SingularityNET CEO Ben Goertzel says that AI and blockchain have the potential to solve problems that traditional mechanisms have “consistently, miserably failed.”
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Artificial intelligence firm SingularityNET and blockchain firm VeChain have become the latest firms to marry blockchain with artificial intelligence — this time, with the aim of cutting down carbon emissions.
Over the last year, the crypto industry has seen an increasing amount of collaboration between blockchain and AI technology.
On Aug. 24, VeChain — a smart contract-compatible blockchain used for supply-chain tracking — announced a strategic collaboration with the decentralized AI services-sharing platform SingularityNET.
In a joint statement, the firms said the partnership will merge VeChain’s enterprise data with SingularityNET’s advanced AI algorithms to enhance automation of manual processes and provide real-time data.
SingularityNET founder and CEO Ben Goertzel told Cointelegraph that blockchain and AI go hand-in-hand and can solve problems where traditional approaches often 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,” said Goertzel.