In a groundbreaking alliance, artificial intelligence (AI) company SingularityNET and blockchain organization VeChain have teamed up, marking another significant stride in the amalgamation of blockchain and AI. This partnership is specifically geared toward reducing carbon emissions.
Over the past year, there has been an evident uptick in collaborative efforts between the realms of blockchain and AI. VeChain, renowned for its smart contract-enabled blockchain that facilitates supply-chain tracking, made public their strategic collaboration with SingularityNET, a platform that offers decentralized AI services, on August 24th.
The alliance aims to couple VeChain’s enterprise data with the cutting-edge AI algorithms of SingularityNET, thereby augmenting the automation of manual tasks and ensuring access to real-time data.
SingularityNET’s CEO, Ben Goertzel, shed light on the symbiotic relationship between AI and blockchain, emphasizing their potential to tackle challenges that conventional methods might falter at. “When the apt AI algorithms intersect with the right data, bolstered by ample processing capacity, remarkable outcomes ensue,” Goertzel remarked. Expanding on the alliance’s potential, he elucidated how AI could harness VeChain’s blockchain data to pinpoint novel methods for optimizing carbon emissions and curtailing pollution. Goertzel emphasized the intricate nature of realizing an eco-friendly and sustainable economy, noting it necessitates the coordination of a plethora of economic entities.
On the other hand, Antonio Senatore, VeChain’s Chief Technology Officer, stressed the transformative abilities of both blockchain and AI, suggesting they pave novel operational avenues for enterprises and industries.
These views resonate with the broader industry trends. For instance, Hive Blockchain, primarily a Bitcoin miner, rebranded itself in July, embarking on an AI-focused trajectory. Hive Digital Technologies’ CEO, Aydin Kilic, in a conversation with Cointelegraph the following month, identified both blockchain and AI as “integral pillars of Web3.”
Additionally, the Ethereum layer-2 scaling solution, Polygon, divulged its AI integration in June. Christened “Polygon Copilot,” this AI tool is designed to furnish developers with insights and analytics for decentralized applications (Dapps) on its network.
Lending an academic perspective, Dr. Daoyuan Wu, an AI researcher affiliated with Nanyang Technological University in Singapore and MetaTrust, opined that the innate autonomy of AI resonates perfectly with the decentralized ethos of blockchain and smart contracts. Dr. Wu envisions a transformative potential in AI, capable of evolving the blockchain sphere’s existing centralized governance to a genuinely decentralized, self-regulated model. Echoing this, MetaTrust Labs is in the process of developing GPTScan, an innovative tool leveraging the Generative Pre-training Transformer (GPT) to discern vulnerabilities in smart contract logic.
The nexus of blockchain and AI, as exemplified by the initiatives of firms like SingularityNET and VeChain, suggests a promising trajectory for these technologies in addressing global challenges like carbon emissions.
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