Cutting edge technologies are on a pathway to become smarter and more efficient. With the emergence and further advancement of smart technology like blockchain technology and artificial intelligence (“A.I.”), individuals are able to work more efficiently and conveniently. But, with all technology, it comes with inherent privacy risks if it’s not checked.

Today, many developments in the area of A.I. belong to giant corporations like Google and Facebook. These companies utilize the data people give them to build intelligent A.I. solutions, thereby increasing their profits. By introducing blockchain into our machines, there are new possibilities for understanding the core and neural networks of these technologies.

But, it’s important to understand why A.I. is coming into play now. While traditionally are computer systems have been significantly faster at processing information than we are, without the specific algorithms, coding, and instructions in how to run and execute a task, the computers are essentially worthless.

Why Do Blockchain and A.I. Seem Like The Perfect Match

Blockchain provides a pseudonymous, encrypted storage system that allows for digital information to reside on and be distributed across servers and computers on a global scale. Ultimately, we can create a more democratic, open future for A.I.

An emerging area of A.I. involves building and constructing algorithms which are capable of processing, utilizing, and operating data while it’s still in its encrypted, secure state. Blockchain technology is no different, as it involves the utilization and daily upgrading of safer and more secure algorithms that help to ensure a faster, but streamlined means of processing and verifying transactions.

When it comes to financial transactions, A.I. algorithms are expected to now be able to detect, respond to, and even make decisions involving the legitimacy of financial transactions. Like blockchain technology, introducing this “smart” component into space could make this marriage harmonious and seamless.

Introducing The Human Factor Into A.I.

 The behaviors and decisions made by A.I. are often questioned by humans, simply because we do not understand the rationale behind them. Why? Because, these machines are able to assess and process hundreds of thousands of variables independent and apart from each other, picking out and learning which is most efficient in carrying out its assigned task.

 While this joining is not the end all, human’s are still required to audit and ensure the accuracy of these systems. Given the large amounts of data and complexity of transactions, this could take a significant amount of time. The benefit for having A.I. and blockchain technology intertwined is that every transaction is recorded—thus, providing us with a better means of understanding why certain decisions were made and behaviors engaged in, all with the confidence that the data isn’t being altered or tampered with.

At the end of the day, if the technology isn’t trusted by the public and the government, we are at a standstill.

A recent project, SingularityNet, is a full-stack A.I. solution powered by a decentralized protocol that combines the leading minds in machine learning and blockchain—researchers, developers, and entrepreneurs coming together to democratize access to A.I. technology. This provides a universal access to the global network of A.I. algorithms, services, and agents.

 SingularityNET aims to distribute the power of A.I. across the A.I. marketplace, and most recently was listed on the international cryptocurrency exchange, Binance Exchange. Its native token, AGI Token powers the platform, helping to make these algorithms more openly accessible.

The listing on Binance Exchange comes nearly six months after its December 2017 Token Generation Event, as the company continues to make headway in 2018 on its mission to make general intelligence both powerful and participatory.  The project recently announced its involvement in founding DAIA, the Decentralized AI Alliance, as well as the opening of its second Asian office located in South Korea.

So far in 2018, SingularityNET has announced key partnerships with like-minded companies such as BitSpace, Hacken, FundRequest, Ocean Protocol, Shivom, and Nexus Partners — with more partnership announcements to come in June.

Expansion Into China

With the new location in South Korea and ongoing expansion in China as well, the company aims to establish creative partnerships with area tech firms, taking advantage of the deep pool of AI developer talent that Asia has to offer.

The company also recently announced its official AI Research Lab, where SingularityNET is experimenting with cutting-edge topics such as AI-guided regenerative medicine, as well as its Community Forum, as the company aims to start opening up its work to the public and directly involving its community of supporters in the next phase of its business development.

“If you look at the latest headlines, the reality is that people are growing increasingly concerned over the possibility of a centralized and oligopolistic AI future,” said SingularityNET CEO Dr. Ben Goertzel. “This is a pivotal year for us; we have been working diligently with regard to our vision for a democratic, open AI future.  While we are focused only on building our platform and reaching out to AI developers and users, and we do not actively support secondary market activity, we are pleased with the community recognition that AGI listing on Binance Exchange represents.”

“SingularityNET’s vision for an AI future that can be controlled by the people, and not by a few giant corporations and governments, is compelling,” said Binance Director of Business Development Ashley Oy. “I look forward to following their progress as they tackle this significant challenge.”