To help clarify the discussion and reduce the probability of unwise and harmful regulation, we’re participating in industry efforts to educate and influence policymakers. We support proposed U.S. legislation introduced by Senators Maria Cantwell, Todd Young, and Ed Markey to create a federal study commission and carefully watching the European Commission’s AI policy agenda that will be introduced in April.
At Workday, we believe that developing and increasing the use of intelligent technologies—including machine learning, big data analytics, and AI—can benefit individuals and society by enabling companies across all sectors of the economy to become more efficient, productive, and innovative. Workday’s product focus is to incorporate intelligent technology tools that give people more information to make better decisions, as outlined in our four-stage AI maturity model for customers.
As AI technologies are nascent, we will work to ensure that regulations do not prematurely constrain AI’s growth and take into account how AI is applied in different contexts. At the same time, we believe intelligent systems must be built in an ethical way to respect privacy and avoid unintended biases. We further believe organizations must be committed to supporting their workforces, including reskilling employees for new roles as their old roles are impacted by intelligent technologies.
Blockchain. Blockchain has achieved notoriety as a result of cryptocurrencies such as bitcoin. However, blockchain has potential applications that go far beyond digital money. Fundamentally, blockchain is a distributed ledger that allows parties to share information in a decentralized, verifiable, and secure manner. Blockchain has many potential applications, including secure tracking of supply chain components, digital identity tokens, and digital rights management.
It is important that blockchain digital records have the same legal recognition as other records, such as electronic contracts and e-signatures. Ensuring recognition will create market confidence, enabling new services and use cases and promoting economic growth. Some U.S. states have passed laws to this effect, but we think federal legislation will ensure a consistent approach. For the same reasons, we favor EU legislation recognizing blockchain digital records and hope greater consistency will be one outcome of the EU Blockchain Observatory and Forum.