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Bill Platt, the COO of Alchemy, joins Remy Blaire to discuss the transformative intersection of artificial intelligence (AI) and blockchain technology within the fintech sector.
Remy opens the conversation by highlighting the rapid growth of AI and blockchain, noting their integration and the potential benefits this brings to financial processes, such as improved transaction handling and enhanced security measures. Bill shares his perspective on the current state of these technologies, describing it as an inflection point similar to the early days of cloud computing. He emphasizes the power of combining agentic AI with blockchain, suggesting that this synergy could fundamentally change financial operations worldwide.
The discussion shifts to the concept of stablecoins, which Bill refers to as the “killer app” for blockchain. He explains how stablecoins serve as a vital bridge between traditional finance and the advantages offered by blockchain technology. Bill elaborates on Alchemy’s role in this evolution, describing the company’s infrastructure as the “plumbing” that enables seamless transactions across various applications. He clarifies that this plumbing consists of decentralized systems and APIs that work behind the scenes, allowing users to engage with financial services effortlessly.
As the conversation progresses, Remy and Bill address the critical issue of security in the realm of decentralized finance (DeFi). Bill points out that while DeFi offers benefits like speed and programmability, it must also incorporate the strong infrastructure and regulatory frameworks characteristic of traditional finance. He introduces Alchemy’s recent product innovation, Cortex, which leverages AI capabilities to enhance the speed, reliability, and throughput of decentralized finance applications, making them significantly more efficient.