Saturday, October 26, 2024

VeChain and SingularityNET team up on AI to fight climate change

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Synthetic intelligence agency SingularityNET and blockchain agency VeChain have turn into the newest corporations to marry blockchain with synthetic intelligence — this time, with the intention of slicing down carbon emissions.

Over the past 12 months, the crypto business has seen an growing quantity of collaboration between blockchain and AI expertise.

On Aug. 24, VeChain — a sensible contract-compatible blockchain used for supply-chain monitoring — introduced a strategic collaboration with the decentralized AI services-sharing platform SingularityNET.

In a joint assertion, the corporations mentioned the partnership will merge VeChain’s enterprise knowledge with SingularityNET’s superior AI algorithms to improve automation of guide processes and present real-time knowledge.

SingularityNET founder and CEO Ben Goertzel advised Cointelegraph that blockchain and AI go hand-in-hand and can clear up issues the place conventional approaches usually fail.

“The previous few years have taught the world that when the appropriate AI algorithms meet the appropriate knowledge on ample processing energy, magic can occur,” mentioned Goertzel.

Goertzel defined the partnership may, for instance, enable AI to establish new methods to use VeChain’s blockchain knowledge to optimize carbon emission output and decrease air pollution.

“Attaining a sustainable and environmentally constructive financial system is a particularly complicated drawback involving coordination of a lot of completely different financial gamers,” he added.

“It is an issue at which conventional financial mechanisms have constantly, miserably failed.”

In the meantime, VeChain Chief Know-how Officer Antonio Senatore added: “Blockchain and AI provide game-changing capabilities for industries and enterprises and are opening new avenues of operation.”

Associated: Here’s how blockchain and AI combine to redefine data security

In July, Bitcoin Miner Hive Blockchain modified its title and enterprise technique as a part of its foray into the rising area of AI. Hive Digital Technologies CEO Aydin Kilic advised Cointelegraph in August that blockchain and AI are “each pillars of Web3.”

In June, Ethereum layer-2 scaling community Polygon announced its integration of AI expertise. The AI interface referred to as Polygon Copilot will assist builders receive analytics and insights for Dapps on the community.

Dr. Daoyuan Wu, an AI researcher from the Nanyang Technological College in Singapore and MetaTrust affiliate, advised Cointelegraph that the “inherent autonomy of AI aligns seamlessly with the decentralized and autonomous traits of blockchain and sensible contracts,” including:

“It holds the potential to shift the present centralized governance prevalent within the blockchain ecosystem to a very decentralized and self-governing paradigm.”

MetaTrust Labs is working on a challenge referred to as GPTScan which works as a software that mixes Generative Pre-training Transformer (GPT) and static evaluation to detect logic vulnerabilities in sensible contracts.

“GPTScan is the primary software of its variety that makes use of GPT to match candidate weak features primarily based on code-level situations and properties,” added Dr. Daoyuan in an interview with Cointelegraph.

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