Blockchain, AI and the metaverse – tools for better decision-making?

Last week I was on a panel for the World Talent Economy Forum to talk about building consensus in the metaverse. While this virtual world has potential, it is nowhere near ready to replace tools like Zoom or in-person meetings. In fact, it falls short of today’s options in an important way: because it relies on avatars, there is a higher risk of stolen identities and fraud.

Generally speaking, when building consensus, people like to look each other in the eye and use body language and personality to get others to agree. That’s true on video calls and in person. Even then, the tallest (or best-connected) person in a meeting—not the most knowledgeable or skilled—wins the day.

But what if a combination of blockchain (for security) and artificial intelligence (for better decisions) could be added to the mix? Then the metaverse—or even Zoom calls—can be transformed into far more effective tools, more effective even than meeting in person.

Let me explain.

Blockchain and identity

One problem with any type of external collaboration is being sure that the person you are working with is who they say they are. Whether it involves industrial or political espionage, outright fraud or just an impressive prank, how can you be sure that the person you are communicating with remotely is genuine?

Originally used as a distributed ledger for cryptocurrency transactions (many of which were illegal), blockchain could be used to verify the person you are working with. It uses trusted third-party sources to validate identities collectively, and while it may be possible to fool it for a very short period of time, it’s unlikely that anyone could do so on an extended basis – potentially making communication and collaboration far safer and more secure.

Copyright © 2022 IDG Communications, Inc.

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