Legal Experts Predict AI and Blockchain Revolutionizing Banking by 2050

In a future fraught with challenges, general counsels (GCs) foresee significant implications stemming from advancements in AI and deepfake technologies by 2050. A survey indicates a substantial portion of in-house lawyers anticipate a ‘banking revolution’ shaped by digital currencies and blockchain, promising a seamless financial system that facilitates international trade and cooperation. Biometric currency is highlighted as a potential feature in this evolving economic landscape. These developments pose both risks and opportunities, as legal professionals grapple with the ethical and security complexities associated with AI and deepfake applications. For more insights, visit the complete article. However, readers should be advised of the paywall restriction.