Tech
Blockchain is the “missing link” of trust in the age of artificial intelligence
A new relationship, published from the BSV Association in collaboration with Boston Consulting Group, explored the role of blockchain technology in safeguarding data and streamlining transactions and concluded that blockchain could be the “missing link” that brings trust to data exchange in the new digital age.
“Businesses have been digitizing for about 30 years, but artificial intelligence (AI) takes the transformation to the next level,” the report states.
“How can you make sure your digital technologies work together as they should? How do you know that the results provided are based on reliable data and that your data and devices are not subject to tampering? The answer for a growing number of businesses: blockchain.”
THE relationshiptitled “Navigating Digital Transformation: Building Trust in an Automated World,” was produced by the BSV Association, a global non-profit industry organization based in Switzerland that advocates for the use of BSV Blockchain.
The BSV Association oversees the creation of technical standards and educates businesses, government agencies, startups, developers and users about creating a global blockchain ecosystem.
In its report, the BSV Association noted that by 2030, approximately 125 billion digital devices are expected to be connected worldwide, sending and receiving data over the Internet and other wireless avenues. This extraordinary number of transactions and data exchanges must be secure and efficient if the system is to continue to function and ensure user safety: trust is the best word.
“Trust in data has always been important, but never more so than in the new digital age,” the report reads. “Blockchain technology opens a window into trust. Using it, companies can clearly see where the data came from, where it has traveled and how it has changed along the way.”
A trust gap in the bold new world
“Trust is essential in business,” the report notes. However, in a world of constant change and growth, it can be difficult to maintain; this is only exacerbated in the age of artificial intelligence (TO THE).
Businesses have invested a lot Generative AI in recent years to increase productivity, alleviate the ongoing shortage of tech talent and save costs. The report highlighted three areas where AI has had a particular impact:
- Digital identities and data sources – human and mechanical – have exploded in number and type as online interactions proliferate and accelerate.
- Artificial intelligence increasingly plays an important role in automating transactions by performing processes that humans previously completed. Each transaction produces more data.
- Companies are turning to AI to increase efficiency and digitize certain physical processes, for example using generative AI for customer service.
Whether it’s the relative newness of the technology or the general alarm about AI, seeing its footprints in these areas of digitized identity, transactions and processes creates trust issues for businesses and consumers around data misuse, breaches of safety and disinformation.
These are not entirely misguided concerns, an important example is a stock market decline last year caused by AI-generated images of an “explosion” at the US Pentagon.
“Ensuring that devices, solutions and systems are trusted – that they are secure, that their transactions are transparent and verifiable, and that they can handle workloads – is critical to doing business today,” the report notes. “Today’s digital technologies complicate the problem of trust.”
The main questions people might ask are: what happens when Internet of Things (IoT) devices interact and their exchanges do not involve humans at all? And how can we trust an image or voice when the use of artificial intelligence has blurred the distinction between “real” and “fake”?
For example, until now, business leaders have tended to rely on physical interactions and tangible evidence to verify identity: signing a contract in person, seeing an official stamp, seal, or photo ID , accept a cash payment and more. In the era of artificial intelligence all this is no longer enough.
But all is not lost. The report finds that other technology can address the challenges posed by artificial intelligence and close the trust gap.
Blockchain: “Technology at the Heart of Digital Trust”
One of the key findings of the report concerns how blockchain can be used by businesses see clearly where the data originates, where it has traveled, and how it has changed along the way.
As the report states: “Blockchain’s transparent, secure, and immutable digital ledger establishes reliability and trust that a company’s devices and data are functioning as they should.”
Specifically, the report outlined four key areas where blockchain can help elevate the trust issues that AI technology raises for businesses:
- Ensuring that the digital identities they interact with are authentic and verifiable: Blockchain acts as an immutable and transparent source of truth for trusted identity verification, as its transaction record, or “ledger,” is unalterable.
- Confirmation of intellectual property (IP), Copyrightand ownership of digital assets, information and data: The blockchain ledger acts as a digital trail so you know where and when every bit and byte came from.
- Ensuring information remains unchanged and traceable from source: Blockchain’s transparent window into every interaction means you can verify the integrity of your data and use it with confidence.
- Reduce the number of checks needed to prevent data transfer errors: Blockchain enables reliable data sharing in an untrusted environment. For example, it can help attribute content to its source, thus ensuring trust in automated systems that use the data.
“Clearly, we need a trusted arbiter in this new and uncertain business world. We need robust processes for verifying data. We need secure, tamper-proof systems. We need the ability to protect, manage, use and store enormous and ever-increasing amounts of information. Fortunately, we don’t have to invent technology that meets these needs – it already exists,” the report states.
Blockchain’s role as a trust enhancer is not new. Businesses they have been using blockchain to ensure transparency and reliability since the technology’s inception. However, automation and the use of artificial intelligence have taken the need for trust to a new level, while simultaneously increasing the requirements to obtain it.
Blockchain, the report concludes, provides the greater security that technologies such as artificial intelligence and IoT need to lay the foundations of this very important trust.
“Blockchain is the technology associated with trust, security and integrity,” the report notes. “Its secure and transparent method of recording transactions ensures that its users can use artificial intelligence and other emerging technologies with confidence and enjoy the benefits they offer.”
For artificial intelligence (AI) to function within the law and thrive in the face of growing challenges, it must integrate an enterprise blockchain system that ensures the quality and ownership of data input, allowing it to keep it secure while ensuring immutability. of data. Check out CoinGeek’s coverage about this emerging technology to learn more because enterprise blockchain will be the backbone of artificial intelligence.
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