AFI and DLT: Ensuring Responsible Transparency in Data Management Amidst Evolving Technology and Regulatory Demands.
In Short
AI’s influence is growing, making DLT crucial for transparency and trust in data management. DataTrails is developing technologies for clear accountability and data provenance amidst challenges in access and privacy.
As artificial intelligence (AI) continues to influence various sectors, the role of distributed ledger technology (DLT) in ensuring transparency in AI data management is becoming increasingly important.
Jon Geater, Chief Product and Technology Officer at DataTrails, highlighted the significance of establishing trust in technology. As governments scramble to navigate these developments, issues of data provenance and transparency take centre stage.
DataTrails has been engaged in creating technologies that provide clear answers regarding data sources and accountability. A recent patent grant exemplifies advancements in DLT, allowing for immutable records while also addressing circumstances where data needs to be retracted.
Geater noted a shift in DLT’s evolution, moving away from speculative uses towards reliable business applications. This includes a focus on regulatory developments, as countries worldwide adapt to AI’s ascent.
Challenges also exist, particularly around data access and privacy concerns. Balancing transparency with legal obligations, such as compliant takedown requests, remains critical.
Geater discussed how DLT enables responsible data handling while retaining trustworthiness and integrity.
He emphasised that AI’s rapid progress requires a robust approach to data management, ensuring that individuals can verify information sources.
