⛔ Stop guessing ⛔ Use our free stock screener to find new opportunities fast Try Free Screener

Ripple CTO Voices His Big AI Prediction

Published 2023-12-21, 05:14 a/m
Ripple CTO Voices His Big AI Prediction
XRP/USD
-

U.Today - Ripple CTO David Schwartz recently his predictions for technological advancements in 2024. Notably, he focused on the synergistic potential of artificial intelligence (AI) and blockchain technology.

Revolutionizing cybersecurity through AI and blockchain

predicts a significant evolution in cybersecurity and financial services by 2024, driven by the integration of AI and blockchain technologies.

This convergence is anticipated to bolster blockchain security and provide enhanced market insights.

Automated trading is expected to see advancements due to the deeper integration of AI in financial systems.

Additionally, AI-enabled chatbots, particularly those on the XRP Ledger (XRPL), are projected to simplify development and promote global innovation and financial inclusivity.

Redefining the financial sector

Schwartz also foresees major changes in the financial sector through Real World Asset (RWA) tokenization, particularly in real estate and commodities.

This development is expected to drive the blockchain economy, with tokenized RWAs on XRPL enhancing collateralized loans, improving interoperability, and attracting institutional investment. Furthermore, the adoption of Decentralized Identity (DID) on the blockchain is set to revolutionize privacy.

(decentralized exchanges) are likely to witness increased institutional volume, boosting growth and liquidity in the decentralized finance sector.

Ripple's proposed XLS-40 amendment, introducing DID capabilities to XRP Ledger, marks a significant step in this direction.

This article was originally published on U.Today

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.