Distributed Ledger Technology (Blockchain) versus AI
Do with this what you will, but my view is that Distributed Ledger Technology (i.e. “Blockchain”) will do more to drive economic efficiency and opportunity than will all of the various permutations of AI. Unfortunately, the catalyst for wide Blockchain adoption will be Central Bank Digital Currencies (CBDCs).
That’s right, the Fed will be the catalyst for driving tokenization across the economy. It will be fascinating to see the Fed compete with commercial banks as it directly engages depositors. When will this happen? My guess is that the next Democrat administration will quietly push through a CBDC. If Harris were to take office, she’ll likely push out Powell and install Lael Brainard as the next Fed Chair.
The tokenization of assets at the cellular level will create opportunities for companies with real-time payment settlement, detailed transaction history (think home and auto titling) and smart contracts that will grease the skids for advanced automation / AI (smart contracts are a huge opportunity to drive efficiency by removing human error as well as obstacles created by legacy software systems and payment architectures).
If the goal is to increase Agentic AI reliability and accuracy in order to drive wide Agentic AI adoption, companies ought to port workflows and processes to the Blockchain, where every transaction element will be visible, known and accounted for by interested parties on a particular transaction.
See other TEK2day articles on CBDC: HERE, HERE, and HERE