DGM Tech Solutions CEO Konstantinos Michailides spoke at the IFX Expo International exhibition about the benefits of blockchain and artificial intelligence (AI) for brokers.

The general director said that brokers began to outsource to reduce the internal load and solve laborious tasks like recovery after failures or round -the -clock customer support. According to Mikhailidis, the blockchain can simplify the Broker platforms introduce the “Know Client” (KYC) procedure and compliance with the rules for the fight against money laundering (Aml). Blockchain is also able to facilitate the test in real time, said the head of the DGM Tech Solutions.

He proposed to issue tokens to verified users who would perform the function of identifiers for all financial services. If each proven client had a blockchain -based token, then brokers, banks and insurers could rely on this token as a single source of reliable information. According to Mikhailidis, this is quite realistic to implement, only support from regulatory departments and governments is needed – however, they resist.

“If everything depended on the governments and banks, they would immediately stop Bitcoin – for them it is a threat. They don’t like cryptocurrency. But they have to adapt, ”said DGM Tech Solutions CEO.

Artificial intelligence also changed the work of brokers, and the processes that previously occupied several days are now being performed in minutes, the top manager said. AI significantly reduces the time of checking the selfies with documents. DGM uses AI to automate platform management and instrument settings, gave an example of Mikhailidis.

Earlier, the technical director of the Kraken crypto -tank Vishnu Patankar said that artificial intelligence fits perfectly into the crypto industry, allowing companies to quickly cope with working tasks. However, the co -founder of Ethereum Vitalik Buterin is afraid that if you leave AI without control, it can become a threat to humanity.