VeChain and SingularityNET team up on AI to fight climate change
VeChain and SingularityNET team up on AI to fight climate change

Artificial intelligence firm SingularityNET and blockchain firm VeChain have become the latest companies to combine blockchain with artificial intelligence — this time with the goal of reducing carbon emissions.

Last year, the crypto industry saw increased collaboration between blockchain and artificial intelligence technologies.

On August 24, VeChain, a smart contract compatible blockchain for supply chain tracking, announced a strategic partnership with SingularityNET, a decentralized artificial intelligence service sharing platform.

The partnership will combine VeChain’s enterprise data with SingularityNET’s advanced artificial intelligence algorithms to enhance the automation of manual processes and provide real-time data, the two companies said in a joint statement.

SingularityNET founder and CEO Ben Goertzel told Cointelegraph that blockchain and artificial intelligence go hand in hand to solve problems where traditional approaches often fail.

“The past few years have taught the world that when the right AI algorithms are fed the right data with enough processing power, magic can happen,” Gotzel said.

Goertzel explained that, for example, the partnership could allow AI to find new ways to use data from the VeChain blockchain to optimize carbon emissions and minimize pollution.

“Achieving a sustainable and environmentally friendly economy is an extremely complex issue involving the coordination of a large number of different economic actors,” he added.

“Traditional economic mechanisms have been failing miserably on this issue.”

Meanwhile, VeChain CTO Antonio Senatore added: “Blockchain and AI provide industries and businesses with game-changing capabilities and open up new ways to operate.”

related: How Blockchain and AI Are Combining to Redefine Data Security

In July, Bitcoin Miner Hive Blockchain changed its name and business strategy as part of its foray into the emerging field of artificial intelligence. Hive Digital Technologies CEO Aydin Kilic told Cointelegraph in August that both blockchain and AI “are the backbone of Web3.”

In June, the Ethereum Layer 2 expansion network Polygon Announce Its fusion of AI technology. The artificial intelligence interface called Polygon Copilot will help developers gain analytics and insights for Dapps on the network.

Dr. Daoyuan Wu, an AI researcher at Nanyang Technological University in Singapore and an affiliate of MetaTrust, told Cointelegraph that “AI’s inherent autonomy fits seamlessly with the decentralized and autonomous features of blockchain and smart contracts,” adding:

“It has the potential to transform the centralized governance currently prevalent in the blockchain ecosystem into a truly decentralized and autonomous paradigm.”

MetaTrust Labs is developing a project called GPTScan, a tool that combines generative pretrained transformers (GPT) and static analysis to detect logic vulnerabilities in smart contracts.

“GPTScan is the first tool of its kind that leverages GPT to match candidate vulnerable functions based on code-level scenarios and attributes,” Dr. Daoyuan added in an interview with Cointelegraph.

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