FTC to Host FinTech Forum on Blockchain and Artificial Intelligence on March 9

The Federal Trade Commission will host its third FinTech Forum on March
9, 2017, focusing on the consumer implications of two rapidly developing
technologies: artificial intelligence and blockchain.

Artificial intelligence focuses on the capability for machines to mimic
human thinking or actions, including learning and problem solving. The
technology may be used, for example, to provide personalized financial
services for consumers, including providing money management tools.

Blockchain technology involves a distributed digital ledger for recording
transactions that can be shared widely. It first emerged as the foundation
for digital currency, and it is now being explored for other consumer-focused
uses including payment systems and “smart contracts.”

The half-day event is designed to bring together industry participants,
consumer groups, researchers, and government representatives, to examine
the ways in which these technologies are being used to offer consumers
services, the potential benefits, and consumer protection implications
as these technologies continue to develop.

The event, which is free and open to the public, will be held at the University
of California, Berkeley, beginning at 9 a.m. A full schedule and other
details will be announced shortly. No pre-registration is needed.

The FinTech Forum series is part of the FTC’s
ongoing work to protect consumers taking advantage of new and emerging
financial technology
. As technological advances expand the ways consumers can store, share,
spend, and borrow money, the FTC is working to keep consumers protected
while encouraging innovation for consumers’ benefit.

The Federal Trade Commission works to promote competition, and
protect and educate consumers. You can
learn more about consumer topics and file a
consumer complaint online or by calling 1-877-FTC-HELP (382-4357).

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