Blockchain can be the “bouncer” that generative AI needs, guarding IP, mitigating cyber and regulatory risks, and opening new revenue streams, according to KPMG’s latest report.
Highlights
🔹 Blockchain — a decentralized, distributed technology that’s primarily been used to develop and manage cryptocurrencies, hashtag#smartcontracts, and nonfungible tokens (NFTs) — is being seen increasingly as the AI “bouncer” the business world needs now.
🔹 By harnessing blockchain’s immutable and transparent nature, companies can seamlessly integrate valuable IP guardrails into generative AI chatbot training, not only shielding it from misuse but also opening new revenue channels, as outlined in another new KPMG report, “Blockchain and generative AI: A perfect pairing?”
🔹Generative AI has been great at generating buzz, and there’s clearly significant potential. But unlocking that potential while also navigating AI’s equally significant risks are now the pressing concerns for business leaders as AI strategy has graduated from the innovation lab to the C-suite.
🔹Make no mistake, though, executives seem to be universally optimistic that AI will drive innovation for their businesses, as we detail in a new report, “2023 KPMG Generative AI Survey,” which captures feedback from 300 executives across a wide range of industries. Among the survey’s key insights:
Here are some of the key benefits of leveraging blockchain to protect against AI misuse, detailed further in thenew report:
🔹 Here are some of the key benefits of leveraging blockchain to protect against AI misuse.
▶ Accurate identity and verification: Blockchain’s ability to hashtag#decentralize identity and verification could ensure the authenticity and ownership of IP used to train AI chatbots. Blockchain enables the creation of an immutable record of transactions, attributing the IP to its rightful owner and preventing unauthorized use.
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