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EFFECT.AI and DAIA Collaborate to Foster Advancement in AI and Blockchain Projects

By CIOReview | Friday, January 25, 2019

Artificial Intelligence (AI) and blockchain are two major technologies that are accelerating the pace of innovation and introducing the radical shifts in various sectors. Each sector has its defined complexity, but the amalgamation of these two technologies can redesign the whole structure of industries and provide possible solutions.

EFFECT.AI, an Amsterdam-based decentralized network for AI, partners with a Spain-based organization, Decentralized Artificial Intelligence Alliance (DAIA). The development of applications and data analysis based on AI techniques and data mining are the key components for DAIA to associate with EFFECT.AI.

The collaboration states that DAIA consists of an alliance where AI & blockchain related ecosystems can collectively solve common challenges. The coalition looks forward to connecting AI Blockchain projects “in a democratic and decentralized way.” The organization is focusing on fostering cooperation on software and hardware projects, which will benefit the members of the AI community in the long run. Apart from that, the organization is all set to define the industry standards, organize events, and provide support on matters that affect the community as a whole. It will also affiliate with philanthropic foundations and investment funds that are willing in directing resources to decentralized AI, helping them with ‘’sourcing and vetting investments and other operations if required.’’

EFFECT.AI is developing a decentralized network for AI-based services on the NEO blockchain. The aim behind the company’s structure is to build a platform that is democratic, accessible and easy to use than what is currently available.