Ripple CTO Says 2024 Will Usher In ‘Convergence of AI and Blockchain’

AI and blockchain technology forms the central theme of the prediction of key trends to watch in 2024 by Ripple CTO, David Schwartz
By Godfrey Benjamin
Updated July 18, 2025

David Schwartz, Ripple Labs CTO is the latest to weigh in on the crypto market for 2024, as part of Ripple’s 2024 predictions with his focus on AI and blockchain among other innovations. 

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Ripple CTO on the Future of AI and Blockchain

Ripple CTO’s first prediction was about Artificial Intelligence (AI) and blockchain. Schwartz is positive that the convergence of these two innovative technologies will bring about a revolution in cybersecurity and financial services. Specifically, the Ripple executive believes strongly that AI and blockchain will transform the trajectory of the market through the provision of accurate insights as well as automated trading.

AI chatbots including those that might emerge from the XRP Ledger (XRPL) will go a long way in simplifying development as they will foster global innovation and financial inclusion. Ultimately, the use of AI technology will bring another level of security to the blockchain. So far, the crypto industry has seen multiple intersections and integration of AI and blockchain.

Last month, Cardano fused AI and blockchain in its ecosystem through the launch of Girolamo, an internet-enabled generative chatbot. The Girolamo chatbot is designed to handle a wide range of queries, from industry-specific to general everyday questions. It also boasts of the capability to generate and interpret images, adding a visual dimension to its functionality.

Similarly, Elon Musk’s irreverent new chatbot Grok AI recently predicted Bitcoin’s price for 2024. These are only some of the few things that have been achieved with the fusion of AI and blockchain. 

Moving on, Schwartz talked about the potential of having Real real-world asset (RWA) tokenization revolutionise the blockchain economy, with a core focus on real estate and commodities. XRPL is bound to lead this movement with several enhanced solutions.

Ripple Labs Policy Director Rahul Advani also weighed in on the concept of tokenization in his predictions for 2024, although he was more particular about the Asia Pacific (APAC) region. Advani stated that an increased interest in tokenization will make regulation in Decentralized Applications (DApps) a key priority in the region. 

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Decentralized Identity and Stablecoins

Schwartz’s third prediction was about the privacy revolution that would be pulled into the blockchain with the emergence of Decentralized Identity (DID) adoption. 

To conclude his prediction, the Ripple CTO highlighted the capacity of stablecoins to reshape global finance, while opening new foreign exchange corridors and reducing the dependence on the United States dollar.

While this may be true about stablecoins, Advani earlier outlined the need for a robust regulatory framework for this asset class. Meanwhile, more predictions are likely to come from other Ripple executives.

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Godfrey Benjamin
Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture. Follow him on X, Linkedin
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