VeChain Chief: Blockchain Technology Offers 'Ideal Answer' to AI Agent Trust Challenges
Sunny Lu, co-founder of VeChain, believes autonomous AI agents will drive demand for blockchain-based identity verification, reputation tracking, and payment infrastructure while advocating for VeWorld.ai agent platform.
The emergence of AI agents may spark blockchain technology's upcoming wave of mainstream acceptance by generating the need for robust systems that authenticate their identities and track their credibility, as stated by Sunny Lu, CEO and co-founder of VeChain.
Self-governing AI agents functioning continuously without human intervention would necessitate a "new accountability system" to establish confidence among the general public, Lu explained during his appearance on Cointelegraph's Chain Reaction show on Wednesday.
"The perfect solution is a blockchain," he said.
Lu presented this argument while promoting VeWorld.ai, a platform designed for building agents that leverages VeChain's blockchain infrastructure.
According to his outlook, these agents would possess digital "passports" and function within a "decentralized credibility system" that monitors both their reputations and the reputations of those who created them. Smart contracts could facilitate the settlement of transactions occurring between different agents or between agents and human users.
VeChain has additionally sought to advance blockchain adoption through supply-chain monitoring initiatives, including projects focused on food traceability.
AI agents could help people monetize their expertise
AI agents may also enable individuals to transform their specialized knowledge into viable businesses or service offerings, broadening software creation possibilities to those without development backgrounds, Lu suggested.
He drew a parallel between this emerging opportunity and mobile app stores, which empowered individual developers to share and profit from their creations. Tools for building agents could unlock this market for individuals whose talents exist outside the realm of programming, including people with specialized professional expertise, regional insights or personal interests.
His personal trials involved creating an educational agent designed for his daughter, an agent to assist with his mother's daily activities and rehabilitation, and a virtual employee to oversee purchasing, inventory management, sales and operations for a friend's retail establishment in Milan.
Other industry participants have highlighted the risks of relying on agent providers.
In an October interview, Animoca Brands chairman Yat Siu told Cointelegraph that crypto traders could put AI agents to work around the clock but warned that users risked building their trading strategies around services they did not control.