed to crypto, and the need for of a spot bitcoin ETF in the US One of the big challenges with AI is that there is often no way to easily identify where the information is coming from in some algorithms, but blockchain technology offers a transparent and auditable as a potential solution. Helfstein divided AI into several levels, from infrastructure providers like semiconductor companies and graphics chip makers to algorithm providers like OpenAI and its ChatGPT. Yet in all of this is blockchain technology and a way to secure the information that is fed to AI algorithms. Crypto is “interesting,” he said, but corporate investment is pouring into automation and blockchain will play a “critical” role in its development. Although, that use case could serve as a springboard for greater acceptance and adoption of crypto, he added. “As people interact with private blockchains, they will see some of the benefits of private blockchains and that will support some of these public blockchains, including cryptocurrencies like bitcoin and Ethereum that are used in Web 3.0 applications. “.
ABOUT US
Uncover the Untold. Breaking news, in-depth analysis, and thought-provoking stories from around the world. Stay informed with our independent news feed.
Contact us: contactus@unlistednews.com
FOLLOW US
© UnlistedNews