VeChain and SingularityNET team up on AI to fight climate change


Artificial intelligence agency SingularityNET and blockchain agency VeChain have develop into the newest companies to marry blockchain with synthetic intelligence — this time, with the goal of chopping down carbon emissions.

Over the final yr, the crypto trade has seen an growing quantity of collaboration between blockchain and AI expertise.

On Aug. 24, VeChain — a wise 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 companies stated the partnership will merge VeChain’s enterprise information with SingularityNET’s superior AI algorithms to improve automation of handbook processes and present real-time information.

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

“The last few years have taught the world that when the right AI algorithms meet the right data on sufficient processing power, magic can happen,” stated Goertzel.

Goertzel defined the partnership might, for instance, permit AI to establish new methods to use VeChain’s blockchain information to optimize carbon emission output and reduce air pollution.

“Achieving a sustainable and environmentally positive economy is an extremely complex problem involving coordination of a large number of different economic players,” he added.

“It’s a problem at which traditional economic mechanisms have consistently, miserably failed.”

Meanwhile, VeChain Chief Technology Officer Antonio Senatore added: “Blockchain and AI offer game-changing capabilities for industries and enterprises and are opening new avenues of operation.”

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

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

In June, Ethereum layer-2 scaling community Polygon announced its integration of AI expertise. The AI interface known 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 University in Singapore and MetaTrust affiliate, informed Cointelegraph that the “inherent autonomy of AI aligns seamlessly with the decentralized and autonomous characteristics of blockchain and smart contracts,” including:

“It holds the potential to shift the current centralized governance prevalent in the blockchain ecosystem to a truly decentralized and self-governing paradigm.”

MetaTrust Labs is working on a undertaking known as GPTScan which works as a instrument that mixes Generative Pre-training Transformer (GPT) and static evaluation to detect logic vulnerabilities in good contracts.

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

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