Home / News / Crypto / News / Congressman Sees Blockchain as Tool to Control AI
3 min read

Congressman Sees Blockchain as Tool to Control AI

Published September 12, 2023 5:43 PM
Omar Elorfaly
Published September 12, 2023 5:43 PM

Key Takeaways

  • Congressman Tom Emmer believes blockchains are the best tool against AI-generated content.
  • New technologies should be used in conjunction with each other.
  • Emmer also believes legislators spend too much time focused on FTX.

Congressman Tom Emmer has been very hands-on with the crypto sector. Recently, he co-signed the Financial Innovation and Technology for the 21st Century Act and the SEC Stabilization Act.

The bill is meant to reformat the US Securities and Exchange Commission, a process that would include the removal of Gary Gensler from the commission’s leadership.

Emmer was seen speaking at the Permissionless II conference on September 11th, addressing major issues regarding the current state of the crypto industry.

Blockchains Vs. AI

Emmer briefly addressed the recent triumph of crypto institutions, such as Grayscale and Ripple, against the SEC. He mentioned that appeals on both cases are still on the table. However, Emmer also mentioned that an upcoming U.S. Supreme Court ruling “is going to perhaps […] put a stake into the heart of the administrative state.”

Emmer then moved on to talk about blockchains and artificial intelligence. The congressman mentioned that the House is now different from how it used to be in the past.

“You have more members of Congress who have educated themselves than ever before, but we’re not quite there yet,” Emmer told the audience at the Permissionless II conference.

He also added that the industry needs to focus on “raising awareness, but then having a solution.”

But, Emmer also mentioned that Congress is spending too much time focusing on FTX,  saying “They’re still focused on FTX. Even though it’s […] a fraud as old as finance, they’ve still been able to distract everybody because of the FTX thing, and we haven’t gotten back to the innovation and all the success that is in this space, what it means for individuals.”

In regards to AI, Emmer said “The way I would suggest this crowd start doing it is through AI,” and that Congress is raising red flags about determining “what’s real and what’s false.”

But, in the case of crypto “Guess what? The technology in digital assets is the authenticator.”

Emmer did not immediately respond to a request for comment.

How Can Blockchains Protect Us From AI?

Since the introduction of blockchains alongside Bitcoin back in 2009, their main selling point has been the factor of decentralization. A blockchain cannot be deleted or changed without the knowledge and approval of all members of the chain.

As a result, Artificial Intelligence transformers, the technology that allows AI modules to gather data, may struggle to access data that is securely saved on blockchains.

Blockchains can also be used for the exact opposite. To improve the accuracy and effectiveness of AI modules, blockchains can be used to feed transformers specific, hand-picked data sets that would lead to the desired outcome from artificial intelligence.

On top of that, AI and blockchains can be merged to create a platform on which artificial intelligence can be employed to optimize consensus methods, handle transactions, and identify fraud.

Artificial intelligence could be utilized to create novel blockchain applications, such as decentralized autonomous groups (DAOs).

Was this Article helpful? Yes No