The CEO of the stablecoin issuer Circle says blockchain will be at the center of the new digital economy, driven by AI agents that transact, interact and coordinate at scale.
In a new No Priors interview, Jeremy Allaire says people mostly believe that the blockchain’s sole purpose in the agentic economy is payments.
Allaire says the narrative is far from reality, as blockchain is the only technology in existence that enables AI agents to perform an array of tasks essential to economic activity in the digital world without traditional intermediaries.
“And so if you have AI agents that are from around the world, they could be generated from lots of different models and LLMs and the like, and they need to coordinate. They need a medium, a trustworthy medium where they can do that, where they can instantiate an entity, where they can store value in that entity, they can execute and arrange contracts that intermediate the work and the tasks, and that where all of it is real-time, mathematically and computationally provable.
And so blockchain infrastructure now actually gives us the building blocks for when I say agentic economic activity, most people think, ‘Oh, that’s e-commerce or payment.’
It’s not.
Agentic economic activity is actually how the organization of what we used to think of as labor and capital, but essentially how does this organization of compute work happen, and what kinds of corporate forms might emerge in that world to do that. And so I’m actually quite interested in that.”
Allaire appears to be saying the blockchain and its ability to create and execute smart contracts could underpin entirely new forms of coordination, ownership and production in an AI agent economy.
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