| I said this over a year ago elsewhere: Electronic engineers spent decades overcoming thermal noise floors so that humans could communicate over vast distances with small amounts of energy. AI researchers, in a few short years, undid all that by making computer-generated chatter and images indistinguishable from messages sent by humans. Until such a time as we live in a Bladerunner-like world of Replicants, being in-person will be the only reliable way to convey a message from human to human. I'm long on travel and in-person meetings, short on VR and telecoms. |
I am not in the finance department, but in software engineering and operations, two-party controls are everywhere. I can't check in code without reviews. I can't access production systems or make changes without approval from another team member. I would think that similar processes could be put into place for transferring tens of millions of dollars.
In other words, there are ways to deal with this that don't come down to "mistrust all technology and revert to face-to-face meetings and handing cash to each other".