Coindesk Logo

Web3 Can Be 'the Trust Layer' to Counter Issues Raised by AI

Web3 Can Be 'the Trust Layer' to Counter Issues Raised by AI

Web3 Can Be 'the Trust Layer' to Counter Issues Raised by AI

Journey’s Cathy Hackl shares how the Web 3 ecosystem can empower AI during CoinDesk’s Consensus 2023 conference.

Journey’s Cathy Hackl shares how the Web 3 ecosystem can empower AI during CoinDesk’s Consensus 2023 conference.

Journey’s Cathy Hackl shares how the Web 3 ecosystem can empower AI during CoinDesk’s Consensus 2023 conference.

AccessTimeIconApr 27, 2023, 5:33 PM
Updated Apr 28, 2023, 8:14 PM
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

The Web3 ecosystem can help enable artificial intelligence's (AI) trust issue, Cathy Hackl, chief metaverse officer at innovation and design consultancy firm Journey, said during CoinDesk’s Consensus 2023 conference here.

“We can all admit there's an issue with trust [in AI]. That is the massive opportunity for the Web3 community, being that trust layer,” Hackl said during a session on AI and metaverse trends on Thursday.

Hackl sees augmented reality (AR) glasses or similar wearables replacing the mobile phone in the post-smartphone future. "It’s going to be something I call the ‘Ray-Ban’ moment," she said, referring to the sunglasses.

"Let's say if we move from phones to glasses, then everything in my earshot becomes 'real estate,' and that's a pretty scary thought," she said. She added, "That's where I think that Web3 layer can help enable trust and know that I'm seeing something that is the right thing or the thing that belongs to someone specifically."

Speaking of strategies to push Web3 to the mainstream, Hackl said there need to be fewer restrictions in the space.

"You would buy, like, anything you would buy on e-commerce, like, the process is fiat," she said. "The actual act of minting is something that the person does when they acquire this and they get the physical one so they have to participate in it physically."

"Web 3 is a choice. You can either put it on the chain or you don't have to," she added.

Looking at the metaverse space, Hackl sees the status quo as a "metaverse cooldown where everyone's, like, skeptical" after going through a “metaverse hype” period last year. She said the industry is eyeing "long-term play."

"I know it's a little bit hard right now both on the web 3 side and the metaverse side, but keep building," she added. "The future, in my perspective, depends on all of us that are in the trenches."

Edited by Oliver Knight.

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

Jocelyn Yang is a markets reporter at CoinDesk. She is a recent graduate of Emerson College's journalism program.


Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.