Michael Saylor believes Bitcoin can enhance cybersecurity by introducing cause and consequence into cyberspace
During a recent interview with Kitco News, Michael Saylor, executive chairman of MicroStrategy, stated that Bitcoin may be the solution to combat cybersecurity threats driven by artificial intelligence, such as deepfakes.
Saylor used social media accounts created by robots as an example, stating that billions of fake accounts are behind a digital “civil war” in today’s society, stirring up hatred among real users of digital platforms. He discussed how artificial intelligence and other next-generation technologies will make deepfakes cheaper and harder to detect.
According to Saylor, the solution for deepfakes and other digital trust issues lies in decentralized identities (DIDs). A decentralized identity is a self-owned, independent identity that enables trusted data exchange. In other words, it is a way to verify and control an online identity and personal information.
Saylor’s MicroStrategy is one of the companies working on encrypted signatures for social users and corporate solutions, and he believes that by combining the power of cryptography with the power of a decentralized crypto network like Bitcoin, we can bring cost and consequence into cyberspace.
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Other companies, like OpenAI and Polygon, are also developing decentralized identification tools. OpenAI’s CEO, Sam Altman, is working on technology for proof of personhood with his crypto project Worldcoin, which closed a $115 million fund round last week. Similarly, Polygon launched a decentralized identity solution in March, powered by zero-knowledge proofs (ZK proofs).
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