- SingularityNET and VeChain join forces to leverage AI and blockchain to reduce carbon emissions.
- The collaboration seeks to enhance automation by merging VeChain’s enterprise data with SingularityNET’s advanced AI algorithms.
An electrifying reveal from VeChain made an enthusiastic announcement about its participation in the RareEvo 2023 event. The tweet from @vechainofficial indicated that their booth is shaping up impressively. Moreover, VeChain’s CTO, Antonio, is scheduled to give a presentation at 11 am the following day, and attendees can look forward to demo breakout sessions over the weekend.
The vechain Booth is coming together nicely at @RareEvo 2023!
Come hear CTO Antonio on stage at 11am tomorrow & join our https://t.co/y35AR6gYrf demo breakout sessions with Vanja on Fri & Sat.
If you’re in the area and want to join the event in person, slide into our DMs 👀 pic.twitter.com/D649S5AT5A
— vechain (@vechainofficial) August 24, 2023
Blockchain and AI: A Powerful Union
Over recent times, the crypto sphere has observed a surge in collaborations between AI and blockchain technologies. VeChain, known for its smart contract-enabled blockchain primarily used for supply-chain monitoring, unveiled its strategic alliance with SingularityNET, an AI services-sharing decentralized platform. This union aims to incorporate VeChain’s vast enterprise data reservoir with the high-tech AI algorithms of SingularityNET. The goal? Boosting the automation of routine processes and offering real-time insights.
Ben Goertzel, the brain behind SingularityNET, shared his perspective with Cointelegraph, emphasizing that when the precise AI algorithms encounter the right data with ample processing power, the results are nothing short of magical. For Goertzel, the collaboration holds the promise of enabling AI to pinpoint innovative methods to harness VeChain’s blockchain data for optimal carbon emission management and pollution reduction.
Dr Ben Goertzel says an AGI deployed across millions of nodes around the world can't be taken over by hostile, centralized forces: "Blockchain solves that problem better than it solves the problem of money,” he says. https://t.co/jPlp5BrSUY
— Cointelegraph Magazine (@CointelegraphZN) May 2, 2023
Beyond Traditional Mechanisms
The sheer complexity of achieving an eco-friendly and sustainable economy involves synchronizing numerous economic entities. A challenge where conventional economic structures have often fallen short, Goertzel pointed out. Antonio Senatore, VeChain’s CTO, resonated with this sentiment, highlighting that both AI and blockchain bring revolutionary capabilities to industries and businesses, paving new operational pathways.
Blockchain and AI: The Pillars of Web3
The amalgamation of blockchain and AI isn’t a novel concept. In recent months, Hive Blockchain, a prominent Bitcoin miner, pivoted its focus towards AI, rebranding in the process. Hive Digital Technologies’ CEO mentioned in a conversation with Cointelegraph that AI and blockchain form the backbone of Web3. Similarly, Polygon, an Ethereum layer-2 scaling network, integrated AI technology to aid developers in extracting analytics for Dapps on their platform.
Dr. Daoyuan Wu, a renowned AI scholar from Nanyang Technological University, spoke about the innate autonomy of AI meshing flawlessly with the decentralized nature of blockchain and smart contracts. He envisions a shift from the predominant centralized governance in the blockchain arena to a genuinely decentralized, autonomous paradigm. Further solidifying the bond between AI and blockchain, MetaTrust Labs introduced GPTScan, an innovative tool fusing Generative Pre-training Transformer (GPT) with static analysis to pinpoint logic vulnerabilities in smart contracts.
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