Web3: The Trust Layer Solution to Address Challenges Presented by AI

AUSTIN, Texas - At CoinDesk's Consensus 2023 conference, Cathy Hackl, Chief Metaverse Officer at innovation and design consultancy firm Journey, stated that the Web3 ecosystem has the potential to address the trust issues surrounding artificial intelligence (AI).

“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.

According to Hackl's perspective, the post-smartphone era will witness the supremacy of augmented reality (AR) glasses or other wearable gadgets over traditional mobile phones. "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."

When discussing ways to promote the adoption of Web3 on a wider scale, Hackl emphasized the importance of reducing limitations within the industry.

"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."

Source Coindesk