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Director and Head of Blockchain and Digital Assets and Technology Disputes, Matt Green, comments on the role of artificial intelligence and machine learning in securely managing and trading digital assets and cryptocurrency.

Matt’s comments were published in eprivateclient, 23 August 2024, and can be found here.

“AI must be used carefully if algorithms are used to execute trades without a human safety net. For instance, blockchain transactions are typically irreversible so individuals should not simply let AI run algorithmic trading without occasional guidance and review.

“The aim here is efficiency and the removal of unnecessary obstacles. The marriage of blockchain and AI can be the perfect partnership; AI can near auto decision make and blockchain technology allows for transactions to be made immutably at high speeds and in huge volume. The results can be mass trading without grey matter slowing down the process.

“Machine learning is helpful to transacting securely and can auto-prompt irregular withdrawals or movements of assets which may relate to fraud. By relying on open source data and marking illicit cryptographic addresses, machine learning can actively understand and adapt where required to mitigate risks and criminality.”