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- VeChain developers have confirmed that they are exploring artificial intelligence through OpenAI.
- The project aims to tap into a billion-dollar market with human-readable decoded contract descriptions.
For the last couple of weeks, the talk of the tech town has been on the developments around artificial intelligence (AI). From the looks of it, other than possibly destroying humanity, the new technology will much like cryptocurrencies revolutionize billion-dollar industries and make users wealthy.
Keeping with the developing times, VeChain developers are looking into AI and how it can possibly integrate it into its existing tech to be a cutting-edge project. As confirmed on Friday, VeChain developers are exploring OpenAI. The first implementation will be a human-readable description of decoded contracts.
#Vechain #developers, we're exploring #OpenAI just like the rest of the world!
Our first implementation: A human-readable description of decoded contracts. We'd love to hear your thoughts!
Join the conversation in our Discord: https://t.co/mJaor2ZuAS pic.twitter.com/X2gqUbPvX8
— vechain.energy (@VechainEnergy) April 20, 2023
The developers are calling on the community to share their thoughts as the project looks to tap into the billion-dollar AI industry. Industry experts such as McKinsey, AI may deliver an additional $13 trillion to the economy by 2030.
Smart contracts have been around for years and can be executed on the VeChain network. The smart contracts and DApps are built on top of it and are applied to logistics, supply chain management, and other industries to help these industries enhance their operations. AI can further advance the network and these industries at large. As AI goes mainstream, this could further the adoption of the project and its native token VET.
Arguably, blockchain and AI are two of the most innovative technologies in the last decade. It is now a race between projects to find an intersection of distributed ledger that allows for secure, transparent, and tamper-proof applications and the tech that enables machines to assist humans and make intelligent decisions. VeChain hopes to get ahead of the curve by using the leading AI company OpenAI with the VeChain revolutionary technology. To start off, AI can improve the operational efficiency, information accuracy, and data security of the VET blockchain.
VeChain forging ahead to drive VET higher
It is widely known in the crypto community that the best projects focus on building during the bear and bull markets. Despite VET prices slumping, CNF has continuously reported on the numerous positive developments around the VeChain network.
In all its developments, VeChain has indicated that it will continue to work with governments in Europe with VET having compliance built-in into its architecture. The comprehensive MiCA framework on digital assets has been hailed by prominent crypto personalities due to clear rules for crypto token issuers, traders, and crypto platforms.
Read More: VeChain’s Billion-Dollar Industry Set to Build on Foundation Laid by EU’s MiCA Regulation
At the time of press, VET is exchanging for $0.02241. The digital asset is under pressure, shedding around 14 percent in the last 7 days. Investors are optimistic that the token will turn it around and end the year on a new high and the numerous developments point to this possibility.
#VET is a very thin market as indicated by the many gaps in price. This means that #VET is likely to be highly volatile although it doesn't tell you which way – Such low volume may improve if the general market improves – we shall see? #Evai pic.twitter.com/9j78ZXw7WZ
— Matthew Dixon – CEO Evai (@mdtrade) April 17, 2023
