Blockchain Interaction Will Change Indefinitely, OKX Executive Predicts
China banking expert forecasts "decentralised agent economy" but says AI potential remains under "glass cover"
Quick Look
- At a conference, OKX Global's Chief Commercial Officer Lennix Lai predicted that blockchain interaction will change indefinitely.
- China Society for Finance and Banking's Fan Wenzhong forecast a "decentralised agent economy" but said AI's potential remains under a "glass cover" due to financial rails not being well suited to AI agents, while Web3 can operate automatically without authoritative intermediaries.
AI-generated summary
Why It Matters
The article reports on comments made at a conference about the intersection of blockchain/Web3 technology and artificial intelligence in financial systems.
"How we interact with blockchain will probably change indefinitely," Lennix Lai, chief commercial officer at OKX Global, told the conference. Fan Wenzhong, an executive director of the China Society for Finance and Banking, forecast the arrival of a so-called "decentralised agent economy", but said AI's potential remained under a "glass cover". However, Fan said current financial rails were not well suited to such agents, meaning they cannot easily access banking systems or execute payments independently at scale. "Web3 provides deterministic rules, eliminating the need for authoritative intermediaries, and can operate automatically," he added.
Open Questions
- Where was the conference held?
- When did this conference take place?
- What specific AI applications are being hindered by current financial infrastructure?
