Financial technologies like artificial intelligence and blockchain are driven by data.
AI systems are optimally powered by high volumes of data that are not just machine-readable and accessible, but that are “machine-understandable.” Artificial intelligence has enormous potential, but AI algorithms must leverage high-quality, unambiguously understood data to generate reliable, useful results. Blockchain is a distributed, decentralized ledger designed to capture records of information and establish trust that an action has occurred among “untrusted parties”. Smart contracts or digital contracts, are a form of blockchain. Digital assets rely on blockchain to enable the creation, ownership, and transfer of assets without the need for intermediaries. All require structured, unambiguously understood data to function effectively.
The path to providing data of high integrity and accuracy is through open, nonproprietary (free) data standards, an approach successfully employed around the world. Data integrity is achieved when the creators and users of the data have a clear, shared understanding. Creating data in structured, standardized format imposes the discipline needed for data that is accurate and transparent.
Related news, papers, and posts.
By David Tauriello, Vice President of Operations, XBRL US Since the release of the XBRL API in 2018, we've heard from hundreds of users with questions and feedback on functionality to improve analysis with...
Gartner, Inc. - an American research and advisory firm - has recognized Ez-XBRL Solutions with its 2026 Coolest Vendor Innovations in AI-Driven Disclosure and Regulatory Reporting for its integrated EcoActive and Integix solution....
XBRL US supports the release of the final joint rule, the Financial Data Transparency Act (FDTA) Joint Standards published on June 9, 2026. The joint rule outlines the requirements for data standards to...
Highlights from the May 15, 2026, AI and Structured Data Forum, featuring the Securities and Exchange Commission, the AICPA, Auditchain, Broadridge Financial, the Center for Research toward Advancing Financial Technologies (CRAFT), Crowe LLP,...
Conference brought together regulators, audit leaders, researchers, and financial technology experts to explore how structured data and AI are reshaping finance HOBOKEN, N.J., May 2026 — The Center for Research toward Advancing Financial...
The Data Foundation Symposium on Public Data as Strategic Infrastructure will feature interactive demonstrations and formal presentations from Data Foundation Senior Fellows and other invited guest speakers. Public data collected and managed by...
Comment
You must be logged in to post a comment.