US CFTC Commissioner: “Blockchain could play a key role in verifying AI-generated content”

Source
JH Kim

Summary

  • The US Commodity Futures Trading Commission (CFTC) said it has pointed to new potential applications for blockchain technology.
  • A CFTC commissioner said blockchain could play an important role in verifying authenticity as AI-generated content proliferates.
  • He said the United States should actively leverage these technologies to maintain leadership in cryptocurrencies and digital assets.

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The US Commodity Futures Trading Commission (CFTC) has pointed to new potential applications for blockchain technology.

According to Cointelegraph, a media outlet specializing in virtual assets (cryptocurrencies), CFTC Commissioner Michael Selig said on the 26th (local time) that “as AI-generated content proliferates, blockchain can play an important role in verifying authenticity.”

He explained that “by time-stamping content and recording identifiers on the blockchain, it becomes possible to distinguish genuine content from AI-generated outputs.”

He added that “the United States should actively leverage these technologies to maintain leadership in the cryptocurrency and digital asset space.”

The remarks suggest that blockchain technology is drawing attention as a means of addressing information-trust issues arising from the spread of AI.

Photo=Shutterstock
Photo=Shutterstock
JH Kim

JH Kim

reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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