TL; DR
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Right now all the rage is about artificial intelligence (i.e. AI; i.e. ‘Apple Intelligence’…according to Apple).
And when a technology as powerful as AI comes along, people will have two options: use it for good; or use it for evil.
So far we’ve seen a little bit of both in the crypto space.
For example, AI has been used to discover bugs in smart contracts that could have been exploited for millions of dollars if discovered by the wrong people.
(That’s a good use case).
But AI is also responsible for things like deepfake videos from people like former Singapore Prime Minister Lee Hsien Loong, who advocated for viewers to sign up for an investment product that claimed to have a guaranteed return.
(That’s a use case for evil).
The funny thing is that blockchain technology is almost perfectly positioned to combat deepfakes.
At its core, blockchain technology is simply an immutable ledger – whether it’s tokens (which wallet bought what and what happened to it?) or media (who made that video and when).
As AI continues to develop and evolve, rather than making blockchain technology obsolete (as may be the case with some other technologies), blockchain technology may in fact become an essential part of digital asset authentication.
(Think of the technologies as Batman and Robin, not Batman and the Joker).