Blockchain is ‘perfect solution’ for AI agent trust, VeChain CEO says

Sunny Lu, co-founder and CEO of VeChain, believes blockchain technology represents the ideal solution for establishing trust in AI agents, according to his recent remarks at Cointelegraph’s Chain Reaction show. AI agents would require identity and reputation systems to drive blockchain’s next wave of adoption, Lu argued. Autonomous AI agents that function continuously around the clock would necessitate a "new accountability system" to foster public trust, he said.

Lu presented VeWorld.ai, an agent-building platform leveraging VeChain’s blockchain, as the perfect solution for this purpose. In his vision, such agents would possess digital "passports" and operate within a "decentralized credibility system," tracking both their reputations and those of their creators. Smart contracts could facilitate transactions between agents or between agents and individuals.

Lu envisions AI agents extending software-building opportunities beyond developers to non-programmers, akin to mobile app stores that enabled individual developers to distribute and monetize their creations. He has experimented with various agent applications, such as an educational agent for his daughter, an agent to assist his mother's daily routine and recovery, and a virtual employee to manage operations for a friend's shop in Milan.

Despite the potential benefits, Lu also cautioned that relying on agent providers could pose risks. In an earlier interview, Animoca Brands chairman Yat Siu cautioned that crypto traders who build their trading strategies around AI agents run the risk of putting their trust in services they do not control.