DFINITY and SingularityNET Merge AI with Blockchain
Date: 2023-11-23 Author: Dima Zakharov Categories: BLOCKCHAIN
Revolutionizing Technology: AI on Blockchain
In a groundbreaking collaboration, DFINITY and SingularityNET are set to combine artificial intelligence with blockchain technology, bringing together the capabilities of both spheres within smart contracts and decentralized networks.
Integration of Internet Computer Protocol (ICP)
SingularityNET is integrating the Internet Computer Protocol (ICP) network into its AI marketplace. This initiative will enable developers to deploy language models within smart contracts on the blockchain, fostering a new dimension of AI accessibility and application.
Enhanced Transparency and Reliability
According to DFINITY's founder, Dominic Williams, this partnership aims to enhance the transparency and reliability of Decentralized AI (DeAI) models deployed on ICP. The integration will leverage SingularityNET's reputation system and management structure to ensure the credibility of AI models.
Uniting Strengths for Secure and Transparent AI
The primary objective is to leverage the strengths of each platform to develop and deploy AI applications that are economically viable, transparent, and secure, catering to a range of diverse needs within the decentralized ecosystem.
Functionality and Consensus Mechanism
The platform operates using the Proof-of-Reputation consensus mechanism, evaluating network service performance and quality, assigning ratings based on user feedback. Validators with the highest ratings are given priority in block creation within the network.
Funding Collaboration and Development
Apart from integrating ICP, both entities are merging their funding programs. This initiative aims to incentivize developers and provide resources to enhance decentralized AI, fostering an environment conducive to innovation and progress.
Initiatives and Previous Launches
Previously, the DFINITY Foundation launched a $5 million grant program to propel the development of DeAI. Earlier announcements included the launch of Sonic, the first decentralized exchange on the ICP network, and the introduction of Chain-Key Bitcoin, a token backed by Bitcoin at a 1:1 ratio.
