Jenny Johnson, president and CEO of financial firm Franklin Templeton, recently reiterated her pro-blockchain stance in an interview with Bloomberg during the 27th annual Milken Institute Global Conference, mentioning her support for tokens. Perspectives on transformational and generative artificial intelligence.

When asked how Franklin Templeton would benefit from tokenization, Johnson was quick to respond: “First of all, I’m a huge fan of blockchain and the technology.” She described the company running a The parallel experiment, which used both traditional methods and blockchain to process account records, lasted six to eight months. The results were quite positive, as Johnson said, "We were surprised to find how cheap it was to run on the blockchain."

Johnson added:

"This is a very efficient technology, and we think it will open up a lot of new investment opportunities. And honestly, I think eventually ETFs and mutual funds will be on the blockchain."

Johnson attributed the prediction to the "huge cost" required to verify data between disparate systems - a problem that blockchain is designed to solve. She further noted that once data has been reconciled internally, financial institutions and stakeholders still need to verify the data between external parties. “When it comes to blockchain, there is only one source of truth,” Johnson said.

Johnson believes that financial and time savings can lead to more diversified investment opportunities. She cited the use case of pop music superstar Rhianna: issuing a series of 300 NFTs (non-fungible) through smart contracts. tokens) whose owners receive a tiny percentage of royalties from a song by the singer.

Generative AI

When it comes to artificial intelligence, Johnson acknowledged the utility of generative AI systems, but warned that it's "a bit like the kid who got an 'A' in English and an 'F' in math." Developers need to be able to combine multiple models, which It's actually technically complex and not easy.

Johnson noted that Franklin Templeton recently partnered with Microsoft to build an AI-powered sales assistant. She later added that investment opportunities exist in the space and praised the potential of AI-driven translation services to remove language barriers in finance.

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