How blockchain can advance cybersecurity in the era of AI

In 1992, Bill Clinton used the mantra “it’s the economy, stupid!” to set the focus of his presidential campaign. Today, our economy is a data economy, deeply intertwined with globe-spanning IT systems. This has made cybersecurity incredibly important, as the worldwide economic cost of cybercrime is massive. Losses in 2025 are forecast to exceed $10 trillion – equivalent to 40% of United States GDP, 55% of the GDP of China or three times the GDP of the United Kingdom. 

Europe is particularly vulnerable. The continent’s economic firepower has declined, along with the standing of the once-mighty technology firms — leaving Europe in a significantly weaker position in the global battle for data and market share. The continent’s onetime IT leaders such as Bull, Nokia, Olivetti, Philips, SAP and Siemens now often find themselves dwarfed by primarily American and Chinese tech giants dominating both hardware and software segments. That trouble is compounded by Europe’s significant relative decline in GDP and market capitalization compared to the rest of the world.