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ARTICLE · 22 MARCH 2017

Federal Trade Commission Considers The Implications Of AI And Blockchain Technologies

Reed Smith
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Following the lead of regulators throughout the country that have turned their attention to new financial technologies, the U.S. Federal Trade Commission recently held a FinTech Forum....

United StatesTechnology
Kari S. Larsen
Kari S. Larsen
Michael Selig
Michael Selig
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Following the lead of regulators throughout the country that have turned their attention to new financial technologies, the U.S. Federal Trade Commission recently held a FinTech Forum that focused on artificial intelligence and blockchain technologies. The agency is keen to understand the "ways in which these technologies are being used to offer consumer services, the potential benefits, and consumer protection implications as these technologies continue to develop." We note the key take-aways from the FinTech Forum in this Client Alert.

Introduction

On March 9, 2017, the U.S. Federal Trade Commission ("FTC") held its third FinTech Forum, which included presentations and panel discussions on the consumer protection implications of the development of artificial intelligence ("AI") and blockchain technologies. Following the lead of regulators throughout the country that have turned their attention to these technologies, the FTC is keen to understand the "ways in

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