How AI and Blockchain Impact the 2024 Presidential Race

In late September, at a Wall Street fundraiser, vice president and Democratic presidential candidate Kamala Harris appealed directly to the crypto and AI technology industries with a forward-looking technology statement

Harris said: “We will join together to invest in America’s competitiveness, to invest in America’s future. We will encourage innovative technologies like AI and digital assets while protecting our consumers and investors.

The approach seems to work.

On Tuesday, CNBC reported that Chris Larsenco-founder of Ripple XRP/USD donated $1 million in XRP tokens to the Harris-friendly super PAC Future Forward.

Benzinga spoke with Charles DrayCEO and Founder Resonance safetywhich uses AI to help secure smart contracts and crypto assets, and asked if he was encouraged by Harris’ statement.

Dray responded: “Whoever is president of the United States, they will eventually realize that they will have to support emerging technologies. The question is not if, the question is how. How will the government implement effective measures that both support technological progress, but limit the malicious use of new technologies.

When asked what the lack of support from the US executive branch could mean for the future of AI and crypto in the US, Dray sounded a note of caution.

“Lack of support would result in the loss of pieces of the puzzle that will be necessary for technological evolution and leave the country scrambling to catch up with standards that will eventually become widespread. We have seen this happen with previous technologies like blanket Internet for example. Some regions that have not prioritized the implementation of infrastructure for new technologies in the past are still struggling to catch up.

Also read: Crypto lobbyists are quietly influencing the 2024 elections: it’s their playbook

AI has already played a controversial role in the 2024 US elections. The Associated Press reported that although both Democrats and Republicans used amusing and clearly fake AI images in their campaigns, the Trump campaign took a turn darker by using AI imagery to support erroneous claims that Haitian immigrants in Springfield, Ohio, eat pets.

Highlands SPARK/USDa GameFi Play-to-Earn (P2E) project that offers “an immersive gaming platform” according to its website, understands the potential and dangers of AI, but sees blockchain as a potential solution.

Danny BrownUpland’s chief of staff, said: “With the proliferation of AI content on social platforms, it is becoming increasingly complex to verify the source and authenticity of information. Ensuring copyright protection and appropriate use of online visual content, particularly regarding images. and photos, depends on the ability to verify the origin. Due to the decentralized, immutable, and permissionless attributions of blockchains, it is the technology best suited to serve as a “source of truth” for the source and authenticity of images.

Resonance’s Dray believes policies are needed to regulate the irresponsible use of AI technology.

“Attack on one figure or group usually reveals the weakness of other influential figures and groups using similar technologies. This creates a very risky situation for a large population and is probably a good reason to implement policies “For cybersecurity, policy will not be enough. Standardization of defensive and offensive security protections, approved by security experts, must go hand in hand with policy,” Dray said.

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Image: Brian Penny from Pixabay.