Can Blockchain Ensure AI Accountability? Cardano CEO Believes So
Blockchain technology has been lauded for its potential to eliminate identity-based exclusion and eradicate financial gatekeepers. However, as blockchain evolved, traditional finance started to seep back in, bringing back the exclusivity that decentralization aimed to eliminate. At the Paris Blockchain Week, Frederik Gregaard from the Cardano Foundation connected the dots between the origins of decentralized technology, the disruptive nature of artificial intelligence (AI), and Cardano’s mission to revolutionize digital trust.
Gregaard expressed concern about the increasing reliance on AI, highlighting the risks posed by AI’s dependence on unverified data. Without transparency and traceability, decisions influenced by AI, whether political or economic, are built on unstable foundations. Gregaard suggests that blockchain could play a crucial role in ensuring data integrity by serving as a backbone for secure and verified information.
According to Gregaard, Cardano is already making strides in this direction by supporting decentralized land registries in Africa and enabling on-chain financial disclosures. The platform aims to establish itself as a public infrastructure for truth verification. Gregaard emphasized the importance of reliable identity systems, interoperable wallets, and open-source tools to empower individuals to maintain control in a future dominated by autonomous digital entities.
Cardano’s potential to rival the throughput of systems like Visa, handling over 90 million transactions per day through a network of independent node operators, was a notable claim by Gregaard. He debunked the myth that public blockchains are unable to scale, asserting that innovation and progress in this space are ongoing.
A thought-provoking scenario proposed by Gregaard envisions trillion-dollar companies operating with minimal human intervention, governed by AI and transparent ledgers. In this scenario, verifiable power can mitigate fears, making every shareholder an informed participant. The synergy between blockchain and AI could potentially transform corporate governance and shareholder relationships.
By integrating blockchain technology, Cardano is poised to address the integrity issues associated with AI’s unchecked reliance on unverified data. Gregaard’s insights shed light on the pivotal role blockchain can play in ensuring data authenticity and transparency in an increasingly AI-driven world. As the digital landscape continues to evolve, blockchain’s capacity as a guardian of truth and accountability becomes increasingly vital.
