In June 2023, the world’s leading entrepreneurs gathered in Monaco for EY World Entrepreneur Of The Year™, the ultimate global competition for entrepreneurs. Thought leaders from EY Tech University and the EY Luminary Network led interactive “Future of” sessions to discuss critical business challenges and today’s hot-button issues that will greatly impact our collective future.
Shuo Chen, General Partner at IOVC, Faculty at UC Berkeley, spoke on the Future of Money and how we can leverage technology to make smarter transactions. Below are key takeaways from Shuo’s presentation to define the future of money.
How is knowledge of AI and blockchain the new intellectual currency?
“Despite all the new AI vocabulary you might hear, understanding AI adoption comes down to this question: what human capacity is it replicating?” says Shuo. “Blockchain mimics the systems for keeping records of transitions that we are accustomed to. The one differentiating characteristic that blockchain has is the fact that it's distributed.” Shuo breaks down the fundamentals of AI and blockchain technology so we can better understand its impact on the future of money.