Artificial Intelligence and Machine learning are two buzzwords that are in tech space since a long time. With the advent of blockchain, the importance of both words have increased multiple folds. As distributed ledger paves its way towards a brighter future, customized products are being launched in ICO wrappings. Today 40% of the total ICO revolves around Artificial technology, payment processing and IoT concepts.
In blockchain category, financial institutions seems to be the largest beneficiary as the current business model is inefficient. Large storage and verification of each transactions manually is piling costs thus causing delays in transaction process while inefficiency due to centralized system further adds fuel to already rocketing expenses. Here, Blockchain appears to battle with all loopholes that exists in this centralized model and promises a faster financial inclusive platform with giving more autonomy to users and full tractability of each transaction thus preventing any possible money laundering events in future.
While researching on promising projects for 2018, I came across Fuloos which is a decentralized peer-to-peer payment processor working on three-layer sharding, super nodes and most importantly EEVVAA technology.
Talking about EEVVAA, it can be referred as a brain behind the concept. EEVVAA is a sentimental being that makes decision based on artificial intelligence. It is an autonomous system based on artificial intelligence that has been developed by its Founder Crypto Knight, EEVVAA is a combined effort to bring neural connectivity in the system that can make transactions faster and fully automated. Another benefit of using this sentimental being is to prevent hacking attempts, since all nodes are connected automatically with each line supporting every transaction; it is already very hard for a hacker to do any malware attempt. However, to provide additional layer of security, EEVVAA makes sure to prevent any threat within internal and external frame.
Connecting the dots of Eva artificial intelligence with Fuloos inherent technology makes a stronger case for an automated payment processor where alerts and reminders can be set, payments can be done automatically, bookings can happen prior to time while transactions are synchronized under each block and every node works smoothly on the running chain. The inherent feature thus increases network processing capability hence uplifting transactions per second (tps) from an average of 2,000tps in other platforms to an amazingly positive number i.e. 10,000tps.
While every day, newer projects are coming and existing projects are bringing newer stuff on table, the war of blockchain platforms has already took off its wings and appears to cement further in 2QCY18 when main-nets of number of projects are due (ICX, WAVES, TRX); here the projects that promises highest cost efficiencies and economies of scale together with mass adoption will be the clear wins for 2018.