AI can analyse vast economic data in real time, improving forecasting and decision-making for monetary policy, while blockchain enhances transparency, security, and efficiency in financial transactions. Integrating these technologies can help central banks respond more effectively to economic fluctuations, reduce fraud, and streamline operations, ultimately fostering a more resilient financial system.

Won't take long for Polski DOGE to happen :) all intelligence agencies across the world are at it I'm sure. Even OSINT stuff will soon show up. And Naseer Taleb will be smiling.

Not only Central Banks, all banks should go for AI & block chain technology.

Central banks should explore AI and blockchain technologies to enhance data analysis, policy modeling, and transaction transparency, but their integration must be cautious, well-regulated, and supplemented by human oversight to prevent misuse and ensure the reliability and stability of monetary policy frameworks.

Your article on OPPORTUNITIES AND THREATS, dear Dariusz Prokopowicz , primarily emphasizes the increasing significance of understanding the factors influencing the development of generative artificial intelligence applications. It highlights the importance of addressing current and potential threats associated with this technological progress and underscores the need for legal regulation.

The discussion situates AI development within the broader context of ongoing technological advancements that began with the first industrial revolution, characterized by increased automation and objectification of labor. However, it also points out the risks posed by accessible generative AI models like ChatGPT, which can accelerate misinformation spread, infringe on copyright laws, obscure authorship, and be exploited by cybercriminals.

Consequently, the article argues that establishing appropriate legal frameworks is essential to ensure that the growth of generative AI benefits society while mitigating its risks and preventing new forms of threats.

Imo, central banks should consider adopting Industry 4.0 technologies selectively and strategically, balancing innovation with caution, dear Dariusz Prokopowicz . Pilot programs, rigorous risk assessments, and robust regulatory frameworks are essential to harness the benefits while mitigating potential downsides. Given the transformative potential, integrating AI and blockchain could enhance the effectiveness and resilience of monetary policy, but they should complement traditional approaches rather than replace them outright.

While AI and blockchain can enhance data analysis, transparency, and transaction efficiency, their role in *managing* monetary policy remains limited. Central banks may adopt these tools for implementation and monitoring (e.g., CBDCs), but human oversight and macroeconomic judgment are still crucial in policy formulation due to ethical, systemic, and stability concerns.

Yes, central banks can benefit from AI and blockchain to enhance monetary policy efficiency and transparency, but implementation must be cautious due to regulatory, ethical, and systemic risks.