VaChain And NET Singularity Cooperation: When Blockchain And AI Double To Reduce Carbon Emissions

SingularityNet establishes partnership with VeChain. (Photo; Doc. Coinbilgi)

JAKARTA - The partnership between artificial intelligence company SingularityNET and blockchain company VeChain is an example of the success of blockchain collaboration and artificial intelligence (AI) aimed at reducing carbon emissions. VeChain announced this strategic move on August 24.

In the announcement, these two companies will unify their resources to increase manual process automation and present real-time data. Ben Goertzel, founder and CEO of SingularityNET, believes that blockchain and AI technology has a strong synergy.

Goertzel also argues that this technology plays an important role when conventional approaches prove less effective. For example, he explained, "Creating a sustainable economy that supports the environment is a complex challenge that requires coordination of various economic stakeholders."

Goertzel realized that traditional economic mechanisms have not been able to overcome this problem adequately. However, he believes that this partnership can inspire new ways to optimize carbon emissions and reduce pollution.

"The last few years have shown that when the right AI algorithm meets the right data and adequate computing power, extraordinary achievements can occur," added Goertzel.

When AI And Blockchain Complement Each Other

The partnership between SingularityNET and VeChain is one of the most common examples of blockchain and AI integration. According to Technical Directors at Net Technologies, this combination opens up unlimited potential for the world. As a result, many blockchain companies are now exploring the AI sector or establishing partnerships to optimize their potential.

The Polygon blockchain platform recently presented an AI guide called Polygon Copilot. This guide helps users explore the Polygon ecosystem by providing insight and analytics about various aspects, which are useful for novice and experienced users.

In addition, there is also HIVE Digital Technologies which recently removed the word "Blockchain" from its name, reflecting its broader focus. HIVE Digital Technologies CEO, Aydin Kilic, stated that "Blockchain and AI can synergize well - both of them are the foundation of Web3."

In another sector, Applied Digital has signed a $460 million agreement to provide AI-based cloud computing at the data center. It doesn't stop there, MetaTrust Labs is also developing GPTScan, a tool that utilizes Generative Pre-training Transformer (GPT) and a static analysis to detect logic vulnerabilities in smart contracts.

Daoyuan Wu, an AI researcher from Nanyang Technological University, observed that AI and blockchain complement each other. He explained, "The independence inherent in AI is in accordance with the characteristics of decentralized and independent blockchain and smart contract."

If this trend continues, it can be expected that there will be more partnerships between blockchain companies and AI as done by SingularityNET and VeChain.