Cryptocurrency is a rapidly growing digital system of asset exchange that has been gaining ever-increasing popularity. Now, this system seems to be branching out and taking on a whole new purpose: tackling the issue of trust in artificial intelligence (AI). At CoinDesk's Consensus 2023 conference in Austin, Texas, Cathy Hackl, chief metaverse officer of design and consultancy firm Journey, said that the Web3 ecosystem could be the answer in this regard.
Essentially, the Web3 ecosystem is intended to provide trust between humans and computers, particularly in the advent of AI-driven systems. Trust is an incredibly important concept in computational technology: As soon as one's virtual environment becomes AI-dependent, they must have faith and rely on the system to function correctly. Hackl noted that the Web3 network may be the best option to ensure that users can trust what they see in their augmented reality (AR). AR functions as a form of “real estate”, with whatever the user is viewing always being within earshot. This means that mistakes or inadvertent bias may be harder to control if left unchecked, which is where the Web3 layer comes into play.
Moving toward the main strategy of pushing Web3 to the mainstream, Hackl argued that restrictions in the space should be minimized. To buy something on an e-commerce site, users usually have to use the respective fiat currency. However, with Web3 coin minting, people would be able to buy a physical version of the coin using their preferred currency. This also serves to make the process more accessible for users, as the decision on whether or not to put the coin on a particular chain is ultimately left up to them.
When discussing the metaverse space, Hackl stated that the industry is preparing for a "long-term play" while they currently work through a "metaverse cooldown". During this process, many companies are likely to be skeptical of their current strategies, however, Hackl urges continued buildout of projects. She believes this is the only way to ensure the future of the virtual landscape, as it depends on the people "in the trenches" who are developing and working on projects.
Ethan Garcia
- 2023-04-27
Web3 Network - Relying on Computers Made Easy
Cryptocurrency is a rapidly growing digital system of asset exchange that has been gaining ever-increasing popularity. Now, this system seems to be branching out and taking on a whole new purpose: tackling the issue of trust in artificial intelligence (AI). At the Consensus 2023 conference, Cathy Hackl discussed the Web3 network and how it could provide trust in AI-driven systems.
