AI Agent · The Block
Crypto has ‘limited utility’ in solving AI’s trust and payment issues, IC3 researchers say
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Claims that crypto will be able to solve some of artificial intelligence's biggest challenges, such as detecting AI-generated content, creating unbiased algorithms, and fully autonomous agents, are often overstated, according to a study published by researchers from several leading universities.
Key facts
- The IC3 team is composed of researchers from top universities like Cornell, Carnegie Mellon, Princeton, Yale and ETH Zurich
- The next great expansion of the onchain economy won't be driven by humans alone," Consensys founder Joe Lubin said
- AI systems do not become more intelligent by possessing a wallet
- Instead, having access to a wallet enables automation: AI agents can programmatically trade, transact, and access on-chain infrastructure without human approval loops
Summary
In a research survey published Monday, the Initiative for CryptoCurrencies and Contracts (IC3) outlined different ways crypto can be applied to AI, including a section aimed at clarifying supposed misconceptions about how blockchain technology could potentially bolster trust in key areas. One of the misconceptions IC3 attempted to tackle is the idea that giving AI agents access to crypto wallets can make them autonomous by enabling "them to earn, spend, and survive on their own. " AI systems do not become more intelligent by possessing a wallet. Many companies are pitching a future in which AI agents help users manage their finances without human oversight.