Source: Vaiot via Youtube
Vaiot is a company aiming at providing services to both business and consumers such as purchasing car insurance or concluding a transaction backed by a legal contract in a new simple fashion through its Natural User Interface. The company leverages modern technologies such as IBM's Watson for the latest advancements in AI and also Blockchain solutions for increased security and efficiency.
- The aim to revolutionize the legacy business processes through empowering personal assistants to the extend that one day we could be able to purchase a car insurance by speaking to a personal assistant like Alexa or Siri is currently in its early stages with vaiot.ai perhaps at the forefront of the advancements.
- The proposed proprietary solution bridges the gap between AI and Blockchain by leveraging current machine learning solutions such as IBM's Watson and Blockchain based smart contracts using Cosmos SDK to create a new concept called Intelligent Contracts which in simple terms allow more efficient, secure, cheaper and faster way to execute to today's traditional contracts.
- Although Cosmos is the planned underlying technology to be used in the future to gain benefits of its interoperability between different blockchains, the initial solution will be based solely on the Etherum blockchain and will be backed by an ERC-777 standard VAI Token which at a latter stage is planned to be migrated to the Cosmos ecosystem towards the end of 2021.
- The technology also employs fraud & legal analysis with its neural network trained repositories and adds an authentication layer on top through the use of electronic signatures, trusted profiles and KYC procedures.
- The next notable milestone on its road map is the successful roll out of its Virtual AI Sales Assistant towards the second part of 2021, which has been now kick started in terms of beta product testing.
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This article was originally posted on publish0x and was inspired by today's cointelegraph's article on the company