Blockchain and AI must work together for credibility, trust, say industry executives

Blockchain and AI must work together for credibility, trust, say industry executives

Blockchain and artificial intelligence (AI) must work together in order to increase the trust and credibility of the data used by the AI, industry experts said on Thursday. While speaking at the Blockchain in Banking Fest organised by Dubai AI & Web 3.0 Campus at DIFC Innovation Hub, Pierre Samaties, partner at Roland Berger, said the two technologies need to work together, firstly, because AI is eating up all of the data, and secondly, people are not 100 per cent sure of what is fake and what is real. While, on the other hand, blockchain is a truth machine that is ensuring that whatever is generated has a digital ID and can be traced back to a valid source. “We are now entering a new phase of the internet – Web 3.0. Web 2.0 was read and write while Web 3.0 would be read, write and own. If you log onto Twitter, you own your tweets in Web 3.0. Also, blockchain will incentivise you for sharing your data if AI wants to access it. Blockchain will make sure that it can be traced back and you get an incentive for that,” he said during a panel discussion on the “Confluence