The Collaboration: SingularityNET and VeChain Join Forces to Reduce CO2 Emissions
The world of crypto and artificial intelligence (AI) is coming closer together with the announcement of a new partnership. SingularityNET (AGIX), a blockchain-powered decentralized AI marketplace, and VeChain (VET), a blockchain platform aiming to optimize the supply chain, have joined forces to reduce CO2 emissions.
Crypto Projects United
Blockchain and AI are often seen as the most innovative technologies of our time. SingularityNET was one of the first companies to merge these two worlds, while VeChain focuses on managing supply chains and optimizing underlying business processes.
In the fight against climate change, the two crypto projects announced their collaboration on August 24. Cointelegraph reported this news earlier today.
In a joint statement, the companies said that the partnership would merge VeChain’s business data with SingularityNET’s advanced AI algorithms to enhance the automation of manual processes and provide real-time data.
The founder and CEO of SingularityNET, Ben Goertzel, stated that the collaboration could enable AI to identify new ways to use VeChain’s blockchain data, optimizing CO2 emissions and minimizing pollution.
AGIX tokens, the driving force behind the AI marketplace, are now tradable on the Dutch exchange Bitvavo. You can learn more about this in another article.
The Convergence of Crypto and AI
Goertzel believes that blockchain and AI go hand in hand and can solve problems where traditional approaches often fail. He describes achieving a sustainable and environmentally friendly economy as an extremely complex problem that traditional economic mechanisms have consistently failed to address.
The Chief Technology Officer of VeChain, Antonio Senatore, is also enthusiastic about the integration of AI and blockchain technology:
“Blockchain and AI offer groundbreaking possibilities for industries and businesses, opening up new opportunities.”
Dr. Daoyuan Wu, an AI researcher from the Nanyang Technological University in Singapore and a MetaTrust subsidiary, believes that artificial intelligence “seamlessly aligns with the decentralized and autonomous characteristics of blockchain and smart contracts.” According to him, AI has the potential to transform the blockchain ecosystem into a truly decentralized and self-governing paradigm.