The Wall Street Blockchain Alliance (WSBA) is updating its focus. While keeping its blockchain policy mission, WSBA is now adding artificial intelligence (AI) and quantum computing to its portfolio.
According to a statement distributed by Ron Quaranta, Chairman and CEO of WSBA, AI and quantum are advancing alongside digital assets and financial infrastructure, and a working group is being formed to help guide policymakers and industry insiders.
WSBA stated that the working group will review n AI and how it is impacting trading, compliance, and financial market infrastructure.
At the same time, they will be addressing Quantum and its impact on blockchain and more.
Quaranta says the intersection of blockchain, AI, and Quantum is one of the most important conversations happening in financial markets today.
“Through this working group, WSBA aims to bring together experienced practitioners and subject matter experts to help advance thoughtful dialogue around these rapidly evolving technologies.”
The Quantum and AI working group will be co-chaired by Chrissy Hill, Founder of Dreadnought Solutions, and Adele Hogan, Partner at Cohen & Gresser.
Hill said the convergence requires a new kind of regulatory framework and mindset.
Hogan added that this transformation is “poised to fundamentally transform financial and other markets, from trading strategies and risk management to the very foundations of cryptographic security.”
The pace of transformation has accelerated under the Trump Administration, which has embraced Fintech innovation. AI and Quantum are key variables in the entire financial ecosystem, which represent both opportunities and profound risks.